Press Releases
October 30, 2018

Pinnacol CFO Among Business Insurance’s Women to Watch

Kranz helped lead insurer to exceptional financial performance and stability

DENVER — Oct. 30, 2018 — Kathy Kranz, chief financial officer of Colorado’s leading workers’ compensation insurer, was recently named a Woman to Watch, a recognition program by Business Insurance magazine that celebrates leading women from every facet of the insurance industry. Kranz was named to the list for her superior leadership resulting in exceptional financial standing for Pinnacol.  

Kranz is credited with co-creating and leading a four-year plan that began in late 2012 to improve Pinnacol’s financial strength and stability. In 2017, Kranz led Pinnacol to exceptional financial performance, even as the workers’ comp insurance industry experienced robust competition. Pinnacol was recently named to Ward’s Top 50 list of best-performing property-casualty insurance companies in the United States, ranking the company’s financial performance in the top 2 percent of insurers. Also, since 2016, Pinnacol has issued $130 million in dividends to its policyholders.

 Since joining the company in 2008, Kranz has held the positions of financial implementation analyst, controller, associate vice president of finance and, most recently, vice president and chief financial officer. She oversees financial reporting, financial planning, enterprise risks, financial audits, actuarial and insurtech functions.
Kranz has also been involved in Pinnacol’s strategic development and innovation. She is the primary financial adviser, treasurer and chair of the audit committee for Cake, Pinnacol’s new digital platform and subsidiary that launched late in 2017. 

“Kathy’s not only an amazing financial steward of our policyholders’ premium dollars, she’s also a fine leader, adviser and mentor,” said Phil Kalin, CEO of Pinnacol Assurance. “Her commitment to our mission is one of the reasons Pinnacol will be able to continue serving Colorado businesses and communities for 100 more years.”