On May 13, 2019, A.M. Best affirmed EIM’s Financial Strength Rating (FSR) and Issuer Credit Rating (ICR) of “A” (Stable) and “a” (Positive), respectively.
In affirming both ratings, A.M. Best noted that EIM’s balance sheet is “underpinned by the strongest level of risk-adjusted capitalization as measured by Best’s Capital Adequacy Ratio (BCAR) model, a sound reinsurance program and generally favorable reserve development.” Further supporting EIM’s ratings, A.M. Best observed that, “The company’s capitalization is solid relative to its current business and investment risks and has been enhanced by increasing levels of surplus.”
Regarding EIM’s operating performance, A.M. Best concluded, “EIM has produced excellent pre-dividend operating results for each of the most recent five-year period through year-end December 31, 2018, as evidence by the company’s operating ratio, although earnings have varied from year to year.”
A.M. Best continued to view EIM’s enterprise risk management process positively, stating, “Decision points are analyzed using metrics such as managing risk within tolerance levels, measuring risk in an integrated manner and maintaining a strong governance process.”
EIM is pleased to offer capacity that has been rated “Excellent” by A.M. Best continuously since 1993 and remains committed to a maintaining a long-term, stable underwriting, financial and operational foundation upon which to meet member company risk management needs.