Employers Holdings Posts $11.6M Third-Quarter Net Income
EIG sits 44% above its 52-week low of $35.73.
Summary
Employers Holdings reported third-quarter net income of $11.6M and EPS of USD 0.64, and declared a regular quarterly dividend of $0.34 per share. The release gives no revenue, combined ratio, or year-over-year comparison, so the quality of the quarter versus the prior trend is not yet clear. Context matters here: Q2 EPS came in at $1.59, up 29% year-over-year on buybacks, but gross premiums written fell 19.6% and the combined ratio was 105.8% — still unprofitable on underwriting. Net premiums earned also fell in the third quarter. Watch whether the full release shows the combined ratio back below 100% and whether premium decline persisted; those two items decide whether this print is a stabilization or more of the same.
At the time of this announcement, EIG was trading at $51.41 on NYSE in the Finance sector, with a market capitalization of approximately $923.3M. The 52-week trading range was $35.73 to $53.51. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.