About Us
Nearly a century of exceptional service
Most days go well. Then it happens. An accident. Nasty weather. A break in. Suddenly the things you value – your home, car, motorcycle, boat and recreational vehicle or rental property – needs repair or replacing.
That’s why you want to choose an insurance carrier that strives to respond to your claim within 24 hours of receiving it. A company that works with you and your independent insurance agent so there are no “surprises” when you get your settlement. A carrier that lets you choose the repair/construction service provider so you’re confident in the quality of workmanship. Wolverine Mutual Insurance Company is the carrier you want.
Need a quote on a new policy? Your local Wolverine Mutual independent insurance agent will respond quickly to your request. Unlike discount insurance agents that limit your choices or force you to settle for an insurance package that’s “close” to the coverage you want, your Wolverine agent will listen to your actual needs. You’ll learn what are state-mandated coverages and get advice on which optional coverages best suit your circumstances. Your agent will show you what discounts you qualify for so you can save on your premiums year after year. And you’ll learn what payment plan works with your budget.
Wolverine Mutual Insurance Company has provided this outstanding insurance coverage and exceptional claims service since 1917. Now more than 45,000 policyholders in Michigan, Indiana and Wisconsin know they’ll hear “it’s protected” when the things they value are damaged or lost.
That assurance comes from Wolverine Mutual’s commitment to provide a strong financial future for its policyholders. It is a commitment that has weathered some of our nation’s toughest economic times. It is a watchful eye that responds to ever-changing coverage needs. It is a company that cares about you.
For the name of a nearby Wolverine Mutual independent insurance agent who can help you get the insurance coverage you need, click here. If we can assist you with a quote on a competitively priced policy for your car, home, motorcycle, watercraft, recreational vehicle or rental dwelling, ask today. Or contact us, if there is any additional information we can provide, including learning about joining our best-in-the-industry independent agency plant.
Annual Statement
Annual Statement
A Letter from the President
We are pleased to share with you the numbers that allow us all to rest assured that our policyholders and their assets are protected by a financially rock solid balance sheet. Perhaps the strongest “solvency” indicator in the world of Mutual Insurance and Statutory Accounting is the ratio of “net written premium to surplus.” This ratio cannot be looked at in a vacuum because it can be overcome using other financial protections such as reinsurance, but it is a number that, standing alone, confirms financial strength. For decades, Wolverine operated with a premium to surplus ratio of about 2 to 1. We are very comfortable with that ratio. Not wishing to sit still, however, we have reduced our leverage substantially over the past 24 months from 2.03 to 1 at year-end 2014 to 1.56 to 1 today. Over that same period we have increased surplus from $18 million to $22 million and assets from $50 million to $57 million.
New for 2017? We are celebrating our centennial! That’s 100 years in business and going strong. The Laing Family stewardship of Wolverine has been consistent and profitable from its founding by my Grandfather in 1917, through my Father’s guidance from the post WWII period through the turn of the century, my Brother’s for over 40 years and counting and mine over the past couple of decades. We plan to celebrate this notable achievement throughout the year by giving back to our community, employees and agents.
Sincerely,
James S. Laing
President
| Key Financial Data |
2016 |
2015 |
| Assets |
$56,919,751 |
$53,390,967 |
| Liabilities |
$34,869,673 |
$32,828,278 |
| Policyholder's Surplus |
$22,050,078 |
$20,562,689 |
| Direct Premiums Written |
$43,738,246 |
$45,960,634 |
| Net Premiums Earned |
$35,147,344 |
$36,325,982 |
| Losses Incurred |
$19,646,870 |
$18,728,848 |
| Loss Ratio |
55.9% |
51.6% |
| Combined Ratio |
98.4% |
95.1% |
| RATIO-NET WRITTEN PREMIUM TO SURPLUS |
1.56 |
1.76 |
Key People
Key People
Board of Directors
G. Bruce Laing
Chairman & Secretary
Wolverine Mutual Insurance Company, Dowagiac, Michigan
James S. Laing
President
Wolverine Mutual Insurance Company, Dowagiac, Michigan
Robert D. Gottlieb
Former CFO
Wolverine Mutual Insurance Company, Dowagiac, Michigan
Emily C. Tobias
Attorney / CPA
Birmingham, Michigan
John F. Siff
President
Prairie Realty Advisors, Inc., Chicago, Illinois
Kevin C. Childress
President / CEO
myFreightWorld Technologies, Inc.
Kansas City, Missouri
Paul W. Brown
Managing Director
Michigan eLab Capital Associates, LLC
Michigan eLab Investment Company, LLC
Ann Arbor, Michigan
Andrew G. Laing
Associate Consultant
JMH Group, Washington, D.C.
Officers and Department Heads
| G. Bruce Laing |
Chairman & Secretary |
| James S. Laing |
President |
| Sally M. Matthews |
Treasurer |
| David M. Peterson |
General Counsel, Vice President- Claims |
| William T. Jennings |
Vice President- Underwriting |
| David L. Moran |
Vice President- Marketing |
| Ryan J. Anderson |
Manager, R&D |
| James A. Eichorst |
Information Technology Manager |
| Dustin S. Rohdy |
Network Administration Manager |
| Valerie A. Coates |
Office Manager |
| Greg Cook |
Property Claims Manager |
| Charles J. Banyai |
Assistant Treasurer |
| Sarah M. Northrup |
Underwriting Coordinator |
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