Employers Holdings Q2 net income $34.9M ($1.30/sh) vs year-ago loss; declares $0.28 dividend, $50M buyback

Employers Holdings, Inc.

2023-Q2 EPS reported $2.16 revenue$421,700,000

Net income $34.9M ($1.30 diluted EPS) vs $15.6M loss ($0.56 loss) in Q2 2022; adjusted net income $31.4M ($1.17/sh).
Gross premiums written $198.4M (+11% YoY); net premiums earned $177.1M (+7% YoY); record policies in-force of 124,848 (+6%).
Net investment income $26.8M (+34% YoY) on higher yields and balances; net realized/unrealized gains of $11.3M vs losses of $50.1M.
Employers segment combined ratio 87.2% (vs 92.4% a year ago) reflecting $19.7M favorable prior-year reserve development.
Board declares $0.28/share quarterly dividend payable Aug 23 to holders of record Aug 9; authorizes new $50M share repurchase program through Dec 31, 2024.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Employers Holdings, Inc. reported second quarter ended June 30, 2023 results: net income Net income of $34.9 million or $1.30 per share.

Period: second quarter ended June 30, 2023
Net income: Net income of $34.9 million or $1.30 per share
Result: reported results

Exact text from the filing

On July 26, 2023, Employers Holdings, Inc. (the “Company”) issued a press release and financial supplement announcing results for the quarter ended June 30, 2023.

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Employers Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001379041-23-000115

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