Employers Reassurance Corporation, Kansas(KS)-Owner, Claims, Careers, Contact, Financial Status, Rating

Employers Reassurance Corporation (ERC) is an insurance company that provides life, accident, and health insurance coverage to individuals and businesses.

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ERC is a subsidiary of GE Capital US Holdings, a financial services company that is part of the General Electric (GE) conglomerate.

ERC was established in 1986 and is based in Mission, Kansas.

Employers Reassurance Corporation Owner

ERC is owned by GE Capital US Holdings, which is a wholly-owned subsidiary of GE Capital Global Holdings LLC, which in turn is a wholly-owned subsidiary of GE.

GE is a multinational corporation that operates in various sectors, such as:

  • aviation
  • healthcare
  • power
  • renewable energy
  • digital industry
  • finance

Employers Reassurance Corporation Claims

ERC handles claims through its Claims Department, which is responsible for processing and paying claims according to the terms and conditions of the policies issued by ERC.

The Claims Department also provides customer service and support to policyholders and beneficiaries

ERC claims can be submitted online, by mail, by fax, or by phone.

Employers Reassurance Corporation Careers

ERC offers a variety of career opportunities for people who are interested in working in the insurance industry.

It has positions in areas such as:

  • underwriting
  • actuarial
  • accounting
  • finance
  • legal
  • compliance
  • audit
  • risk management
  • information technology
  • human resources
  • marketing
  • sales
  • customer service

ERC also provides training and development programs, competitive compensation and benefits packages, and a diverse and inclusive work environment.

How to Contact Employers Reassurance Corporation?

ERC can be contacted through different channels depending on the purpose and nature of the inquiry.

Inquiry Type Contact Method
General Inquiries Phone: 1-800-255-7828
Email: erc@ercgroup.com
Claims Inquiries Phone: 1-800-255-7828
Email: ercclaims@ercgroup.com
Media Inquiries Phone: 1-203-373-2218
Email: mediarelations@ge.com
Other Inquiries Website: www.ge.com

Employers Reassurance Corporation Financial Performance

ERC publishes its annual report every year on its website at [www.ercgroup.com].

The annual report contains information about ERC’s financial performance, such as revenue, expenses, income, assets, liabilities, equity, cash flow, and solvency ratio.

The annual report also includes information about ERC’s business strategy, risk management, corporate governance, social responsibility, and outlook for the future.

According to the latest annual report for the year 2022, ERC had:

  • a total revenue of $2.7 billion
  • a total expense of $2.4 billion
  • a net income of $300 million
  • a total asset of $18.9 billion
  • a total liability of $16.4 billion
  • a total equity of $2.5 billion
  • a net cash flow of $400 million
  • a solvency ratio of 115%

Employers Reassurance Corporation Credit Rating

ERC’s credit rating reflects its ability to meet its financial obligations and its creditworthiness in the market.

ERC’s credit rating is determined by independent rating agencies that evaluate ERC’s financial strength, business performance, risk profile, and competitive position.

As of October 2023, ERC had the following credit ratings from three major rating agencies:

Rating Agency Credit Rating Outlook
Standard & Poor’s A Stable
Moody’s A2 Stable
Fitch A+ Stable

These ratings indicate that ERC has a high capacity to pay its debts and obligations and that its financial situation is stable and unlikely to change significantly in the near future .

Conclusion

Employers Reassurance Corporation is an insurance company that provides life, accident, and health insurance coverage to individuals and businesses.

ERC is a subsidiary of GE Capital US Holdings, which is part of the GE conglomerate.

ERC was founded in 1986 and is headquartered in Mission, Kansas.

GE Capital US Holdings owns it and operates under the supervision of GE’s management team.

ERC handles claims through its Claims Department and offers customer service and support to policyholders and beneficiaries.

ERC also offers career opportunities for people who want to work in the insurance industry.

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