AM Best Upgrades the Financial Strength Ratings for Employers Holdings, Inc.’s Operating Subsidiaries to “A” (Excellent)

Reno, NV, January 8, 2025 – Employers Holdings, Inc. (NYSE:EIG), a leading provider of workers’ compensation insurance, is pleased to announce that AM Best has upgraded the Financial Strength Rating (FSR) of each of its insurance companies to A (Excellent) from A- (Excellent) and their Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent). Concurrently, AM Best has upgraded the Long-Term ICR of Employers Holdings, Inc. to “bbb” (Good) from “bbb-” (Good). The outlook of each of these credit ratings has also been revised to stable from positive.

“This upgrade reflects our unwavering commitment to financial strength and operational excellence,” said Katherine Antonello, President and CEO of Employers Holdings, Inc. “Our focus on disciplined underwriting, prudent risk management, and strategic investments has positioned us strongly in the workers’ compensation insurance market. This reinforces our ability to provide reliable, trusted, high-quality coverage to small businesses across the nation.”

According to a news release from AM Best, the rating upgrades are driven by Employers’ balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, limited business profile, and appropriate enterprise risk management. AM Best also noted Employers’ consistent underwriting profitability and improved underwriting margins, resulting from its multi-focus, multi-year strategy emphasizing adequate pricing, proper risk selection, expedient claims handling, and conservative investing.

As a leading provider of workers’ compensation insurance, Employers remains dedicated to serving small and mid-sized business policyholders in low to medium hazard industries. For more information about Employers and its subsidiaries, please visit www.employers.com.

AM Best is the world’s oldest and most authoritative insurance rating information source. For the latest ratings, visit www.ambest.com.

Contact Information

Media Contact: Kimberly Eye
Vice President, Marketing & Communications
(702) 671-7391 or keye@employers.com

Investor Relations Contact: Michael Pedraja
Executive Vice President, Chief Financial Officer
(775) 327-2706 or mpedraja@employers.com

About Employers Holdings, Inc.

Employers Holdings, Inc. (NYSE: EIG), is a holding company with subsidiaries that are specialty providers of workers’ compensation insurance, excess workers’ compensation, and related services (collectively “EMPLOYERS”) focused on small and mid-sized businesses engaged in lower hazard industries with its guaranteed cost product and self-insured enterprises with its excess workers compensation product. EMPLOYERS leverages over a century of experience to deliver comprehensive coverage solutions that meet the unique needs of its customers. Drawing from its long history and extensive knowledge, EMPLOYERS empowers businesses by protecting their most valuable asset – their employees – through exceptional claims management, loss control, and risk management services, to help businesses create safer work environments.

Excess workers’ compensation insurance is offered through Employers Assurance Company, rated A (Excellent) by the A.M. Best Company. Excess workers’ compensation coverage is not currently available in all jurisdictions. Go to https://www.employers.com/excess for more information regarding this product offering. EMPLOYERS® and America’s Workers’ Comp Specialist® are registered trademarks of EIG Services, Inc., a subsidiary of Employers Holdings, Inc.