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Employers Holdings Reports 41% Increase in Written Premium

By Greg Jones (Senior Editor)

Friday, November 9, 2012 | 0

Employers Holdings reported a 41% increase in written premium from the third quarter of 2011 to 2012, but net income was 31% lower for the same time period in 2012 than it was in 2011.The Reno, Nev.-based carrier said net written premiums increased to $144.4 million for the three-month period ending Sept. 30, 2012, compared to $102.6 million for the same period in 2011. At the same time, net income in the third quarter of 2012 was $8.2 million, compared to $11.8 million in 2011.Employers Holdings said in a statement that the net income was lower in 2012 because of a change in accounting standa...

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