Corporate & Financial Information

Current Financials

Corporate Governance

Annual Reports

Leadership

Members' Reports

Enterprise Risk Mgmt.

Current Financials

2nd Quarter 2021 Financial Commentary

Energy Insurance Mutual Limited (“EIM”) recorded a gain on surplus
of $57.4 million for the six months ended June 30, 2021 compared to
$3.3 million for the same period in 2020. EIM recorded income from
underwriting of $0.5 million compared to a loss of ($3.7) million in the
prior year.

EIM had investment income of $70.6 million for the first six months of
2021 compared to a loss of ($3.1) million for the same period in 2020.
Current year investment results were impacted by favorable equity
market performance.

Highlights from 2021 include:

  • Distribution of $50.0 million paid in March 2021 to members of record at December 31, 2020.
  • Policyholders’ Surplus of $1.2 billion, an increase of 57.4 million or 4.8% for the year.
  • Combined ratio of 99.5% for the first six months 2021 as compared to 1036.6% for the same period prior year.
  • Membership retention of 99% was achieved in the first six months of 2021.

EIM’s return on investments of 4.08% compared to a benchmark return of 4.12%. The return is a result of gains on US equities of 14.48%, international equities of 9.83%, alternative investment securities of 4.35% and losses on fixed income securities of (.01%).

 

Corporate Governance

Board of Directors

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

Marcus V. Brown
Executive Vice President and General Counsel
Entergy Corporation

Trevor A. Carmichael
Barrister at Law
Barbados Counsel

Marian M. Durkin
Avista Corporation (retired)

Benjamin G. S. Fowke, III
Chairman and Chief Executive Officer
Xcel Energy Inc.

Mary E. Kipp
President and CEO
Puget Sound Energy

James R. Hatfield
Executive Vice President & Chief Administrative Officer
Pinnacle West Capital Corporation/APS

David E. Meador
Vice Chairman and Chief Administrative Officer
DTE Energy

Carter M. Reid
Executive Vice President, Chief of Staff and Corporate Secretary and President-Dominion Energy Services
Dominion Energy, Inc.

M. Bridget Reidy
Executive Vice President, Corporate Operations, Exelon BSC
Exelon Corporation

Brian X. Tierney
Senior Managing Director
Blackstone Infrastructure Partners

Rudolph L. Wynter
President and COO,  Wholesale Networks and US Capital Delivery
National Grid

Officers

Carter M. Reid, Dominion Resources, Inc.
Chairman

Brian X. Tierney, Blackstone Infrastructure Partners
Vice Chairman

G. Thomas Bolton, III
President and Chief Executive Officer

Jill C. Dominguez
Vice President - Chief Underwriting Officer

Jeffrey M. Tkacz
Vice President - Chief Financial Officer

Ann M. Joslin
Vice President - Claims

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

Taniyka D. Ragland
Assistant Corporate Secretary

Trevor A. Carmichael
Assistant Corporate Secretary

Leadership

Tommy Bolton

President and Chief Executive Officer

Jill Dominguez

Vice President - Chief Underwriting Officer

Jeff Tkacz

Vice President - Chief Financial Officer

Kevin Wolff

Vice President, General Counsel and Corporate Secretary

Ann Joslin

Vice President – Claims Department

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 TVaR 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.