Corporate & Financial Information
Current Financials
3rd Quarter 2025 Financial Commentary
Energy Insurance Mutual Limited reported a $185.3 million gain on surplus for the nine months ending September 30, 2025, outperforming its budgeted $61.6 million and last year’s $124.2 million. Investment income reached $191.8 million (up from $180.9 million in 2024), while underwriting brought in $41.5 million versus a prior loss of $25.2 million.
Key 2025 highlights:
- $25.0 million distribution paid in March to members as of December 31, 2024.
- Surplus rose to $1.5 billion, up $182.3 million (13.7%).
- Combined ratio improved to 87.9% (down from 109.8% last year).
- Membership retention stood at 99%.
- Investment returns hit 7.1%, beating the 4.2% budget, with gains from international equities (23.7%), US equities (13.0%), fixed income (5.5%), and alternatives (5.6%).
Corporate Governance
Board of Directors
Corynne Arnett
Executive Vice President and Chief Regulatory and Customer Officer
Dominion Energy, Inc
Brian B. Bird
President and Chief Executive Officer
NorthWestern Energy
G. Thomas Bolton, III
President and Chief Executive Officer
Energy Insurance Mutual Limited
Marcus V. Brown
Executive Vice President and General Counsel
Entergy Corporation
Giles Carmichael
Chancery Chambers, Partner
Rejji Hayes
Executive Vice President and Chief Financial Officer
CMS Energy Corporation
Kodwo Ghartey-Tagoe
Executive Vice President and CEO, Duke Energy Carolinas
Head of Natural Gas Business Unit
Duke Energy
Jeanne Jones
Executive Vice President and Chief Financial Officer
Exelon Corporation
Martin J. Lyons, Jr.
President and Chief Executive Officer
Ameren
Amanda Rome
Executive Vice President and Group President - Utilities, Chief Customer Officer
Xcel Energy Inc.
Dan S. Tucker
Executive Vice President and Chief Financial Officer (Retired)
Southern Company
Officers
Martin J. Lyons, Jr., Ameren
Chair
Kodwo Ghartey-Tagoe, Duke Energy
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
Laura Lam
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
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.