Employers Holdings (EIG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Employers Holdings (EIG) reported revenue of $217 million for the quarter ended June 2024, reflecting a 0.8% increase year-over-year, but fell short of the Zacks Consensus Estimate of $223.77 million by 3.03% [1] - The company's EPS was $1.10, down from $1.17 in the same quarter last year, but exceeded the consensus estimate of $1.08 by 1.85% [1] Financial Metrics - Combined Ratio was reported at 94.2%, better than the two-analyst average estimate of 95.5% [3] - Loss and LAE ratio stood at 57.9%, slightly better than the average estimate of 58.1% from two analysts [4] - Net premiums earned were $187.80 million, below the average estimate of $196.80 million, but showed a 6% increase compared to the year-ago quarter [5] - Net investment income was $26.90 million, marginally below the average estimate of $26.92 million, with a 0.4% increase year-over-year [6] Stock Performance - Shares of Employers Holdings have returned +9.8% over the past month, contrasting with a -0.4% change in the Zacks S&P 500 composite [6] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [6]