Employers Holdings Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Employers Holdings (NYSE:EIG) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$217.0m (flat on 2Q 2023).
• Net income: US$31.7m (down 9.2% from 2Q 2023).
• Profit margin: 15% (down from 16% in 2Q 2023).
• EPS: US$1.25 (down from US$1.31 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Employers Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 2.5%.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 3.5% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Employers Holdings that you should be aware of.

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