2024 Year-End Financials
Western National Insurance Group has announced full-year financial results through December 31, 2024. Significant comparative financial measures include:
- Total Assets grew from $2.11 billion to $2.36 billion, an increase of $256.8 million (12.2%) compared to 12/31/23.
- Direct Premium Written totaled $1.11 billion, with growth from continuing operations of 16.9% over 2023.
- Net Income After Tax totaled $86.3 million, compared to $69.6 million in 2023.
- Surplus increased from $885.5 million to $989.2 million, an increase of $103.7 million (11.7%) compared to 12/31/23.
These figures reflect the combined performance of all Group companies, including Western National Mutual Insurance Company and its subsidiaries: American Freedom Insurance Company, Pioneer Specialty Insurance Company, Umialik Insurance Company, and Western National Assurance Company. These numbers do not include results from affiliates. With affiliates, the Group’s year-end results include Total Assets of $2.73 billion, Surplus of $1.11 billion, and Direct Written Premium of $1.28 billion.
Aon Reinsurance Continuing Education Session
In April, we partnered with Aon, our reinsurance broker, to provide a two-day continuing education session on reinsurance for employees across our Group. The sessions provided employees with an understanding of the different types of reinsurance, the mechanics of reinsurance pricing, the claims process, and a clear picture of the overall importance of the products to the industry as a whole. We are grateful for our partnership with Aon and believe that these continuing education sessions provide our employees with valuable context and the opportunity to deepen their understanding of our industry.
Do's and Don’ts of Finding a Contractor
In preparation for the upcoming storm season, we’ve created a simple “Dos and Don’ts” infographic with key tips for choosing a contractor to help guide policyholders through the contractor selection process. Click here to view and download the graphic.
