Tag: Growth

2026 Stonetrust Annual Report

Posted on April 14, 2026 by Victoria Hoang - Uncategorized

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.

View Stonetrust 2025 Annual Report

Stonetrust Workers’ Compensation Announces Expansion into North and South Carolina

Posted on January 29, 2026 by Victoria Hoang - Uncategorized

Stonetrust Expansion announcement into North and South Carolina

Stonetrust Commercial Insurance Company, an AM Best “A” rated specialty workers’ compensation carrier, announced the expansion of its operations into North Carolina and South Carolina, effective January 2026. With these additions, Stonetrust now serves businesses across 14 states throughout the South and Midwest. The Stonetrust Expansion strengthens the company’s regional footprint and supports its long-term strategy of partnering with independent agents to serve employers with multi-state operations.

“This expansion reflects our continued commitment to steady, profitable growth while delivering our workers’ compensation solutions to more businesses with multi-state operations,” said Michael G. Dileo, Stonetrust President & CEO. “We’re excited to introduce our underwriting expertise, superior service model, and exceptional claims management to businesses in North and South Carolina.”

Stonetrust Expansion Strategy

The Stonetrust Expansion into North and South Carolina reflects a thoughtful and disciplined approach to growth. Each new market is evaluated carefully. The company prioritizes long-term stability over rapid expansion. This ensures consistent underwriting performance and strong partnerships.

Local expertise plays an important role in each new state. Stonetrust works closely with independent agents who understand their markets. This collaboration helps deliver tailored workers’ compensation solutions. It also supports better outcomes for policyholders.

The Stonetrust Expansion is also supported by the company’s strong financial position. With a proven track record of profitability, Stonetrust is well-positioned to enter new regions. The company remains focused on maintaining underwriting discipline in competitive environments.

Independent agencies interested in a Stonetrust appointment can inquire by clicking on the following: Agent Portal | Stonetrust Workers’ Compensation. Agent Portal | Stonetrust Workers’ Compensation.

About Stonetrust

Stonetrust is a regional insurance company headquartered in Baton Rouge, LA providing workers’ compensation and employers’ liability insurance in 14 states across the Midwest and Southeastern U.S. Stonetrust provides statutory workers’ compensation insurance to employers large and small, with a concentration in construction, wholesale, retail, manufacturing, and other service-related businesses.

Stonetrust Workers’ Compensation is upgraded to “A” (Excellent) Rating by AM Best

Posted on August 22, 2025 by Victoria Hoang - Uncategorized

AM Best, the world’s leading insurance industry credit rating agency, upgraded Baton Rouge-based regional workers’ compensation insurer, Stonetrust Commercial Insurance Company’s Financial Strength and Credit Ratings from A– (Excellent) to A (Excellent). Stonetrust provides workers’ compensation coverage and services to more than 5,000 policyholders in Louisiana and eleven other states in the Midwest and Southeastern regions of the United States, supporting businesses of all sizes with reliable and comprehensive insurance solutions. Their offerings include claims management, risk assessment, and dedicated customer support, ensuring policyholders receive the guidance and protection they need.

The AM Best upgrade reflects Stonetrust’s very strong balance sheet strength and consistent operating performance, highlighted by five consecutive years of positive income in every area of the business. Stonetrust President, Michael G. Dileo, commented, “The upgrade is a compliment to the tremendous team that we’ve assembled at Stonetrust and reinforces the momentum and progress that we’ve achieved over the last few years. We had just achieved our A– rating in 2022, so we’re truly excited to receive this upgrade so soon after the last one. It affirms our profitability-first strategy, the partnerships we’ve built with our outstanding agency partners, and supports our plans to expand our products into additional states.”

For policyholders and agency partners, this upgrade means continued confidence in Stonetrust’s financial stability, exceptional service, and long-term commitment to providing high-quality workers’ compensation coverage. It demonstrates that the company not only meets but exceeds industry standards, offering peace of mind to businesses and employees alike.

The recognition from AM Best is a testament to Stonetrust’s ongoing dedication to excellence, innovation, and growth. By maintaining strong financials and fostering trusted partnerships with agencies, Stonetrust continues to set itself apart as a leading workers’ compensation insurer in the region. With a focus on continuous improvement, training, and technology-driven solutions, Stonetrust ensures policyholders receive timely, efficient, and reliable support.

Here’s to continued growth, excellence, and dedication in serving Stonetrust’s agency partners and valued policyholders!

2025 Stonetrust Annual Report

Posted on April 4, 2025 by Victoria Hoang - Uncategorized

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.

View Annual Report

2024 Stonetrust Annual Report

Posted on August 19, 2024 by Mike Jackson - Uncategorized

The 2024 Stonetrust Annual Report provides a comprehensive overview of the company’s performance and key milestones in 2023. Notably, Stonetrust Commercial Insurance Company achieved significant financial success, reporting a 6% growth in total premiums, which amounted to $52.4 million in written premiums and $51.7 million in net earned premiums. The company’s net underwriting gain reached $11.1 million, while a net investment gain of $2.5 million contributed to a total net income of $9.4 million. Stonetrust also saw a nearly $17 million increase in its surplus, which grew to $149.5 million, further strengthening its financial position.

In line with these achievements, Stonetrust’s total assets increased from $230.8 million at the end of 2022 to $253.4 million. These results reflect a consistent trend of underwriting profitability and strong investment returns, maintaining a competitive edge in the workers’ compensation insurance market. Despite the challenges posed by declining claim frequencies, lower claim costs, and fierce competition, Stonetrust remained resilient in 2023, underwriting nearly $12 million in new business premiums.

Stonetrust’s success was further validated by its July 2024 AM Best evaluation, which reaffirmed the company’s Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent). Most notably, AM Best upgraded Stonetrust’s outlook from “Stable” to “Positive,” citing the company’s very strong balance sheet strength, consistent operating performance, robust underwriting earnings, and steady investment income.

The report also highlights the importance of partnerships, showcasing One General Agency (OGA) as a key contributor to Stonetrust’s growth and success in Oklahoma. The company expressed gratitude for the ongoing commitment and support from its agency partners, emphasizing that Stonetrust’s continued success is largely due to these strong collaborations.

Looking ahead to 2024, Stonetrust remains focused on maintaining its growth trajectory and delivering excellent results, even in the face of evolving market conditions and technological advancements. For a full view of the company’s financial results and strategic initiatives, you can download the complete 2024 Stonetrust Annual Report below.

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2023 STONETRUST ANNUAL REPORT

Posted on July 25, 2023 by Kim Leger - Uncategorized

Stonetrust is proud to announce the release of the 2023 Stonetrust Annual Report, highlighting a year of strong financial performance, operational success, and milestone achievements. This report provides a comprehensive overview of the company’s performance, including A.M. Best’s recent affirmation of Stonetrust’s A- rating, demonstrating continued financial stability and commitment to excellence in workers’ compensation insurance. For more information on industry standards and the role of financial ratings in insurance, visit A.M. Best to learn how companies like Stonetrust are evaluated.

The 2023 Stonetrust Annual Report also celebrates Stonetrust’s 30th anniversary, showcasing the growth and development of the company since its founding in 1993. A special agency spotlight highlights the partnerships that have been integral to the company’s success, recognizing the critical role insurance agents play in delivering exceptional service to policyholders. These features underscore Stonetrust’s dedication to maintaining strong relationships, supporting agencies, and fostering a collaborative insurance community.

Readers will find detailed financial information, including updated earnings, underwriting results, and investment performance, demonstrating the company’s consistent ability to navigate a competitive market while maintaining a solid balance sheet. The report reflects Stonetrust’s long-term commitment to providing reliable coverage and personalized service for businesses across multiple industries.

The 2023 Stonetrust Annual Report also reinforces the company’s strategic focus on innovation, safety operations, and policyholder support, showing how Stonetrust continues to enhance the insurance experience for all clients. By reviewing the report, stakeholders can gain insight into Stonetrust’s approach to sustainable growth and its dedication to delivering dependable results year after year.

The 2023 Stonetrust Annual Report is a testament to the company’s unwavering commitment to financial strength, operational excellence, and meaningful partnerships that have shaped three decades of trusted insurance service.

For more information about Stonetrust services, agents, or claims, explore our Agent Portal or Policyholder Portal.

View Annual Report

STONETRUST ENTERS IOWA & GEORGIA

Posted on September 1, 2022 by Chelsea Stiebing - Uncategorized

Expanding Worker’s Compensation Coverage

Baton Rouge, LA – Stonetrust enters Iowa and Georgia, offering employers reliable workers’ compensation coverage starting October 1st, 2022. This expansion follows the company’s recent Financial Strength Rating (FSR) upgrade to A- Excellent by AM Best. With this move, Stonetrust continues to grow its “First Choice” brand, providing businesses in new states with trusted insurance solutions and strong support through agent partnerships.

“We are excited to begin writing coverage in Iowa and Georgia and look forward to growing our ‘First Choice’ brand in both states,” said Michael G. Dileo, CEO and President. “This is a natural step in our expansion strategy, and we believe our commitment to excellent service and strong agent relationships will make a positive impact for employers in these markets.”

Stonetrust enters Iowa and Georgia as part of its broader regional growth strategy, extending its reliable workers’ compensation and employers’ liability coverage to new businesses. The company has a strong presence throughout the Southeast and recently expanded into Alabama and Kansas in 2021. By entering these new states, Stonetrust aims to bring its reputation for reliability and service excellence to employers in construction, wholesale, retail, manufacturing, and service-related industries.

The company emphasizes building strong relationships with agent partners, ensuring that businesses receive personalized support and guidance throughout the insurance process. Stonetrust’s expansion is part of a broader growth strategy designed to serve more employers while maintaining high standards of service, competitive rates, and compliance with state regulations.

About Stonetrust
Founded in Nebraska, Stonetrust Workers’ Compensation Insurance Company offers coverage in twelve states, providing businesses with comprehensive workers’ compensation insurance solutions. The company continues to prioritize quality service, strong agent relationships, and coverage that meets the specific needs of employers in multiple industries.

For more information about establishing an agency partnership in Iowa or Georgia, contact:
Rachel Kight, Underwriting Production Manager
Phone: (225) 201-8073
Email: rachel.kight@stonetrustinsurance.com

View Press Release

For information about establishing an agency partnership with Stonetrust in Iowa or Georgia, please contact us.

STONETRUST ENTERS KANSAS & ALABAMA

Posted on December 19, 2021 by Chelsea Stiebing - Uncategorized

Stonetrust Workers’ Compensation President and CEO Michael G. Dileo announced today that the company is now writing workers’ compensation coverage in Kansas and Alabama effective January 1, 2022.

“I’m excited to announce that we’re now offering workers’ compensation coverage and services in Kansas and Alabama as part of our evolving plans for regional expansion,” said Dileo. “Our focus is to continue providing great service to our loyal agents, their policyholders and their injured employees. We are also currently working on plans to enter Iowa and Georgia by the end of 2022.”

This expansion into Kansas and Alabama reflects Stonetrust’s continued commitment to strategic regional growth in markets that align with its workers’ compensation expertise. By entering these states, the company strengthens its ability to support agents operating across multiple jurisdictions while maintaining consistent service standards for policyholders.

The addition of new states also enhances Stonetrust’s footprint in key industries such as construction, healthcare, manufacturing, and retail, where demand for specialized workers’ compensation coverage continues to grow. As the company looks ahead to further expansion into additional states, Iowa and Georgia, this growth strategy reinforces its focus on building long-term partnerships with agents and employers throughout the Midwest and Southeastern United States.

Stonetrust now operates in ten states, including Louisiana, Texas, Oklahoma, Arkansas, Mississippi, Nebraska, Missouri, Tennessee, Kansas, and Alabama, continuing its steady growth across the Midwest and Southeastern United States.

The company specializes in statutory workers’ compensation insurance for employers of all sizes, with a strong focus on industries such as healthcare, construction, wholesale, retail, manufacturing, and other service-related businesses.

Headquartered in Baton Rouge, Louisiana, Stonetrust provides workers’ compensation and employers’ liability coverage designed to support both small businesses and larger employers with consistent service and industry-focused expertise.

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