Employers Holdings ( (EIG) ) has released its Q4 earnings. Here is a breakdown of the information Employers Holdings presented to its investors.
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Employers Holdings, Inc. is a specialty provider of workers’ compensation insurance and services, focusing primarily on small and mid-sized businesses in low-to-medium hazard industries, with a notable emphasis on leveraging digital solutions for direct-to-consumer engagement through its Cerity brand.
In its latest earnings report, Employers Holdings, Inc. announced its financial results for the fourth quarter and full year of 2024, highlighting a consistent performance in terms of premium growth and investment income. The company declared a quarterly cash dividend and plans to host a conference call to discuss these results further.
Key financial metrics for the full year 2024 included net income of $118.6 million, slightly up from the previous year, and a record number of policies in force at 130,767. Despite a decrease in adjusted net income, the company maintained stable premiums, with gross premiums written increasing to $776.3 million. The GAAP combined ratio stood at 97.9%, indicating a solid underwriting performance. The fourth quarter revealed a net income of $28.3 million and a slight decline in gross premiums written compared to the previous year.
The company returned $71.7 million to shareholders through dividends and share repurchases, reflecting a strategic focus on capital management. Additionally, Employers Holdings achieved a 9.8% increase in adjusted book value per share, bolstered by investment gains. CEO Katherine Antonello expressed satisfaction with the results, citing strong premium growth and improved investment performance as key drivers.
Looking ahead, Employers Holdings intends to expand its market presence and enhance operational efficiencies. The company remains resilient amid external challenges, such as the California wildfires, and continues to focus on disciplined underwriting and risk management to sustain its competitive position in the workers’ compensation insurance market.
