A.M. Best Revises Outlooks to Positive for Employers Holdings, Inc. and Its Subsidiaries
The Credit Ratings (ratings) reflect Employers’ balance sheet strength, which
Employers maintains business concentration risk, operating as a mono-line workers’ compensation insurer with a relatively high concentration of premium volume in a select number of states. While this concentration subjects the company to heightened degrees of economic, regulatory and judicial risks, this concern is mitigated partially by management’s market expertise.
The revised outlooks reflect Employers’ improving levels of risk-adjusted capitalization as measured by Best’s Capital Adequacy Ratio (BCAR) and continued improvement in underwriting and operating performance, partially offset by a limited business profile.
Further positive rating action could occur should underwriting and operating results continue to improve and be sustained at a level that performs in line with higher rated peers. Negative rating action could occur if the group experiences a substantial decline in risk-adjusted capitalization, or if the group experiences deterioration in operating performance driven by weakened underwriting performance or deterioration in the group’s reserving position.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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