
NEIL 2022 Annual Report & AM Best Credit Rating
NEIL continued to maintain a strong capital position overall despite the challenging financial markets.
NEIL continued to maintain a strong capital position overall despite the challenging financial markets.
At its December 9, 2022 meeting, NEIL’s Board of Directors approved a Policyholder Distribution of $150 million, with $127.5 million being allocated based on each Member’s Policyholder Insurance Record and $22.5 million being allocated based on the Members’ Earned Premium Ratio.
We are pleased to report that AM Best has assigned NEIL Overseas dac a Financial Strength Rating (FSR) of “A” (Excellent) and an Issuer Credit Rating (ICR) of “a+” (Excellent).
NEIL is pleased to report that AM Best has reaffirmed NEIL’s and Cedar Hamilton Limited’s group Financial Strength Rating (FSR) of “A” Excellent and Issuer Credit Rating (ICR) of “a+”. In addition, AM Best reaffirmed the outlook for both the FSR and ICR as stable.
We are pleased to announce that NEIL is again co-sponsoring the Energy School program, scheduled for May 15-19, 2022 at Florida State University.
Throughout 2021, NEIL’s Leadership team engaged in a comprehensive strategy review that examined NEIL’s role as a key insurance partner for our Members.