RENO, Nev.--(BUSINESS WIRE)--Feb. 1, 2017--
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). Additionally, A.M. Best revised the outlook to stable
from negative. Concurrently, A.M. Best has affirmed the ICR of “bbb-” of
EMPLOYERS parent holding company, Employers Holdings, Inc.
The affirmation of the ratings and the revision upward of the outlook
reflects EMPLOYERS excellent risk-adjusted capitalization, rapidly
improving operating earnings, and significant market expertise operating
as a workers’ compensation writer. EMPLOYERS also benefits from the
financial flexibility afforded by its publicly traded parent, Employers
Holdings, Inc. (EHI). Improved underwriting margins in recent years
reflect the improved pricing flexibility through the use of multiple
writing companies within a state, combined with ongoing underwriting
initiatives, which has allowed management to focus on underperforming
classes of business as needed.
“Given the supportive capitalization of our consolidated group, strict
underwriting guidelines and consistent underwriting strategy, we are
pleased that A.M. Best has again recognized EMPLOYERS strong operating
performance and market expertise by maintaining our A- (Excellent)
rating,” said Douglas Dirks, President and CEO of EMPLOYERS.
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 in 36 states and the District of Columbia. 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 © 2017 EMPLOYERS. All rights reserved.
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Source: Employers Holdings, Inc.
Employers Holdings, Inc.
Ty Vukelich, 775-327-2677
President, Corporate Marketing
Erickson Mills, 775-327-2794
Vice President, Investor Relations