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Financial Information
2014 Annual Review

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Financial Information

Through conservative investing and careful management, SFM remains debt-free and a consistent market presence despite swings in the economy.

SFM's financial highlights

  • Conservative, high quality investment portfolio
  • Financial stability
  • Consistent, reliable coverage for employers
  • Fair pricing, matched with the risk
  • Careful loss reserving philosophy
  • Customer retention unmatched in the industry
  • Sensible, steady underlying business growth
  • Surplus strength for the unexpected
  • Industry leadership as one of the largest writers of workers' compensation in the Midwest

2014 annual review

Annual Review In 2014, nearly 95 percent of policyholders renewed with SFM, many of them reaping the benefits of lower experience ratings as a consequence of our collaborative efforts. Our top-line premium grew 6 percent in 2014 to $155 million, primarily as a result of burgeoning payrolls in the strong economies of the Upper Midwest. We achieved a favorable return on policyholder surplus (9%) and a combined ratio under 100 for the third successive year. We also expanded our fee income business by adding self-insured clients and increasing the percentage of the Minnesota Assigned Risk Plan serviced by SFM Risk Solutions. We understand better than anyone that to remain successful during the next insurance cycle we'll need to perform better than the competition on the loss/claims side of the insurance equation.

Learn more in SFM's 2014 online version (full) annual review Arrow image
Print version (abbreviated) Arrow image


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