Friday, September 22 2017

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Employers Holdings, Inc. Reports Updated Fourth Quarter and Full Year 2011 Earnings

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Key Highlights
(Q4, 2011 compared to Q4, 2010 except where noted)

Net written premiums of $101 million; up 29%
Lowest hazard group A (as defined by NCCI) up 4 points as a percent of in-force premiums and hazard group B up 1 point
Net earned premiums of $100 million; up 20%
Revenues of $138 million; up 22%
Fourth quarter results include a realized gain of $18 million
Book value (including deferred LPT gain) per share of $25.07; up 14%
Repurchased 3.25 million common shares in Q 4 2011

Reno, Nevada—February 29, 2012—Employers Holdings, Inc. (“EHI” or the “Company”) (NYSE:EIG) today reported updated financial results for the fourth quarter and full year 2011. The results have been revised to adjust for an accrual associated with incentive bonus programs. The adjustment was discovered during the year end close process. This adjustment has been recorded in the fourth quarter of 2011 and has not had a negative impact on the Company’s current or historical financial statements. Following is a summary of changes in results relative to our earnings press release dated February 27, 2012.

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Posted in: EMPLOYERS Press Releases, Investors and Earnings | Tags: Earnings , Investors , EIG | Comments (0) | View Count: (782)
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