Eastern Alliance Insurance Group and Eastern Life and Health Insurance Company Get A.M. Best A- (Excellent) Ratings

Eastern Insurance Holdings, Inc. announced that A.M. Best Co. has affirmed its A- (Excellent) financial strength ratings of EIHI members Eastern Alliance Insurance Group ("EAIG") and Eastern Life and Health Insurance Company ("ELH").

A.M. Best also affirmed a positive outlook for EAIG, a domestic casualty insurance group specializing in workers' compensation, and a stable outlook for ELH, a domestic life and health insurance company.

"A.M. Best's affirmation of these A- ratings is indicative of our continued excellent financial and operational results and strong balance sheet in these business segments," said Bruce Eckert, Chief Executive Officer of EIHI. "I was particularly pleased with A.M. Best's recognition of our workers' compensation insurance segment's profitable growth and its continued outperformance of the workers' compensation industry as a whole."

In its news release affirming the A- ratings, A.M. Best recognized EAIG's "strong operating results, excellent capitalization" and combined ratios "which outperform the workers' compensation composite average by a wide margin and internally generate surplus." The rating organization said EAIG maintains "focused underwriting initiatives, prudent reserving practices and aggressive claims management" along with the "cultivation of a loyal agency base." A.M. Best's news release noted "the financial flexibility of EIHI" and said ELH maintains "a favorable level of risk-adjusted capital."

EAIG consists of Eastern Alliance Insurance Company, Allied Eastern Indemnity Company, Eastern Advantage Assurance Company and Employers Security Insurance Company, which operate under an intercompany pooling agreement. EAIG specializes in providing workers' compensation products and services to businesses and self-insured clients. EAIG distributes its products through independent insurance agencies. EAIG's Web address is eains.com.

ELH provides group life, dental, disability and vision insurance to employer groups.

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