What you need to know regarding our response to a 2020 data security incident. Click here.

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Freeman & Sherburne, Inc. [Businessowners Elite]

7440 Heritage Village Plaza, Gainesville, VA 20155

(703) 938-8070

Gardner Insurance Agency

7900 Sudley Road, Manassas, VA 20109

(703) 257-2820

Freeman & Sherburne, Inc. [Businessowners Elite]

7440 Heritage Village Plaza, Gainesville, VA 20155
(703) 938-8070

Gardner Insurance Agency

7900 Sudley Road, Manassas, VA 20109
(703) 257-2820

2020 Annual Report

To our policyholders:

As friends and neighbors, we understand how hard you’ve worked for what you have. We’re committed to working just as hard to provide reliable coverage for your home and auto, business, or farm. Rockingham Insurance is here to help.

In response to the challenges faced by policyholders during COVID-19, Rockingham Insurance reduced auto insurance premiums. We also provided flexible payment options allowing policyholders to protect the things that matter.

The pandemic served as a motivator to accelerate our technology upgrades. Rockingham is implementing a new administration system to meet the needs of our increasingly digitally- focused customers. Our goal is to simplify insurance purchasing and service and provide a better online experience for our customers.

Our personal lines agents, commercial agencies, and specialty MGA partners highlight the strength of Rockingham Insurance relationships. Through these partnerships, we remain committed to our impact on the diverse communities we serve.

As a mutual holding company, we are well-capitalized with a strong balance sheet strength rating. Our financial stability was again confirmed with an ‘A’ Excellent rating by AM Best, the insurance industry’s credit rating agency.

The Board of Directors, management, staff, and agents thank you for trusting Rockingham Insurance for your insurance needs.

Wherever you are, we're here.®

EXECUTIVE OFFICERS

  • Robert Lyon - President and CEO
  • Lawrence Fortin - Information Technology & Security
  • William Bayer - Customer Experience and Marketing
  • Karl Hancock - Claims
  • Shawn Clavon - Commercial Lines
  • Steven Kemp - Farm
  • Chad Covelli - Personal Lines and Analytics
  • John Schwertfuehrer - Finance
  • Marcy Engle - Human Resources
  • Deborah Van Horn - Specialty

BOARD OF DIRECTORS

  • Gene Berry - Insurance
  • Robert Lyon - Insurance
  • Michelle Cox - Publishing
  • Timothy O’Shea - Insurance
  • Douglas Driver - Construction
  • Todd Putney - Healthcare
  • Roger Higgins, III - Insurance
  • Christopher Runion - Advertising
  • Anne Keeler - Education
  • Pamela Turner - Financial Services

BALANCE SHEET


CONSOLIDATED BALANCE SHEET (IN 000’S) | AS OF DECEMBER 31, 2020 AND 2019

Assets20202019
Bonds$ 112,762$ 92,087
Common Stocks 28,77126,255
Cash & Short Term Investments19,58323,635
Real Estate1,0521,087
Uncollected Premiums26,83517,631
Other Assets4,2582,347
TOTAL ASSETS$193,261$163,042
LIABILITIES & SURPLUS20202019
Losses & Loss Adjustment Expenses$ 41,816$ 30,714
Unearned Premiums59,26146,456
Other Liabilities14,80810,714
Total Liabilities115,88587,884
Surplus77,37675,158
TOTAL LIABILITIES & SURPLUS$ 193,261$ 163,042

Buffamante Whipple Buttafaro, P.C. conducts an annual independent audit of the companies’ results. Rockingham Mutual Group, Inc. is the parent company of Rockingham Group, Inc., Rockingham Insurance Company, Rockingham Casualty Company, Rockingham Mutual Service Agency, Inc, and Rockingham Specialty, Inc.

2020 COMMUNITY SUPPORT


Covid-19 Response

Pandemic support

In support of policyholders, flexible payment options were offered. In addition, Auto coverage rates were lowered at renewal.

Rockstar Responders

Recognizing local heroes

Each month, one local first responder was honored for the positive impact they made in the communities we serve.

Charlie Wampler, Jr. Community Builder Award

Giving back to the community

The United Way of Harrisonburg & Rockingham County presented the prestigious award for the programs supported in 2019, during Rockingham Insurance’s 150-year anniversary.

We are members of the following insurance-related organizations:

IIHS
PIA
VAMIC
PAMIC
Drive Smart
IIBHS
NAMIC