Employers Holdings (EIG) Misses Q3 EPS by 2c

Employers Holdings, Inc. Reports Third Quarter 2016 Net Income of $0.69, Net Income Excluding the Impact of the LPT of $0.59, and Operating Income of $0.57 per Diluted Share

October 26, 2016 4:46 PM EDT

Return on Equity of 10.7% and Operating Return on Equity of 8.2%

Third quarter net income, net income excluding the impact of the LPT and operating income of $22.6 million, $19.6 million and $18.7 million, respectively. Third quarter combined ratio and combined ratio excluding the impact of the LPT of 93.5% and 95.2%, respectively, an improvement of 0.6 and 0.4 percentage points, year over year, respectively. Third quarter net written premiums of $163.0 million, a decrease of $3.5 million year-over-year. GAAP book value per share of $26.47, book value per share of $32.01 and adjusted book value per share of $28.35 increased... More