Employers Holdings climbs after Q4 profit beat

Employers Holdings

16/02/2024 19:06

** Shares of insurer Employers Holdings  EIG.N  rise 3.5% to
$44.82
    ** After market close on Thursday, EIG reported Q4 adjusted
EPS of $1.40 vs. est. of $1.08 - LSEG
    ** Q4 net premiums written up 3% at $176.4 mln compared to
prior-year
    ** Q4 net investment income down 3% at $26.2 mln, hurt by
lower invested balances of fixed maturity securities and
short-term investments
    ** Stock down 8.7% in 2023

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))