About Us
Over 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
2017 is in the books and it’s a pleasure to share our results with you again after another fine year for Wolverine Mutual. We continued our historical trend of marginally profitable year end numbers. If we make any profit we consider it a strong year. Our goal is to price our policies to generate something close to break even. Near break-even results confirm that we are providing insurance at the lowest sustainable rate over the long term, guaranteeing our commitment to our agents and policyholders to be here for you in time of need. We must be doing something right----100 years and counting!
Our 97% combined ratio, 8.4% surplus growth to $23.9 million, and substantially enhanced writings to surplus ratio of 1.34 to 1 confirm Wolverine is on solid ground, consistently moving to strengthen and improve our financial performance. We cannot do this without the invaluable assistance of our extraordinary team of independent agents. We rely on you introduce Wolverine to your customers and to assist us in making service matter.
Nevertheless the insurance market is not without its challenges. We find our size to be of great advantage when it comes to direct customer service to all of our stakeholders. However, the “big dogs” are constantly challenging us in many different ways. Ever see an ad for auto insurance on TV? Wolverine has finally found the right partner on the technology front and will be rolling out new “ease of use” internet services in 2018. We can’t wait! We know you will be pleasantly surprised and welcoming to these new products and services, designed solely for the benefit of our policyholders and agents.
Our best wishes to our entire community of friends and partners. We are happy to address any questions or ideas you may have that might result in constructive improvement of the personal lines insurance buying, servicing and/or claims experience. How can we help you?
Sincerely,
James S. Laing
President
| Key Financial Data |
2017 |
2016 |
| Assets |
$56,389,691 |
$56,919,751 |
| Liabilities |
$32,501,786 |
$34,869,673 |
| Policyholder's Surplus |
$23,887,905 |
$22,050,078 |
| Direct Premiums Written |
$41,212,284 |
$43,738,246 |
| Net Premiums Earned |
$32,726,019 |
$35,147,344 |
| Losses Incurred |
$15,897,344 |
$19,646,870 |
| Loss Ratio |
48.6% |
55.9% |
| Combined Ratio |
97.1% |
98.4% |
| RATIO-NET WRITTEN PREMIUM TO SURPLUS |
1.34 |
1.56 |
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 |
| David M. Peterson |
General Counsel, Vice President- Claims |
| William T. Jennings |
Vice President- Underwriting |
| David L. Moran |
Vice President- Marketing |
| Charles J. Banyai |
Treasurer & CFO |
| 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 |
| Rhonda deVarona |
Claims Coordinator |
| Sarah M. Northrup |
Underwriting Coordinator |
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