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Pennsylvania Lumbermens Mutual Insurance Company for wood products industry
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Download PDF

Download PLM's 2024 Annual Report

(Note: file size 15.9MB)

  • PLM ended 2024 with a combined ratio of 97.95%.

  • There were 12,050 inforce policies and a total of 5,687 accounts with PLM at the end of 2024.

  • We wrote 798 new accounts generating over $49.7 million of new business premium in 2024.

  • We wrote $488.4 million in direct written premium in 2024 with a 90% policy count retention and 102.33% premium retention.

  • 100% of PLM employees in professional development in 2024. A total of 197 exams were passed with 53 designations earned through The Institutes.

  • We were recognized as one of the 2024 Top Workplaces in the Greater Philadelphia area by The Philadelphia Inquirer for the sixth year in a row.

  • PLM participated in a total of 235 shows – 134 wood industry events and 101 insurance related events. A total of 105 different PLM employees attended these shows.

  • Over 2,297 brokers partner with PLM throughout the continental U.S.

  • Our NPS score for 2024 was 79.05.

PLM - AM Best Rating of A-

A.M. Best Rating

A- (Excellent) for 2025 with a Stable Outlook by A.M. Best Rating Services, Inc., the insurance credit rating source. Financial Size Category: VIII (USD 100 Million to Less than 250 Million); Affirmed: March 13, 2025.

Pennsylvania Lumbermens Mutual Insurance Company
One Commerce Square
2005 Market Street, Suite 1200
Philadelphia, PA 19103

Toll Free: 1.800.752.1895
Fax: 215.625.9097
CustServ@plmins.com

              
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