Employers Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 04:15 pm EDT
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Employers Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 215.2 million compared to USD 135.3 million a year ago. Net income was USD 34.9 million compared to net loss of USD 15.6 million a year ago. Basic earnings per share from continuing operations was USD 1.31 compared to basic loss per share from continuing operations of USD 0.56 a year ago. Diluted earnings per share from continuing operations was USD 1.3 compared to diluted loss per share from continuing operations of USD 0.56 a year ago.
For the six months, revenue was USD 421.7 million compared to USD 287.3 million a year ago. Net income was USD 58.5 million compared to net loss of USD 17.8 million a year ago. Basic earnings per share from continuing operations was USD 2.17 compared to basic loss per share from continuing operations of USD 0.65 a year ago. Diluted earnings per share from continuing operations was USD 2.16 compared to diluted loss per share from continuing operations of USD 0.65 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.
EMPLOYERS HOLDINGS, INC. 
