Latest results show insurer reached several historic milestones
2025 was a banner year for Vermont Mutual, with the company reaching several historic milestones according to the latest results announced at its annual meeting on April 15, 2026. Among the most impressive, the Montpelier-based mutual insurer posted a record $101 million in underwriting income and a 19.2% increase in surplus to a record high of $1 billion.
Board Chair, President and CEO of Vermont Mutual, Mark McDonnell, remarked “Results for 2025 stand out as one of the most exceptional years in our company’s history. One notable achievement was surpassing the $1 billion mark in policyholder surplus. McDonnell added “Additionally, our agency partners favored us with over $85 million in new business, the second highest annual production in our 197-year history. Along with solid retention, we were able to produce a 5.9% increase of total written premium, bringing it to a record high of $860 million.”
In other business at the annual meeting, the following officers were re-elected by the Vermont Mutual Board of Directors:
- Mark J. McDonnell, Board Chair, President & Chief Executive Officer
- Brody N. Gilbert, Executive Vice President & Chief Operating Officer
- Jonathan R. Becker, Vice President & Chief Underwriting Officer
- William J. Cahill, Vice President & Chief Legal Officer & Secretary
- David N. DeLuca, Vice President & Chief Claims Officer
- Shaun P.T. Farley, Vice President & Chief Marketing Officer
- Samuel J. Hopkins, Vice President & Chief Information Officer
- Sarah B. Young, Vice President & Chief People Officer
- Joshua J. Wykle, Vice President, Chief Strategy & Innovation Officer
More about Vermont Mutual
Vermont Mutual Insurance Group® is a trade name of Vermont Mutual Insurance Company, Northern Security Insurance Company, Inc. and Granite Security Insurance Company. Chartered in 1828, Vermont Mutual is one of the ten oldest mutual property/casualty insurers in the United States and provides coverage throughout New England and upstate New York. Through more than 600 independent agencies, the Group insures 320,000 policyholders, with a direct written premium of $860,000,000. The group is rated “A Excellent” by A. M. Best and a Ward’s Top 50 performing property/casualty insurer in the U.S. for the past 17 consecutive years. For more information, visit: VermontMutual.com.
