Employers' Q3 Profit Dips Due to Technology Costs

Employers Holdings Inc. has reported third quarter net income of $21.9 million, a 3% decrease from $22.6 million in the third quarter of 2016. For the first nine months of the year, net income was $69.9 million, down 2% from $71.2 million in the prior-year period. The monoline workers’ comp carrier saw net premiums written increase 9% in the third quarter, to $178 million. For the first nine months of the year, net premiums written were up 3%, to $557 million. The combined ratio of 92.7% in the third quarter was down from 93.5% in the same quarter of 2016. In a news release, the comp...