April 26, 2021
SFM releases 2020 annual review
SFM recently released its 2020 annual review, which highlights SFM's 2020 accomplishments.
To say that 2020 presented unexpected challenges would be an understatement, but we believe that every valley presents an opportunity to climb to the next peak.
Some 2020 highlights include:
- A combined ratio of under 100% for the ninth year in a row
- 8% policyholder base growth
- 96.3% policyholder retention rate
- 9% surplus growth
- AM Best Financial Strength Rating of "A- (Excellent)"
SFM's commitment to reducing the frequency and the severity of workplace injuries continues to help us move forward profitably, and gives policyholders a long-term stable partner for workers' comp insurance.