Friday, September 22 2017

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Employers Holdings, Inc. Reports First Quarter 2015 Earnings and Declares Second Quarter 2015 Dividend

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Quarterly Net Income per Diluted Share of $0.43 and Net Income before the LPT per Diluted Share of $0.34, up $0.09 and $0.14, respectively, from the First Quarter of 2014

Quarterly Operating Income per Diluted Share of $0.31, up $0.17 from the First Quarter of 2014

  • Net written premiums of $171.9 million; down 6.2% due to rate/underwriting actions in Southern California
  • Net rate up 3.1% overall and 12.4% in California
  • In-force payroll exposure down 3.6% overall and 13.9% in California
  • Combined ratio before the LPT of 101.6%; improved 6 percentage points driven by a lower current accident year loss provision rate
  • Income taxes of $4.1 million; up $2.8 million

Reno, Nevada-April 29, 2015-Employers Holdings, Inc. (“EHI” or the “Company”) (NYSE:EIG) today reported net income of$14.0 million or $0.43 per diluted share, for the quarter ended March 31, 2015 compared to $10.8 million, or $0.34 per diluted share, in the prior year quarter, and net income before the impact of the Loss Portfolio Transfer ("LPT") was $10.9 million or $0.34 per diluted share, in the current quarter compared to $6.5 million, or $0.20 per diluted share, in the prior year quarter. Operating income in the current quarter was $10.2 million, or $0.31 per diluted share, compared to $4.5 million, or $0.14 per diluted share, in the prior year quarter.

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Posted in: EMPLOYERS Press Releases, Investors and Earnings | Tags: EMPLOYERS News , Investors , worker's comp | Comments (0) | View Count: (3278)
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