Millers Mutual Reaches $100 Million in Direct Written Premium Goal
Ten years ago, Millers Mutual had roughly $60 Million in Direct Written Premium and was faced with what to do about certain lines of business that were no longer profitable. In 2016, our team developed a strategic plan focused on expanding an existing niche Millers was successfully underwriting and offering the best products and services for the multifamily housing industry with a longer-term goal of ultimately growing Direct Written Premium to $100 Million. This was an important long -term goal for Millers, as it wasn’t a number chosen at random, it was based on various research showing insurance carriers with $100M-$500M of Direct Written Premium outperform
When it comes to company strategy and goal setting, the unfortunate reality is that not many companies get the planning right or execution right. But with your unwavering support, and that of our employees, the Leadership Team and Board of Directors, we got both right. We are proud to announce that by the end of year 2022, we accomplished our goal of achieving $100 Million in Direct Written Premium by successfully serving the multifamily housing industry.
We are truly grateful for you, our agency partners, as you trusted and continue to trust in us to provide the right products and services for your multifamily housing clients. We look forward to continued growth with you by our side.
Jeffrey Pratt, President & Chief Executive Officer