Employers Net Income Up 6% in 1st Quarter

Employers Holdings on Thursday reported net income of $23.2 million in the first quarter of 2017, 6% better than the $21.8 million in profits reported in the first quarter of last year.  The Nevada-based carrier increased gross premiums written by 4%, to $197.6 million, even as it continued to diminish its book of business in California. Employers said that during the quarter, in-force premiums in California decreased by 1.5% while in-force premiums outside the state increased by 8%. Employers said its policy count inside California declined by 5% while outside the state it grew 5.3...