I’m pleased to share the news of another strong quarter with our agency partners. Below are FFVA Mutual’s financial results for the nine months ending September 30, 2015.
FFVA Mutual 3Q Financial Highlights:
- Net Admitted Assets $319.4 million
- Policyholder Surplus $142.2 million
- Direct Written Premium 6.9% increase
- Net Underwriting Gain $9.3 million
- New Business 11% increase
- Net Income $10.6 million
- Net Investment Gain $7.8 million
- Direct Loss Ratio 45.50%
- Year to date Combined Ratio 87.60%
As we look toward a successful year-end, thank you for continuing to recommend us to your existing and prospective customers for their workers’ compensation coverage.
President & CEO