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:
|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|
|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.