EIM Board of Directors Approves $25M Member Distribution

At the EIM Board meeting on November 19th, EIM leadership recommended, and the Board of Directors approved, a member distribution of $25M for Members on record as of December 31, 2024, payable the first week of March 2025.  

Each year the Mutual evaluates its performance and the adequacy of its surplus. Recommendations are made regarding the optimal deployment of any excess surplus to benefit the Membership. In 2024, Member support on premium, claim experience within budget expectations, and strong performance of investments has generated adequate surplus to provide a $25M distribution to Members.   

Additionally, EIM’s surplus, post-distribution, will allow further exploration of opportunities for the expansion of available capacity in areas of other Member needs (wildfire liability, property, cyber). We continue to look for opportunities to enhance the value of the Mutual to its members and look forward to communicating on these topics in the future. 

Please reach out to Pete Nadel if you have any questions. 

Sincerely, Tommy Bolton President and Chief Executive Officer