NEWS ARTICLE
March 13, 2012
Western National Insurance Group Announces Year-End 2011 Results
(Minneapolis, Minn.) Western National Insurance Group today announced its full-year financial results through December 31, 2011. Significant comparative financial measures include:
- Total Assets grew from $650.4 million to $689.7 million ($39.2 million or 6 percent)
- Net Income After Tax totaled $16.2 million, compared to $16.5 million in 2010
- The Combined Ratio was 100.6 percent, compared to 100.3 percent in 2010
- Surplus increased from $252.8 million to $269.5 million ($16.7 million or 6.6 percent)
“We’re pleased to be reporting positive year-end numbers, especially after the very active storm season of 2011,” said Stuart Henderson, president and chief executive officer of Western National Insurance Group. “In a challenging year for the insurance industry, we’re proud to have been able to increase the surplus funds that protect Western National’s policyholders. We look forward to continuing this growth in the year to come.”
Western National Insurance Group, headquartered in Edina, Minn., is a super-regional group of eight active companies serving the property-and-casualty insurance needs of individuals, families, and businesses. The group’s products are sold exclusively through professional independent agents in 14 states in the Midwestern, Northwestern, and Southwestern U.S.
For further information, please contact:
Steve Norman, AIT*
Director of Communications
(952) 921-3820 or (800) 862-6070 (Ext. 7680)
steven.norman@wnins.com
* Associate in Information Technology (AICPCU-IIA)
