earnings
confidence high
sentiment positive
materiality 0.75
Employers Holdings Q1 net income $23.6M ($0.86 EPS); dividend raised to $0.28/share
Employers Holdings, Inc.
2023-Q1 EPS reported
$0.86
revenue$206,500,000
- Net income of $23.6M vs loss of $2.3M; adjusted EPS $0.60 vs $0.33 (up 82%).
- Gross premiums written $194.9M (+13%); net earned premiums $172.7M (+15%).
- Net investment income $27.6M (+45%) on higher bond yields and invested balances.
- Regular quarterly dividend increased 8% to $0.28/share; payable May 24 to holders of record May 10.
- Repurchased 267,883 shares in Q1 at avg $42.24; $30.5M remaining authorization.