AM Best Affirms EIM’s “A” Rating

On June 16, 2022, AM Best affirmed EIM’s Financial Strength Rating (FSR) and Issuer Credit Rating (ICR) of “A” (Stable) and “a” (Stable), respectively. This affirmation marks 29 consecutive years EIM has earned an A rating from AM Best.

In affirming both ratings, AM 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” and that EIM’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, AM Best concluded, “EIM has produced excellent pre-distribution operating results in each year of the most recent five-year period through year-end December 31, 2021, as evidenced by the company’s operating ratio, although earnings have varied from year to year.”

Lastly, AM Best continued to view EIM’s enterprise risk management process positively, stating, “EIM’s ERM process is designed to identify and monitor the various risks attendant to the company’s business activities as risk tolerance is an essential part of its key strategic decisions and long-term goals.”

EIM is pleased to offer capacity that has been rated “Excellent” by AM Best continuously since 1993. We remain committed to maintaining a long-term, stable underwriting, financial and operational foundation upon which to meet member company risk management needs.

Thanks to all for the opportunity to be of service to our membership.  Sincerely, Tommy Bolton President and Chief Executive Officer