SHEBOYGAN — Acuity Insurance announced that it has reached the $1 billion revenue mark, generated on premiums written across its 20-state operating territory.
Acuity has quadrupled its annual written premium revenue since the beginning of 1999.
President and CEO Ben Salzmann stated that Acuity’s growth is significant to its employees, independent agencies, and the communities in which it does business.
“As we grow, we can hire more people, and the people who are already on our staff find more opportunities for growth and advancement,” said Salzmann. “Being a $1 billion company also increases our capacity to help people. We can insure more individuals, families, and businesses, and we can contribute more to the communities in which we operate.”
Acuity has averaged a double-digit growth rate over the past 14 years despite insurance market fluctuations and global economic downturns. During that period, the company has also expanded its geographic reach, doubling the number of states in which it does business. Acuity’s expansion has it on track to quickly become a top-60 carrier in the United States—out of more than 3,000 in the nation—and to break into the top 50 within a few years.
“We have the agents, employees, and strategic plan in place to allow our growth to keep compounding,” Salzmann said. “We plan to sustain our momentum on the path to becoming a multibillion-dollar insurer.”
Acuity Insurance, headquartered in Sheboygan is a property and casualty insurer that operates in 20 states, generates $1 billion in revenue through 1,000 independent agencies and manages $2.5 billion in assets. Named the Best Medium-Sized Place to Work For in America by the Great Place to Work Institute, the company employs over 900 people.