Acuity, the Sheboygan-based property and casualty insurance company, has posted strong growth in 2009, despite the economic challenges.
The company, which operates in 19 states, grew its personal lines to more than 150,000 in-force polices and about $200 million in written premium. Its new business revenue increased nearly 10 percent last year.
Acuity grew its commercial accounts to record levels, finishing 2009 at more than 83,000 commercial accounts. The firm wrote $140 million in new business premium last year, passing its 2008 levels by more than $5 million.
“Acuity’s record increase in business in 2009 shows we are offering independent agents the pricing, coverage, and service they need,” said Wally Waldhart, vice president of sales and communications. “We are tremendously proud of the strong partnerships we’ve built with our agents and thankful for the trust they have placed in Acuity.”
The company’s 2009 55,000 requests for quotes set another new record, beating its 2008 request level by more than 15 percent.
“The insurance marketplace remained tremendously competitive in 2009 at the same time the recession has put financial pressure on individuals, families, and businesses,” said Ben Salzmann, Acuity president and CEO. “Our growth in both new business premium and total policy count shows we are pricing both competitively and fairly. It also enables us to fulfill our mission to protect and enhance the financial well-being of our customers and to rebuild shattered lives.”
