NEIL 2024 Annual Report and Financial Statements
NEIL is pleased to release its 2024 Annual Report and Consolidated Financial Statements.
NEIL finished 2024 in a strong financial position. Strong investment returns helped offset higher-than expected losses in both the Nuclear and Specialty books. NEIL’s investment portfolio saw an 8.9% return for the year, but this was offset in part by a challenging claims experience, with a consolidated loss ratio for the year of 137.5% and Combined Ratio before Distribution of 153.4%. Overall, the results supported the Board of Directors declaring a $225 million Policyholder Distribution. The Company ended the year with $4.1 billion in Surplus and $5.2 billion in invested assets.
As always, NEIL’s Members played an important role in our success. We recognize and thank all the individuals at our Member Companies for their contributions and support, and NEIL Staff for their dedication and hard work.