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My Compass Group

13800 Coppermine Road, Herndon, VA 20171

877-521-1388

Griffin-Owens Insurance Specialists

847 Station Street, Herndon, VA 20170

(703) 471-0050

My Compass Group

13800 Coppermine Road, Herndon, VA 20171
877-521-1388

Griffin-Owens Insurance Specialists

847 Station Street, Herndon, VA 20170
(703) 471-0050

2023 Annual Report

Lines of business icons for page one of 2023 annual report

To our policyholders:

For over 150 years, Rockingham Insurance has protected the things that matter. We have provided reliable coverage for your home, auto, and farms by establishing a reputation for delivering on our promises and building long-lasting relationships.

We are optimistic about the future and committed to our company's continued improvement and success. Reflecting on 2023, much like 2022, the insurance industry has been impacted by increased inflation and weather volatility which leads to higher claims expenses. To meet our steadfast commitment to ensuring long-term stability and financial security for our policyholders and communities, we continuously monitor and adapt our price, product offerings, and agency distribution channels.

Rockingham Insurance remains committed to operating with steadfast resilience and is dedicated to enhancing operational efficiency and strengthening our personal lines offerings.

We’re here to help by providing caring and committed service to our policyholders, employees, and neighbors daily. Service means honoring our promises from the initial quote to closing a claim. Our agents become trusted advisors and friends, delivering reliable coverage and peace of mind.

I, along with the Board of Directors, agents, management, and staff, thank you for your continued trust in serving your insurance needs.

Robert L. Lyon, President & Chief Executive Officer

Wherever you are, we're here.®

EXECUTIVE OFFICERS

  • Robert Lyon - President and CEO
  • William Bayer - Customer Experience, Marketing and Sales
  • Chad Covelli - Personal Lines and Analytics
  • Marcy Engle - Human Resources
  • Karl Hancock - Claims
  • Kristi Harold - Information Technology & Security
  • John Schwertfuehrer - Finance
  • Deborah Van Horn - Specialty
  • Kevin Vance - Risk Management

BOARD OF DIRECTORS

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

BALANCE SHEET


CONSOLIDATED BALANCE SHEET (IN 000’S) | AS OF DECEMBER 31, 2023 AND 2022

Assets20232022
Bonds$ 140,614$ 136,733
Preferred Stocks-500
Common Stocks 19,94222,933
Cash & Short Term Investments6,17326,516
Real Estate1,3411,418
Uncollected Premiums28,18631,404
Surplus Note Receivable-15,000
Other Assets11,2322,949
TOTAL ASSETS$207,488$243,453
LIABILITIES & SURPLUS20232022
Losses & Loss Adjustment Expenses$ 82,636$79,920
Unearned Premiums63,18879,858
Other Liabilities6,94914,247
Total Liabilities152,773174,025
Surplus Note15,00015,000
Surplus39,71554,428
TOTAL LIABILITIES & SURPLUS$207,488$243,453

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

Strategic Goals


AGILE WORKFORCE

Cultivating an agile, resilient, and sustainable workforce that embraces professional growth opportunities and supports business strategy

BUSINESS SEGMENT

Profitably grow the personal lines business segment supported by effective shared services

CAPITAL TO GROW

Ensuring our capital adequacy

DIGITAL TRANSFORMATION

Digitally and operationally transform the way we serve our policyholders

We are members of the following insurance-related organizations:

IIHS
Professional Insurance Agents logo
VAMIC
PAMIC
Drive Smart
IIBHS
NAMIC

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