Tag: annual report

This year’s Stonetrust Annual Report provides an overview of the company’s performance in 2025. Stonetrust Commercial Insurance Company achieved exceptional financial success last year, continuing its strong trajectory despite ongoing competitive pressures in the workers’ compensation insurance environment. The company reported robust net underwriting and investment gains, resulting in total net income of $16.4 million for the year. Stonetrust’s surplus reached $166.1 million, while total assets finished at $278.8 million.

A major milestone in 2025 was Stonetrust’s AM Best rating upgrade to A (Excellent) with a Stable Outlook—a full grade improvement achieved in just three years since reaching A- status in 2022. This achievement reflects the company’s consistent underwriting profitability, surplus growth, and strengthened financial structure.

This rating upgrade underscores Stonetrust’s disciplined risk management practices, consistent underwriting performance, and long-term strategic focus. It also reinforces confidence among policyholders, agents, and stakeholders, positioning the company for continued stability and responsible growth in an evolving insurance landscape.

Stonetrust successfully expanded into North and South Carolina at the end of 2025, and preparations are already underway for the next phase of expansion in 2027. A key factor throughout the expansion process: maintaining disciplined underwriting standards in an extremely competitive market.

This year’s spotlight agency is Forth Insurance of Ruston, Louisiana. Originally known as the Lincoln Agency when contracted in 1993, Forth was one of the first agencies to sell workers’ compensation coverage for Stonetrust. Today, Forth stands as one of Stonetrust’s top producing agencies, exemplifying the enduring power of relationships built on trust and commitment.

Stonetrust’s continued success is built on the loyalty and commitment of its agency partners and employees. With strong momentum continuing into 2026, Stonetrust plans to accelerate its growth trajectory while staying true to its core priorities of steady profitability and strong relationships.

The Stonetrust 2025 Annual Report provides a comprehensive overview of the company’s performance in 2024. Stonetrust Commercial Insurance Company achieved remarkable financial success in 2024 in a challenging and hyper-competitive workers’ compensation insurance environment. The company reported strong net underwriting and investment gains, resulting in total net income of $13.1 million for the year. Stonetrust’s surplus increased significantly again in 2024, reaching $170.7 million, reflecting its strong financial foundation and stability. These results demonstrate the company’s ability to maintain profitability while navigating market challenges and continuing to provide excellent coverage and dedicated support to policyholders across all operating regions.

This year’s Annual Report features APEX Insurance Consultants of Arkadelphia, Arkansas, as the spotlight agency. APEX operates under the leadership of Stan Elrod, his daughter Melanie Bobo, and his son Michael Elrod. Since partnering with Stonetrust in 2013, APEX has grown to become Stonetrust’s largest agency in Arkansas, exemplifying the type of long-term relationships highlighted in the Stonetrust 2025 Annual Report. Their success showcases how collaborative agency partnerships contribute to sustainable growth, operational efficiency, and enhanced service for policyholders.

Stonetrust’s continued success is built on the loyalty and commitment of its agency partners and employees. The company emphasizes ongoing training, innovative claims solutions, and personalized support, ensuring policyholders receive high-quality coverage and personalized guidance every step of the way. With additional state expansion targeted for late 2025, Stonetrust plans to continue growing its business profitably with current agency partners and agencies in new markets. The 2025 Annual Report highlights these strategic initiatives, demonstrating Stonetrust’s focus on financial strength, operational excellence, and long-term agency relationships. By maintaining consistent growth, strong community engagement, and a respected reputation within the insurance industry, Stonetrust continues to position itself as a trusted and reliable provider of workers’ compensation solutions across all its operating regions.