A Lasting Legacy
60 Years of Keeping Promises
2019 began with great anticipation of our 60th anniversary. Yearlong celebrations gave us pause to reflect on our founders, early board members and former teammates who created our foundation and culture of success. From our humble beginnings in 1959 to today, our business is based on a guiding principle of being true to our word: “doing what we say we’ll do.”
FCCI’s success is built upon our partnerships with our trusted agents and our ability to maintain exceptional financial strength through disciplined growth, adherence to sound underwriting principles, providing unparalleled claim service and expertise, and stewardship of our resources. We continue to be committed to building and strengthening the FCCI brand, especially in markets that are new to FCCI. The charitable spirit of our teammates is remarkable. This past year, the highest number of volunteer hours in our 60-year history was recorded. Teammates volunteered more than 4,424 hours to serve and improve lives in our communities. Charitable giving is an important part of who we are.
We finished the year strong with a total of $843.9 million in direct written premium, a new record for FCCI. We earned a profit of $80.6 million and generated a combined ratio of 102.4%, despite the complexity of severity in our workers’ compensation and commercial auto lines of business. These solid results reflect our continued efforts to strengthen our underwriting on construction defect coverage, especially in Florida.
We also faced a mandatory Florida workers’ compensation rate decrease as well as absorbed the impact of social inflation across our book of business.
One area particularly worth highlighting is our investment portfolio, which has reached $1.98 billion and continues to be invested in a conservative and diversified manner, generating sizable investment income and allowing more affordable coverage to our precious policyholders.
The implementation of FCCI’s new technology is certain to help create efficiencies and a greater ease-of-doing-business for our customers. We are beginning to see those investments pay off through the leveraging of data and analytics capabilities and strategies to address both traditional and emerging risk.
FCCI will always remain a relationship company, valuing our partners and driving mutual success.
Finally, we launched a business owner initiative. We asked each of our 842 teammates to suggest ways in which they can positively influence our productivity and efficiency.

This initiative has the potential to financially impact our bottom line in the millions of dollars while placing greater empowerment in our teammates’ hands.
In closing, we could not be prouder of our 60-year history, our teammates, our board, our agency partners and policyholders. Thank you for being part of our 60-year journey and helping to create a lasting legacy!
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2019 Corporate Highlights
Download our full financial statements
Consolidated Financial Statements As of and for the Years Ended December 31, 2019 and 2018
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