Employers Holdings Q2 adj EPS $1.10 vs $1.17; gross premiums +5% to $207.9M; declares $0.30 dividend

Employers Holdings, Inc.

2024-Q1 EPS reported $2.36 revenue$440,100,000

Net income per diluted share $1.25 vs $1.30; adjusted EPS $1.10 vs $1.17.
Gross premiums written $207.9M (+5%); net premiums earned $187.8M (+6%).
GAAP combined ratio 94.2% vs 90.4%; net favorable prior year loss development $9.1M vs $19.7M.
Record ending policies in-force 128,522; underwriting expense ratio improved to 22.0% from 26.0%.
Board declared $0.30 quarterly dividend payable Aug 28; repurchased 461,789 shares at avg $41.53 in Q2.

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