Amerisure Insurance Sees Significant Earnings Growth

Michigan-based Amerisure Insurance, a regional property and casualty insurance group, experienced significant earnings growth through the third quarter 2001, reporting direct written premiums of $326.7 million, and net income of $15.7 million. Those figures amount to increases of $63.9 million and $2.8 million respectively, over third-quarter 2000 results.

Overall, the company achieved a combined loss ratio of 106.1 percent at September 2001; a notable improvement over September 2000’s loss ratio of 113.0 percent.

Amerisure services manufacturing, contracting and commercial enterprises through 10 Core Service Centers in the Midwestern and Southern U.S.

Topics Profit Loss