earnings
confidence high
sentiment positive
materiality 0.75
Employers Holdings reports FY2023 net income $118.1M ($4.45 EPS) vs $48.4M; declares $0.28 dividend
Employers Holdings, Inc.
2023-FY EPS reported
$4.45
revenue$850,900,000
- FY2023 net income $118.1M ($4.45 EPS) vs $48.4M; adjusted net income $101.7M ($3.83) vs $81.0M.
- Gross premiums written $767.7M (+7.5%); net earned $721.9M (+6.9%); GAAP combined ratio 95.0% (ex-LPT 96.0%) vs 96.9%.
- Net investment income $106.5M, up 19% YoY; net favorable prior year loss reserve development $44.9M vs $33.5M.
- Adjusted book value per share $47.26, up 10.5% including dividends; Cerity integration completed, expects expense savings.
- Declared Q1 dividend $0.28/share payable March 13; repurchased 523,407 shares at avg ~$38.80; remaining auth $16.2M.