FFVA Mutual Year-End Results [2017]

FFVA Mutual Year-End Results [2017]

February 20, 2018 from Craig Menzl, President & CEO

I am pleased report that our positive 2017 year-end financials mirror FFVA Mutual’s corporate vision: to be an industry leader recognized for unparalleled services, strategic growth and financial strength.

FFVA Mutual’s 2017 Year-End Financial Highlights:

        2017        2016 
 Net Admitted Assets  $ 336.2 million  $ 328.0 million
 Direct Written Premium  $ 112.8 million  $ 114.6 million
 Policyholder Surplus  $ 164.3 million  $ 156.1 million
 Net Underwriting Gain  $   12.3 million  $   14.5 million
 Net Income  $   12.7 million  $   11.6 million
 Net Investment Gain  $     10.5 million  $     8.8 million
 Loss Ratio 51.0% 49.3%
 Combined Ratio (excluding dividends) 89.2% 88.0%

I would like to thank our dedicated agency partners, employees and board of directors for these positive results. In 2018, you can count on our account service teams to deliver unparalleled underwriting, safety and claim solutions.

Sincerely,
Craig