FFVA Mutual Year-End Results [2016]

FFVA Mutual Year-End Results [2016]

March 7, 2017 from Craig Menzl, President & CEO

I am pleased to report that our year-end financials are strong and reflect our emphasis on profitable growth and consistent underwriting.

FFVA Mutual’s 2016 Year-End Financial Highlights:

       2016       2015 
 Net Admitted Assets $ 328.0 million     $ 317.6 million
 Direct Written Premium $ 114.6 million $ 115.9 million
 Policyholder Surplus $ 156.1 million $ 143.5 million
 Net Underwriting Gain $   14.5 million $   12.8 million
 Net Income $   11.6 million $   12.0 million
 Net Investment Gain $     8.8 million $     8.4 million
 Loss Ratio49.30% 50.70%
 Combined Ratio (excluding dividends)88.00% 89.80%

      

I’d like to thank our agency partners and employees for another successful year! In 2017, you can count on our Solutionists to deliver outstanding workers’ compensation services.

Sincerely,
Craig