Financial Statements

Beacon Mutual is proud to support the Rhode Island business community by providing a local source of workers’ compensation insurance. Headquartered in Warwick, we partner with independent insurance agents to write more business in Rhode Island than any other property-casualty insurance company. We have over 11,500 policyholders and insure nearly 60 percent of Rhode Island’s Workers’ Compensation market.

We are financially secure, with over $423 million in assets as of December 31, 2010 and $1.76 in surplus for every premium dollar written. Since writing our first policy in 1992, we have helped to stabilize the workers’ compensation market and lower costs. The average premium per $100 in payroll charged to Beacon policyholders has been reduced from $3.93 in 1993 to $1.66 in 2010.

Our financial statements for the last five years can be accessed by using the drop down boxes below: