Employers Holdings Q2 net income $26.4M; declares $0.25 dividend, new $50M buyback

Employers Holdings, Inc.

2021-Q2 EPS reported $1.71 revenue$335,000,000

Net income $26.4M ($0.92 diluted); adjusted net income $11.8M ($0.41 diluted).
Gross premiums written $147.1M (+5% YoY); record policies in-force 107,314 (+3.7% vs year-end).
Net premiums earned $137M (-10% YoY); $8M adverse reserve from two catastrophic non-COVID claims.
Dividend $0.25/share declared for Q3, payable Aug 18; new $50M share repurchase program through Dec 2022.
Book value per share (incl deferred gain) $46.83, up 2.3% for the quarter.

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