We are pleased to advise that the EIM Board of Directors at its August 2018 meeting approved a $25 million supplemental distribution to be paid on or before November 30, 2018 to all EIM Member Companies of record at September 30, 2018.
The supplemental distribution is in addition to the $40 million annual distribution provided to Members in March 2018 and reflects EIM’s strong financial performance along with the exceptional risk management efforts employed by EIM Member Companies.
EIM remains committed to its annual distribution to Members and, subject to final 2018 audited financial results and approval of the Board, EIM hopes to announce its eighth consecutive annual distribution in February 2019, payable on or about March 15, 2019.
The Board intends to review EIM’s financial position throughout the 2019 fiscal year and will consider a further supplemental distribution in the second half of 2019 as well.
The ability to return capital is a direct result of the membership’s ongoing commitment to EIM. Your continued support is essential to maintaining EIM’s excess insurance limits, continuing its meaningful coverage terms and conditions, and sustaining EIM’s lowest cost of insurance over time.
Thank you for your unwavering support and contributing to EIM’s ongoing success.