Sheboygan-based property and casualty insurance firm Acuity today reported that its 2015 revenues reached an all-time high for the company of $1.3 billion.
The company also reported that it had an overall gain of nearly $90 million in total written premium in 2015, a 7 percent increase over 2014.
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Acuity corporate headquarters in Sheboygan.[/caption]
“Over the past 16 years, Acuity has grown 250 percent faster than the insurance industry. In the past 48 months alone, our company added nearly $500 million to its top-line revenue,” said president and chief executive officer Ben Salzmann.
The company said it achieved “significant growth” across all lines of business and throughout its 24-state operating territory in 2015. It wrote over $200 million in new business for the fourth straight year, driven by increases in both personal and commercial lines.
Acuity also said today that it added 135 staff members in 2015 and plans to hire 120 more over the next six months. After the latest round of staffing is completed, the company will have hired 700 employees over a five-year span. The company has a total of 1,200 employees.
“ACUITY’s financial success in 2015 is a direct result of the efforts of our dedicated staff and trusted agency force,” said Wally Waldhart, vice president - sales and communications. “We are extremely grateful to all our people for helping us achieve another record-setting year, and we look forward to continued success in 2016.”