Employers Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 27, 2023 at 09:15 pm
Share
Employers Holdings, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was USD 206.5 million compared to USD 152 million a year ago. Net income was USD 23.6 million compared to net loss of USD 2.3 million a year ago.
Basic earnings per share from continuing operations was USD 0.87 compared to basic loss per share from continuing operations of USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.86 compared to diluted loss per share from continuing operations of USD 0.08 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.