earnings
confidence high
sentiment positive
materiality 0.65
Employers Holdings Q3 adjusted EPS $0.68, up 21% YoY; record policies-in-force
Employers Holdings, Inc.
2023-Q3 EPS reported
$2.71
revenue$625,200,000
- Net income $14.0M ($0.54/sh) vs $19.1M ($0.70/sh); adjusted net income $17.7M ($0.68/sh), up 21% per share.
- Gross premiums written $196.2M (+4%); net earned $184.6M (+3%); policies in-force 126,120, a record (+5%).
- Net investment income $25.9M (+9%); net realized/unrealized losses on investments $7.1M vs gains $1.9M.
- Quarterly dividend $0.28/share, payable Nov 22, 2023 to holders of record Nov 8, 2023 (unchanged).
- Repurchased 367,209 shares at avg $38.95 in Q3; remaining authorization $36.4M.