Employers Holdings, Inc. reported strong financial results for the fourth quarter and full-year ended December 31, 2024, achieving the highest levels of written and earned premium, ending in-force premium and policies, and net investment income in the company’s history. For the full year 2024, net income was $100.1 million, an increase of 10% from 2023, and total revenues were $880.7 million, up 3.5%.
The company's current accident year loss and LAE ratio on voluntary business was 64.0% for the full year, consistent with 2022. The fourth quarter full reserve study led to $8.6 million of net favorable prior year loss reserve development from voluntary business. This, combined with a focus on underwriting expenses, yielded an ex-LPT combined ratio of 95.5% for Q4 and 98.6% for the full year 2024.
Net investment income for the full year increased by 19% to $113.5 million, contributing significantly to overall results. Active capital management efforts in 2024 included $41.7 million in share repurchases and $30.0 million in regular quarterly dividends. The Board of Directors declared a first quarter dividend of $0.30 per share, payable on March 19, 2025, to stockholders of record as of March 5, 2025.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.