earnings
confidence high
sentiment positive
materiality 0.70
Employers Holdings Q3 net income $15.0M ($0.53 EPS); gross premiums up 16% YoY to $152.3M
Employers Holdings, Inc.
2021-Q3 EPS reported
$2.24
revenue$503,300,000
- Record policies in-force of 109,870, up 6% since year-end; gross premiums written $152.3M (+16% YoY).
- Net earned premiums $147.1M (+2%); adjusted net income $11.6M ($0.41 diluted EPS).
- Underwriting expenses down 19% to $37.4M from targeted savings; current accident year loss ratio improved to 63.6% from 65.5%.
- Repurchased 327,402 shares at avg $40.54; declared Q4 dividend $0.25/share payable Nov 24, 2021.
- Cerity segment wrote $0.3M premium vs $0.1M; segment underwriting loss narrowed to $3.3M from $3.9M.