News

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…

AM Best, the world’s largest rating agency for the insurance industry, has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) for EIM. The outlook for each rating is affirmed as stable. AM Best noted that EIM’s ratings reflect EIM’s balance sheet strength (assessed…