In May 2018, A.M. Best revised the outlook from stable to positive for EIM’s Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Long-Term ICR of “a”. Additionally, A.M. Best affirmed EIM’s Financial Strength Rating (FSR) of A (Excellent) with a stable outlook. As part of the rating upgrade, Best noted EIM’s balance sheet strength, categorized by A.M. Best as “strongest,” along with the company’s operating performance, business profile and enterprise risk management process.
The Long-Term ICR outlook reflects the positive overall favorable operating performance which, according to Best, “continue[s] to enhance EIM’s already solid balance sheet strength….” Best also noted that, “These positive rating factors are derived from EIM’s specialized expertise in providing insurance and risk management information and service to its members from the energy utility sector, as well as its ability to generate business opportunities through its niche market strategy.”
Good news for EIM in its ongoing efforts to deliver value to Member Companies.