earnings
confidence high
sentiment neutral
materiality 0.75
Employers Holdings Q2 net loss $15.6M on unrealized investment losses; adjusted EPS $0.79; premiums up 22%
Employers Holdings, Inc.
2022-Q2 EPS reported
-$0.65
revenue$287,300,000
- Net loss of $15.6M ($0.56 loss per share); adjusted net income of $21.9M ($0.79 diluted EPS).
- Gross premiums written $179.4M (+22% YoY); net premiums earned $165.2M (+21% YoY); record policies in-force 117,256 (+9%).
- Net investment income $20.0M (+10% YoY) due to higher bond yields; after-tax unrealized losses of $73.5M from fixed maturities.
- Employers segment combined ratio improved to 92.4% from 98.8%; underwriting income of $12.5M vs $1.7M.
- Quarterly dividend $0.26/share declared, payable Aug 24 to holders of record Aug 10; Q2 share repurchases of 365K shares at avg $39.81.