Corporate & Financial Information

Current Financials

Corporate Governance

Annual Reports

Leadership

Members' Reports

Enterprise Risk Mgmt.

Current Financials

1st Quarter 2025 Financial Commentary

Energy Insurance Mutual Limited (“EIM”) recorded a gain on surplus of $10.8 million for the three months ended March 31, 2025. This was driven by positive investment market performance partially offset by a small underwriting loss. This compares to a budgeted net income of $12.7 million for the first quarter and $32.4 million for the same period 2024.

EIM’s investment income totaled $39.7 million for the first three months of 2025 compared to $54.7 million for the same period 2024. EIM recorded an underwriting loss of $26.3 million in the first quarter compared to a loss of $13.8 million for the same period prior year.

Highlights from 2025 include:

  • Distribution of $25.0 million paid in March 2025 to members of record at December 31, 2024.
  • Surplus of $1.36 billion, an increase of $10.8 million or 0.8% for quarter.
  • Combined ratio of 122.4% for the first three months 2025 as compared to 116.5% for the same period prior year.
  • Membership retention of 100% was achieved in the first three months of 2025.

EIM had a return on investments of 1.5% compared to a budgeted return of 1.4% for the first quarter of 2025. The return is a result of gains on international equities of 6.2%, fixed income securities of 2.2%, alternative investment securities of 0.9% and US equities of (1.9%).

Corporate Governance

Board of Directors

  • Corynne Arnett

    Executive Vice President Regulatory Affairs and Customer Experience
    Dominion Energy, Inc

  • Brian B. Bird, President and Chief Executive Officer, NorthWestern Energy

    Brian B. Bird

    President and Chief Executive Officer
    NorthWestern Energy

  • G. Thomas Bolton, III President and Chief Executive Officer Energy Insurance Mutual Limited

    G. Thomas Bolton, III

    President and Chief Executive Officer
    Energy Insurance Mutual Limited

  • Marcus V. Brown - Executive Vice President and General Counsel

    Marcus V. Brown

    Executive Vice President and General Counsel
    Entergy Corporation

  • Carmichael_Giles_2024

    Giles Carmichael

    Chancery Chambers, Partner

  • Rejji Hayes

    Executive Vice President and Chief Financial Officer
    CMS Energy Corporation

  • Kodwo Ghartey-Tagoe Executive Vice President, Chief Legal Officer and Corporate Secretary Duke Energy

    Kodwo Ghartey-Tagoe

    Executive Vice President, Chief Legal Officer and Corporate Secretary
    Duke Energy

  • Jeanne Jones

    Jeanne Jones

    Executive Vice President and Chief Financial Officer
    Exelon Corporation

  • Martin J. Lyons, Jr. President and Chief Executive Officer Ameren

    Martin J. Lyons, Jr.

    President and Chief Executive Officer
    Ameren

  • Amanda Rome, Executive Vice President, Chief Legal and Compliance Officer, Xcel Energy

    Amanda Rome

    Executive Vice President, Group President - Utilities, Chief Customer Officer
    Xcel Energy Inc.

  • Dan S. Tucker, Executive Vice President and Chief Financial Officer, Southern Company

    Dan S. Tucker

    Executive Vice President and Chief Financial Officer
    Southern Company

Officers

Marcus V. Brown, Entergy Corporation
Chair

Martin J. Lyons, Jr., Ameren
Vice-Chair

G. Thomas Bolton, III
President and Chief Executive Officer

Chancery Corporate Services Limited
Assistant Corporate Secretary

M. Cindy Dobbins
Vice President – Chief Claims Officer

Jill C. Dominguez
Vice President – Chief Underwriting Officer

Tanner V. McAndrew
Vice President – Risk Management and Corporate Strategy

Megan E. Ogden
Vice President – Captive Subsidiaries

Jeffrey M. Tkacz
Vice President – Chief Financial Officer

Kevin R. Wolff
Vice President – General Counsel and Corporate Secretary

Leadership

Tommy Bolton

President and Chief Executive Officer

Cindy Dobbins

Vice President – Chief Claims Officer

Jill Dominguez

Vice President - Chief Underwriting Officer

Tanner McAndrew

Vice President – Risk Management and Corporate Strategy

Megan Ogden

Vice President – Captive Subsidiaries

Jeff Tkacz

Vice President - Chief Financial Officer

Kevin Wolff

Vice President, General Counsel and Corporate Secretary

Enterprise Risk Management

ERM (Enterprise Risk Management) plays an integral role in how EIM manages our business. As such, the ERM Committee, reporting to the Board of Directors, has defined the Company's risk tolerance policy as follows.

Corporate Risk Tolerance

We have set our corporate risk tolerance at being able to withstand a  modeled 1/200 VaR annual aggregate occurrence and maintain an "A" rating by AM Best on an entity wide level.  The related categories include reserve, underwriting, operational, investment, catastrophe and reinsurer credit risk.  Risk capacity is the percentage at or above this level and is used to measure how effectively the Company is managing risk on a quarterly basis.