Employers Holdings reports Q2 adjusted EPS $1.17, consensus 96c

Reports Q2 revenue $215.2M, consensus $210.79M. Gross premiums written were $198.4 million versus $179.4 million, an increase of 11%. Net premiums earned were $177.1 million versus $165.2 million, an increase of 7%. CEO Katherine Antonello commented: “Our excellent second quarter results are a testament to the transformational changes we are making at Employers. Wage increases, a strong labor market and our new sales and underwriting operating model contributed to higher new and renewal premiums and an increase in final audit premiums. Together with strong net investment income and continued net investment gains, revenue increased 59% year-over-year.”