Sheboygan-based Acuity today reported $140 million in written premium revenue in 2013, a record 14.4 percent higher than in 2012. The company has reported and annual increase in net written premium for the past five years.
“In the past 36 months alone, Acuity has added nearly $350 million to our top-line revenue,” said Ben Salzmann, president and chief executive officer.
In 2013, Acuity surpassed $1 billion in revenue and $3 billion in assets. In personal lines, the company wrote more than $60 million in new business, another record and a 32 percent increase over 2012. In commercial lines, Acuity added nearly $158 million in new business premium.
Revenue growth is also fueling the Acuity’s expansion. In December, the property and casualty insurance company broke ground on a $130 million, 260,000-square-foot addition to its corporate headquarters. By the end of the year, it expects to have hired 250 people since 2012.
“Our sustained success provides rewarding, interesting, and meaningful career opportunities for workers of all ages—from new recruits and college graduates to insurance professionals with years of valuable experience,” Salzmann said. “It also shows that we are fulfilling our mission of protecting and enhancing the well-being of more and more customers and rebuilding shattered lives.”
