Employers Holdings, Inc. (EIG) SEC Filings & Earnings Calls
EquiReason read 10 Employers Holdings, Inc. SEC filings in the last 12 months. Latest: 10-Q on 2026-07-30 — Q2 2026 earnings: net income slightly down YoY but EPS up due to buybacks; premium revenue declining..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 935.4M
- P/E TTM
- 126.7
- Dividend yield
- 2.5%
- 52-week
- —
- Next earnings
- 28 Oct, in 4 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
30 Jul 202610-QQ2 2026 earnings: net income slightly down YoY but EPS up due to buybacks; premium revenue declining.earningsopen
Figures in the filing · each found in the filing text
| Net premiums earned · Q2-2026 | $174M | -12% y/y |
| Net income · Q2-2026 | $29M | -2% y/y |
| Diluted EPS · Q2-2026 | $1.59 | +29% y/y |
| Combined ratio · Q2-2026 | 105.8% | |
| Dividend per share · Q2-2026 | $0.34 | +6% y/y |
| Operating cash flow · H1-2026 | $-8M |
Risks flagged
Premium revenue decline
“Net premiums earned decreased 12.2% YoY in Q2 2026.”
Negative operating cash flow
“Operating cash flow turned negative ($8.1M) in H1 2026 vs positive $14.6M in H1 2025.”
Aggressive share buybacks funded by debt
“Share repurchases $105.6M in H1 2026 vs $43.7M in H1 2025; long-term debt increased from $19M to $125M.”
29 Jul 20268-K · 2.02, 8.01Net premiums earned $174M (-12% y/y); Net income $29M (-2% y/y); Combined ratio excluding LPT 106.7earningsopen
Figures in the filing · each found in the filing text
| Net premiums earned · Q2-2026 | $174M | -12% y/y |
| Net income · Q2-2026 | $29M | -2% y/y |
| Combined ratio excluding LPT · Q2-2026 | 106.7% | |
| Adjusted earnings per diluted share · Q2-2026 | $0.70 | +46% y/y |
| Book value per share · Q2-2026 | $47.83 | +5% y/y |
Risks flagged
Underwriting loss with combined ratio above 100% excluding LPT.
“Combined ratio excluding LPT: 106.7%”
Gross premiums written declined 20% YoY, indicating shrinking top line.
“Gross premiums written │ $163.4 │ $203.3 │ (20)%”
1 May 202610-QNet premiums earned $181M (-1% y/y); Net investment income $28M (-12% y/y); Net income $10M (-20% y/y)open
Figures in the filing · each found in the filing text
| Net premiums earned · Q1-2026 | $181M | -1% y/y |
| Net investment income · Q1-2026 | $28M | -12% y/y |
| Net income · Q1-2026 | $10M | -20% y/y |
| Operating cash flow · Q1-2026 | $2M | -85% y/y |
| Combined ratio · Q1-2026 | $107.10 |
Risks flagged
Underwriting margin deterioration
“Losses and loss adjustment expenses $129.1 million for Q1 2026 vs $120.7 million for Q1 2025, an increase of 7.0%”
Operating cash flow weakness
“Net cash provided by operating activities $2.2 million for Q1 2026 vs $14.6 million for Q1 2025”
29 Apr 20268-K · 2.02, 8.01Net Income $10M (-20% y/y); Gross Premiums Written $181M (-15% y/y); Net Premiums Earned $181M (-1% y/y)earningsopen
Figures in the filing · each found in the filing text
| Net Income · Q1-2026 | $10M | -20% y/y |
| Gross Premiums Written · Q1-2026 | $181M | -15% y/y |
| Net Premiums Earned · Q1-2026 | $181M | -1% y/y |
| Net Investment Income · Q1-2026 | $28M | -12% y/y |
| Combined Ratio Excluding LPT · Q1-2026 | 107.7% | |
| Diluted Earnings Per Share · Q1-2026 | $0.52 | 0% y/y |
| Dividend Per Share · Q1-2026 | $0.34 | +6% y/y |
| Book Value Per Share · Q1-2026 | $46.59 | +5% y/y |
Risks flagged
Underwriting loss with combined ratio above 100%.
“Combined ratio excluding LPT 107.7%.”
Declining premiums and investment income.
“Gross premiums written down 15%; Net investment income down 12%.”
16 Apr 2026DEF 14AProxy statement filed disclosing 2025 performance, executive compensation, and governance matters.open
Figures in the filing · each found in the filing text
| Net written premium · FY2025 | $750M | |
| Renewal premium change · FY2025 | 3.0% | |
| New business premium change · FY2025 | -15.0% | |
| Policies in-force · FY2025 | 133,605 | |
| Adjusted GAAP Calendar Year Combined Ratio · FY2025 | 112.0% | |
| Net income · FY2025 | $11M | |
| Adjusted net income · FY2025 | $22M | |
| Net investment income · FY2025 | $117M | |
| Book value per share including Deferred Gain · FY2025 | $51.31 | |
| Adjusted book value per share · FY2025 | $50.95 |
Risks flagged
California cumulative trauma claims frequency
“In the third quarter, we strengthened prior year reserves by $38.2 million and increased our current accident loss ratio to 72.0% to address California cumulative trauma frequency trends” · word for word
Underwriting profitability deterioration
“Our Adjusted GAAP Calendar Year Combined Ratio was 112.0%” · word for word
Earnings decline
“Our net income was $10.8 million ($0.46 per diluted share), down from $118.6 million ($4.71 per diluted share)”
26 Feb 202610-KGross premiums written $756M (-3% y/y); Net premiums earned $762M (+2% y/y); Net investment income $117M (+9% y/y); Guidance: No explicit guidance provided; management notes pricing actions to improve marginsopen
Figures in the filing · each found in the filing text
| Gross premiums written · FY2025 | $756M | -3% y/y |
| Net premiums earned · FY2025 | $762M | +2% y/y |
| Net investment income · FY2025 | $117M | +9% y/y |
| Net income · FY2025 | $11M | -91% y/y |
| Combined ratio · FY2025 | $110.90 | |
| Loss and LAE ratio · FY2025 | $76.40 | |
| Policies in-force · FY2025 | 133,605 | +2% y/y |
| Adjusted stockholders' equity per share · FY2025 | $50.95 | +1% y/y |
Guidance
No explicit guidance provided; management notes pricing actions to improve margins
No formal guidance; management is taking pricing actions to improve underwriting margins, but near-term profitability is pressured by higher claims.
Risks flagged
California concentration risk
“We provide workers' compensation insurance throughout most of the United States, with a concentration in California, where 46% of our gross premiums written are generated.” · word for word
Cumulative trauma claim frequency increase
“The increase was attributable to increased cumulative trauma (CT) claim frequency in California.” · word for word
Reserve adequacy risk
“Prior accident year adverse loss reserve development recognized in 2025 was $39.6 million, compared to net favorable prior year loss reserve development of $18.4 million in 2024.” · word for word
19 Feb 20268-K · 2.02, 8.01Gross Premiums Written $157M (-11% y/y); Net Premiums Earned $188M (-1% y/y); Net Investment Income $31M (+18% y/y)earningsopen
Figures in the filing · each found in the filing text
| Gross Premiums Written · Q4-2025 | $157M | -11% y/y |
| Net Premiums Earned · Q4-2025 | $189M | -1% y/y |
| Net Investment Income · Q4-2025 | $31M | +18% y/y |
| Net Income (Loss) · Q4-2025 | $-23M | -183% y/y |
| Adjusted Net Income · Q4-2025 | $15M | -50% y/y |
| Combined Ratio (excl LPT) · Q4-2025 | 106.8% | |
| Adjusted EPS (diluted) · Q4-2025 | $0.66 | -43% y/y |
| Cash Dividends Declared per Share · Q1-2026 | $0.32 | +7% y/y |
Risks flagged
Underwriting losses from higher current year loss ratio
“Current year loss and LAE ratio 71.9% in Q4 2025 vs 64.2% in Q4 2024”
Declining premium volume
“Gross premiums written down 11% in Q4 and 3% for full year”
31 Oct 202510-QEmployers Holdings reported a net loss of $8.3M in Q3 2025 vs net income of $30.3M in Q3 2024, driven by a sharp increase in loss and loss adjustment expenses.earningsopen
Figures in the filing · each found in the filing text
| Net premiums earned · Q3-2025 | $192M | +3% y/y |
| Net income (loss) · Q3-2025 | $-8M | -127% y/y |
| Dividend per share · Q3-2025 | $0.32 | +7% y/y |
Risks flagged
Underwriting deterioration
“Losses and loss adjustment expenses $186.6 million for Q3 2025 vs $117.7 million for Q3 2024, a 58.5% increase”
Investment income pressure
“Net investment income $26.1 million for Q3 2025 vs $26.6 million for Q3 2024, a slight decline”
30 Oct 20258-K · 2.02, 8.01Net premiums earned $192M (+3% y/y); Net investment income $26M (-2% y/y); Net income (loss) $-8M (-127% y/y)earningsopen
Figures in the filing · each found in the filing text
| Net premiums earned · Q3-2025 | $192M | +3% y/y |
| Net investment income · Q3-2025 | $26M | -2% y/y |
| Net income (loss) · Q3-2025 | $-8M | -127% y/y |
| Combined ratio excluding LPT · Q3-2025 | 130.4% | |
| Gross premiums written · Q3-2025 | $184M | +1% y/y |
| Book value per share · Q3-2025 | $45.76 | |
| Dividend per share · Q3-2025 | $0.32 | +7% y/y |
Risks flagged
Underwriting loss from prior-year reserve strengthening (19.7 points) indicates adverse loss development.
“Prior Year loss and LAE ratio 19.7% vs 0% in prior year”
Recapitalization via debt-funded share repurchases increases financial leverage.
“Company intends to fund the recapitalization plan through various debt sources” · word for word
Employers Holdings, Inc. — questions
- What did Employers Holdings, Inc. file recently?
- 10 SEC filings in the last 12 months. Latest: 10-Q on 2026-07-30 — Q2 2026 earnings: net income slightly down YoY but EPS up due to buybacks; premium revenue declining.
Every figure on this page comes from Employers Holdings, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.