Employers' Net Income Rises 57.8% in 2014

Employers Holdings, a Reno, Nevada-based national workers' compensation carrier, grew its net income 57.8% in 2014. The company grew its net earned premiums 6.6% from $632.3 million to $684.5 million while shrinking its losses and loss-adjustment expenses 2.2% from $463.6 million to $453.4 million, according to its fourth-quarter earnings statement. Excluding the impact of a loss portfolio transfer agreement, Employers' combined ratio dropped from 109.8% to 105%. Employers President and Chief Executive Officer Douglas Dirks pointed to the company's efforts to limit its exposu...