Employers Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 04:15 pm EDT
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Employers Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 203.5 million compared to USD 204.4 million a year ago. Net income was USD 14 million compared to USD 19.1 million a year ago. Basic earnings per share from continuing operations was USD 0.54 compared to USD 0.7 a year ago. Diluted earnings per share from continuing operations was USD 0.54 compared to USD 0.7 a year ago.
For the nine months, revenue was USD 625.2 million compared to USD 491.7 million a year ago. Net income was USD 72.5 million compared to USD 1.3 million a year ago. Basic earnings per share from continuing operations was USD 2.72 compared to USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 2.71 compared to USD 0.05 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. 
