A Year of Yes to the Best - 2023 Annual Report

April 22, 2024

What a year of Yes to the Best! Merchants Bonding Company marked its 90th anniversary with a huge hiring initiative, investments in transformational technology, unmatched agent progress, record-breaking fundraising, amazing celebrations, and for the first time in company history – finishing the year in the industry’s top 10, ranked number 8 in the U.S.

View the 2023 Annual Report HERE

Financial Highlights

Merchants continues to achieve outstanding financial results including a record-high direct written premium, and a record-high surplus. 

Successes & Celebrations

Guided by strategic priorities, Merchants’ associates focused their energies on a number of major undertakings. One of the year’s biggest successes is a powerful new online bonding solution, the Hub Express, with the potential to change the landscape of commercial surety.  Other wins include the evolution of our Rapid Access Program for instant contract bonds, and an unprecedented hiring initiative to better fulfill the growing demands on the company.  And because celebrating and having fun is actually one of the company's core values, we couldn't let our 90th go by without an epic celebration that included all associates from across the country!

For more information about the performance of Merchants Bonding Company’s and the Merchants Bonding Company Foundation please see our 2023 Annual Report.