Monday, May 9, 2011

CHAIRMAN’S MESSAGE ANNUAL REPORT 2010

Time moves very fast, especially when you get older. It seems only a short time ago we hired Bill Kliethermes as Rockford’s CEO. That was 20 years ago. His tenure at Rockford Mutual was marked by tremendous strides in building financial stability in our Company, whose past 90 years was tainted by a lack of solid growth. Rockford’s financial condition gave little chance for us to build a strong company consistent with our peers. After a few years of having to plug holes in the dike from our past and building a strong team of associates, Rockford started moving forward slowly, then rapidly until we achieved an AM Best Rating of A-. These years have given Rockford a foundation to become a leading regional carrier for the years to come. We congratulate Bill on a fine career and wish he and Cathy the best in future years.

The Board of Directors led by Search Committee Chairman Robert Brynolf, set out to find a replacement that could put our Company on the map for the future. Joseph DeChatelets comes to us with plans to move the company to new levels of achievements not thought possible a few years ago. His extensive background in management and insurance offers great possibilities for our future. We are confident Joseph is the right man at the right time for our company.

Rockford Mutual’s future will encompass growth, broader product offerings, policy development, education and professional delivery to the thousands of customers we serve. We are committed to meet those challenges. Rockford Mutual is positioned for our agents and our insureds to expect better service and products from our company beyond anything we have done in our long history. We are confident, as our competition says “we are in good hands” with Joseph DeChatelets.

The Board of Directors and associates welcome Joseph DeChatelets to Rockford Mutual.

As always, on behalf of all the Rockford Mutual associates and Directors, I thank our agents and customers for their business and support.

Dwight V. Shore
Chairman of the Board

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