Reducing its concentration of business in Southern California has had a positive impact for Employers Holdings Inc., which saw its net income go up by 13% last year, to $106.7 million.
Employers has also benefitted from an accelerated claims settlement strategy it has been implementing since 2014, executives said last week in releasing the company's fourth quarter and full-year results.
Employers’ net income for the fourth quarter was $35.5 million, up 33% from the prior-year quarter. Combined ratio was 85.6 for the fourth quarter and 95.4 for the full year, an improvement of 2.3 p...
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