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Dec 31, 2023
Employers Q4 2023 Earnings Report
Reported financial results for the fourth quarter and year ended December 31, 2023.
Key Takeaways
Employers Holdings, Inc. reported strong fourth quarter results with impressive revenue growth driven by increases in premium writings and investment income. The integration of Cerity's operations into Employers was completed, leading to expected underwriting expense savings. The company is well-positioned for further appetite expansion and increased self-service options in 2024.
Net income was $45.6 million ($1.77 per diluted share).
Adjusted net income was $36.1 million ($1.40 per diluted share).
Net premiums earned increased by 4% to $187.5 million.
GAAP combined ratio improved to 88.1% (88.8% excluding LPT).
Forward Guidance
The company is focusing efforts in 2024 on further appetite expansion, and increased self-service options for policyholders, agents and injured workers.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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