Posted on Mar 7, 2017 |

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 Ratio 49.30%  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