Merchants Reports Record 2025 Results

March 9, 2026

Merchants Bonding Company™ reported record financial results for 2025, with a 13.3 percent increase over the prior year. Company surplus hit historic highs, reinforcing Merchants' capacity to support agent partners and their clients. 

This performance comes in a year marked by economic pressure and evolving market conditions that created increased uncertainty for the clients our agents partners serve. Throughout 2025, Merchants focused on providing consistent capacity and disciplined underwriting to help our agent partners place business with confidence. 

"We are honored that our agents continue to rely on us as a stable partner, regardless of market conditions," said Larry Taylor, Chairman of the Board and President of Merchants Bonding Company. "This year's strong performance is not ours alone. It was made possible by the incredible efforts of our associates and the service we provide to our agents. We remain committed to supporting their success through our responsive relationships and common sense underwriting they have come to expect/"

Merchants' financial performance reinforces our strong position within the industry. For the third consecutive year, we have maintained our #8 national ranking* with the Surety & Fidelity Association of America (SFAA). 

Merchants continues to invest in long-term growth and initiatives designed to improve the experience for our valued agent partners, including advancements in digital capabilities and onboarding processes. 

We invite you to explore the full 2025 Annual Report for detailed financial results and strategic highlights. 

*SFAA 2025 Q3 Results