In September 2019, EIM reported that the Board had approved a supplemental distribution of $25 million to be paid on or before November 30 to members of record as of September 30, 2019. At the most recent Board meeting, held last week on November 14, 2019, the Board approved an increase of the supplemental distribution from $25 million to $50 million.
EIM will be sending the supplemental distribution to members later this week. The payment of this supplemental distribution will bring paid distributions for the 2019 calendar year to $100 million.
The increased supplemental distribution is a reflection of ongoing member support which has enabled EIM to continue to grow its capital base over the course of the year while providing additional GL limits, expanding capacity on other existing lines of business, and disbursing over $160 million in gross loss payments. Your ongoing loyalty and endorsement are greatly appreciated
Individual company distribution amounts will be posted on the EIM member portal by close of business on Tuesday, November 19.