Amica Mutual Insurance Co. boosted its net income, added 46,000 more policies and improved its combined ratio in 2014, the insurer disclosed this week.

“It was a year everything came together,” Amica Chairman, President and CEO Robert DiMuccio said in prepared remarks issued Feb. 12 after the company’s annual meeting. “We’ve proven that a disciplined underwriting philosophy, sound claims handling and a prudent investment strategy are the keys to our success.”

A relatively quiet year in terms of weather-related events also helped along with solid investment market results, Amica noted in its earnings announcement.

Amica booked $188.1 million in net income in 2014, up from $149.5 million in 2013, the company said. Crucially, the insurer’s combined ratio landed at 98.3, a small improvement over the 99.4 combined ratio generated last year.

Amica said the 46,000 new policies put in force in 2014 reflect a 3.3 percent growth rate over 2013, the highest since 2010. Those gains came, in part, from sales and marketing initiatives focused on increasing brand awareness, expanded product offerings and entering targeted markets, the company added.

DiMuccio also noted that subsidiary Amica Life Insurance Company is also performing well, with $34.6 billion in life insurance in force in 2014, an increase over $32.5 billon in 2013. For this division, new business in force grew 13 percent during the year versus 2013.

Amica, based in Lincoln, R.I, is a national writer of auto, home, marine and umbrella insurance, with 3,400 employees in 44 offices around the country. Amica Life Insurance Company is a wholly-owned subsidiary.

Source: Amica Mutual Insurance Co.