Employers Holdings (EIG) Drops 5.8% Despite Q2 Earnings Beat

Shares of Employers Holdings, Inc. (EIG) have declined 5.8% since it reported second-quarter 2024 results on Jul 31, after the closing bell. The better-than-expected earnings were aided by growth in premiums written, policies in force and higher yields on fixed maturity securities. However, the positives were partially offset by increased overall expenses. EIG reported second-quarter adjusted earnings per share (EPS) of $1.10, which surpassed the Zacks Consensus Estimate by 1.9%. However, the bottom line fe ...