Employers Notes Declining Indemnity and Climbing Earned Premium in Net 47.7% Income Growth

Employers Holdings saw a 47.7% increase in net income before the effects of a loss portfolio transfer during the second quarter of 2014. The Reno, Nev.-based small business insurer grew its net income before the LPT from $9.9 million in the second quarter of 2013 to $14.6 million in the second of 2014, it announced in a Wednesday press release. The LPT substantially influenced Employers' quarter-end results, which included a 7.9% growth in net earned premium from $160 million to $172.7 million. The transfer agreement also impacted loss and loss adjustment expenses, which fell 12.5% ...