A.M. Best Affirms Ratings of Employers Holdings, Inc. and its Subsidiaries
Reno, Nevada – Dec 12, 2014 – 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 “bbb-” of EMPLOYERS parent holding company, Employers Holdings, Inc.
The affirmation of the ratings reflects EMPLOYERS supportive capitalization, historically strong operating performance and management’s market expertise. EMPLOYERS also benefits from the financial flexibility provided by Employers Holdings, Inc.
“We are pleased that A.M. Best has once again recognized EMPLOYERS strong operating performance and market expertise,” said Douglas Dirks, President and CEO of EMPLOYERS. “Given the supportive capitalization of our consolidated group, strict underwriting guidelines and consistent underwriting strategy, we are pleased to maintain an excellent rating of A- from A.M. Best.”
For Best’s 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 in 31 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.
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Employers Holdings, Inc.
Ty Vukelich, (775) 327-2677
Vice President, Corporate Marketing
Vicki Erickson Mills, (775) 327-2794