Employers Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
April 26, 2024 at 01:53 am IST
Share
Employers Holdings, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was USD 223.1 million compared to USD 206.5 million a year ago. Net income was USD 28.3 million compared to USD 23.6 million a year ago.
Basic earnings per share from continuing operations was USD 1.12 compared to USD 0.87 a year ago. Diluted earnings per share from continuing operations was USD 1.11 compared to USD 0.86 a year ago.
Employers Holdings, Inc. is a holding company. The Company, through its wholly owned insurance subsidiaries, Employers Insurance Company of Nevada (EICN), Employers Compensation Insurance Company (ECIC), Employers Preferred Insurance Company (EPIC), Employers Assurance Company (EAC), and Cerity Insurance Company (CIC), is engaged in the commercial property and casualty insurance industry, specializing in workers compensation products and services, which are focused on small and select businesses engaged in low-to-medium hazard industries. Workers' compensation provides insurance coverage for the statutorily prescribed benefits that employers are required to provide to their employees who may be injured or suffer illness in the course of employment. Its Insurance Operations segment represents the traditional business offered through its agents, including business originated from the Company's strategic partnerships and alliances and direct-to-customer business.