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Posted on Mar 19, 2019 |
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