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Eastern Insurance Holdings Inc.
Eastern Insurance Holdings Inc.
05/31/2012 | Press release
Eastern Insurance Holdings, Inc. Announces Quarterly Dividend
distributed by noodls on 05/31/2012 17:08
LANCASTER, Pa., May 31, 2012/PRNewswire/ -- Eastern Insurance Holdings, Inc. (NASDAQ: EIHI) ("EIHI") announced today that its board of directors has authorized a $0.07per share quarterly cash dividend on its issued and outstanding shares of common stock, payable June 29, 2012to shareholders of record at the close of business on June 15, 2012.
EIHI operates through its subsidiaries a domestic casualty insurance group specializing in workers' compensation, third-party administration services and a segregated portfolio cell reinsurance business. EIHI has service offices in Pennsylvania, North Carolina, Indiana, Tennesseeand Virginia. EIHI's Web address is http://www.eihi.com.
FORWARD LOOKING STATEMENTS
Some of the statements contained in this press release are
"forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995, as
amended. In some cases, you can identify
forward-looking statements by terminology such as
"may," "will," "should,"
"expect," "project," "plan,"
"intend," "anticipate,"
"believe," "estimate,"
"predict," "potential" or
"continue," the negative of these terms or other
similar terminology. Forward-looking statements are
based on the opinions and estimates of management at the
time the statements are made and are subject to certain
risks and uncertainties that could cause actual results to
differ materially from those anticipated in the
forward-looking statements. No assurance can be given
that management's expectations, beliefs or projections
will occur or be achieved or accomplished. Factors
that could affect the Company's actual results include,
among others, the fact that our loss reserves are based on
estimates and may be inadequate to cover our actual losses;
the uncertain effects of emerging claim and coverage issues
on our business; an inability to obtain or collect on our
reinsurance protection; a downgrade in the A.M. Best rating
of our insurance subsidiaries; the impact of extensive
regulation of the insurance industry and legislative and
regulatory changes; a failure to realize our growth
strategies and investment objectives; the further
deterioration in the fixed income and equity security
markets, the effects of intense competition; the loss of
one or more principal employees; the geographic
concentration of our business; the failure of independent
insurance brokers to adequately market our products; and
other factors described in our filings with the U.S.
Securities and Exchange Commission. Readers are
cautioned not to place undue reliance upon these
forward-looking statements, which speak only as of the date
of this release. The Company undertakes no obligation
to update any forward-looking statements.
SOURCE Eastern Insurance Holdings, Inc.
