Employers' Profit Jumps 71% in Q2

Employers Holdings Inc. has reported net income of $42.5 million for the second quarter, a 71% increase from net income of $24.8 million in the second quarter of 2017. For the first half of the year, net income was $68 million, up 42%, from $48 million in the prior-year period. The company said the increase in net income in the second quarter was mainly the result of strong underwriting results — highlighted by a 62.5% current accident year loss ratio and $16.5 million of favorable prior-year loss reserve development — as well as a reduction in the effective income...