Published on 19 Feb 2024 on Zacks via Yahoo Finance
Employers Holdings' (EIG) Shares Rise 4% on Q4 Earnings Beat
Shares of Employers Holdings, Inc. EIG have risen 3.9% since it reported better-than-expected fourth-quarter 2023 results on Feb 15. The quarterly results were aided by sound growth in premiums written, robust audit premium recognition and favorable underwriting results. A slight year-over-year increase in overall expenses partly negated the results.
EIG reported fourth-quarter adjusted earnings per share (EPS) of $1.40, which surpassed the Zacks Consensus Estimate by 40%. The bottom line improved 12% year over year.
Total revenues grew 1.8% year over year to $225.7 million. The top line beat the consensus mark by 5.8%.