FFVA Mutual Year-End Results [2018]

FFVA Mutual Year-End Results [2018]

March 19, 2019 from Craig Menzl, President & CEO

I am pleased to report that our 2018 year-end financials are strong and reflect our emphasis on profitable growth and consistent underwriting.

FFVA Mutual’s 2018 Year-End Financial Highlights:

        2018 
 Net Admitted Assets  $ 324.3 million
 Direct Written Premium  $ 103.7 million
 Policyholder Surplus  $ 161.8 million
 Net Underwriting Gain  $   10.5 million
 Net Income  $   10.1 million
 Net Investment Gain  $   12.1 million
 Loss Ratio 49.7%
 Combined Ratio (excluding dividends) 90.1%

These positive numbers are a result of the valuable Relationships at Work we have with our agency partners and policyholders. In 2019, you can rely on FFVA Mutual’s account service teams to deliver outstanding underwriting, safety and claim solutions.

Sincerely,
Craig

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