EIG News & Events

The company's board of directors declared an increase in its regular quarterly dividend to 34c per share, an increase of 6.25%. The dividend is payable on May 27 to stockholders of record as of May 13.

Reports Q1 revenue $207.6M, consensus $213.04M. Chief Executive Officer Katherine Antonello commented: "This was a quarter defined by discipline. We made a deliberate choice to prioritize underwriting quality over volume, and the results reflect that commitment: our underwriting expense ratio improved, our actuarial estimates came in on target, and we returned $83.0 million to shareholders while growing book value per share including the Deferred Gain by 8.9%."

The company's board of directors authorized a new stock repurchase program to allow for repurchases of up to $125M of common stock from May 4 through December 31, 2027. The new program replaces the prior program, whose repurchase authorization was fully utilized, and was scheduled to expire on December 31.