Employers Holdings' (EIG) Shares Rise 4% on Q4 Earnings Beat
EIGEmployers (EIG) Zacks Investment Research·2024-02-20 03:46

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% ye ...