Business and Finance Business and Finance
Mon, November 21, 2011

A.M. Best Affirms Ratings of Employers Holdings, Inc. and its Subsidiaries


Published on 2011-11-21 11:36:21 - Market Wire
  Print publication without navigation


RENO, Nev.--([ ])--Employers Holdings, Inc. (NYSE: EIG) (EMPLOYERS) today announced insurance rating bureau A.M. Best has affirmed the financial strength rating of A- (Excellent) and issuer credit ratings (ICR) of "a-" of Employers Insurance Group and its four pooled property/casualty operating subsidiaries, Employers Insurance Company of Nevada (EICN) (Nevada), Employers Compensation Insurance Company (ECIC) (California), Employers Preferred Insurance Company (EPIC) and Employers Assurance Company (EAC) (both of Florida). Concurrently, A.M. Best has affirmed the ICR of abbb-a of EMPLOYERSa parent holding company, Employers Holdings, Inc. The outlook for all ratings is stable.

"We are pleased that A.M. Best has once again recognized EMPLOYERS strong operating performance and market expertise"

The affirmation of the ratings reflects EMPLOYERSa favorable capitalization, historically strong operating performance and managementas market expertise. Additionally, the consolidated groupas favorable operating performance is a function of its strict underwriting guidelines, conservative investment policy and prudent capital management. EMPLOYERS also benefits from the financial flexibility provided by Employers Holdings, Inc.

aWe are pleased that A.M. Best has once again recognized EMPLOYERS strong operating performance and market expertise,a said Douglas Dirks, President and CEO of EMPLOYERS. aGiven our favorable capitalization of the consolidated group and strict underwriting guidelines, we are pleased to maintain an excellent rating of A- from A.M. Best.a

For Bestas Credit Ratings, an overview of the rating process and rating methodologies, please visit [ www.ambest.com/ratings ]. The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at [ www.ambest.com/ratings/methodology ].

About A.M. Best Company

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit [ www.ambest.com ].

About Employers Holdings, Inc.

Employers Holdings, Inc. (NYSE: EIG) is a holding company with subsidiaries that are specialty providers of workers' compensation insurance and services focused on select small businesses engaged in low-to-medium hazard industries. The company, through its subsidiaries, operates throughout the United States. Insurance is offered by Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, and Employers Assurance Company, all rated A- (Excellent) by A.M. Best Company. Additional information can be found at: [ www.employers.com ].

Copyright 2011 EMPLOYERS. All rights reserved. EMPLOYERS and America's small business insurance specialist. are registered trademarks of Employers Insurance Company of Nevada.

Contributing Sources