Insurance rating bureau A.M. Best has affirmed the financial strength rating of Reno, Nev.-based Employers Holdings Inc.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), Employers Compensation Insurance Co. (ECIC) (California), Employers Preferred Insurance Co. (EPIC) and Employers Assurance Co. (EAC) (both of Florida). Concurrently, A.M. Best has affirmed the ICR of “bbb-” of Employers’ parent holding company, Employers Holdings Inc. The outlook for all ratings is stable.
The affirmation of the ratings reflects the solid capitalization of the consolidated group, strong operating performance, management’s market expertise and its disciplined operating strategy, the company said. Additionally, the consolidated group’s favorable operating performance reflects its strict underwriting guidelines, conservative investment policy and prudent capital management. Employers also benefits from the financial flexibility provided by Employers Holdings Inc., the rating company added.
Employers Holdings Inc. 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 nationwide.
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