Monoline workers’ comp carrier Employers Holdings has reported first quarter net income of $51.8 million, up from $25.6 million in the first quarter of 2018.
Net premiums written for the quarter dropped about 1%, to $209 million. The quarter included $22 million of favorable prior-year loss reserve development on voluntary business, versus $12 million in favorable development a year ago, the company said.
Net investment income of $21.8 million in the first quarter was a 12% increase from the prior-year quarter.
In a conference call with analysts on Thursday, executives noted that Empl...
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