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EMPLOYERS Q4 and 09 Earnings

February 24, 2010

Employers Holdings, Inc. ("EHI" or the "Company") (NYSE: EIG) today reported fourth quarter net income of $11.3 million or $0.26 per share compared with $15.9 million or $0.32 per share in the fourth quarter of 2008, a decrease of $4.6 million in net income or $0.06 per share. Pre-tax income in the fourth quarter increased to $13.8 million in 2009 compared to $12.8 million in 2008. Tax benefits related to the favorable development of pre-privatization reserves drove the resulting higher net income after tax in the fourth quarter of 2008.

 

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