Employers Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 15, 2024 at 04:24 pm EST
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Employers Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 225.7 million compared to USD 221.8 million a year ago. Net income was USD 45.6 million compared to USD 47.2 million a year ago. Basic earnings per share from continuing operations was USD 1.78 compared to USD 1.73 a year ago. Diluted earnings per share from continuing operations was USD 1.77 compared to USD 1.72 a year ago.
For the full year, revenue was USD 850.9 million compared to USD 713.5 million a year ago. Net income was USD 118.1 million compared to USD 48.4 million a year ago. Basic earnings per share from continuing operations was USD 4.48 compared to USD 1.76 a year ago. Diluted earnings per share from continuing operations was USD 4.45 compared to USD 1.75 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. 
