Nevada insurer reports profit

Employers Insurance Co. of Nevada, the state's largest workers' compensation insurer, today reported net income of $2.1 million for the second quarter.

That's an improvement from the $1.3 million loss reported in the same 2002 quarter.

The company reported $67.3 million in premiums written, up from $30.4 million in premiums written in the same 2002 quarter. The company attributed the growth to the acquisition of California-based Fremont Employers Insurance Group, which was completed last summer.

Employers Insurance also reported $1.26 billion in assets and a policyholder surplus of $218 million at the end of the second quarter.

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