Employers Holdings, Inc.
- Open
- 49.70
- Day high
- 49.70
- Day low
- 48.23
- Prev close
- 49.19
- Volume
- 100K
- Mkt cap
- $876M
- P/E (TTM)
- 70.7
- EPS (TTM)
- $0.69
- P/B
- 1.0
- P/S
- 1.0
- Yield
- 2.70%
- Per share
- $1.32
Employers Holdings, Inc. (EIG) is a Financial Services company listed on NYSE. The stock is up 13% over the past year. Drillr has 1 published research article covering EIG.
Employers Holdings, Inc. (EIG) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
EIG earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 30, 2026 | $0.57 | $0.70 | +23.2% | $220M | +8.2% |
| Apr 30, 2026 | $0.55 | $0.53 | -3.3% | $208M | -2.6% |
| Feb 19, 2026 | $0.41 | $0.66 | +61.0% | $170M | -21.7% |
| Oct 30, 2025 | $0.61 | $-1.10 | -280.3% | $239M | +10.1% |
| Jul 30, 2025 | $0.94 | $0.48 | -48.9% | $246M | +13.1% |
| May 1, 2025 | $0.69 | $0.87 | +26.1% | $203M | -7.0% |
| Feb 20, 2025 | $1.08 | $1.15 | +6.5% | $217M | -2.1% |
| Jul 31, 2024 | $1.09 | $1.10 | +1.2% | $217M | -3.5% |
| Apr 25, 2024 | $0.69 | $0.67 | -2.8% | $223M | -0.2% |
| Feb 15, 2024 | $1.08 | $1.40 | +29.6% | $226M | +4.8% |
| Oct 25, 2023 | $0.69 | $0.68 | -1.4% | $204M | -5.2% |
| Jul 26, 2023 | $0.96 | $1.17 | +21.9% | $215M | +2.1% |
EIG insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 19, 2026 | Pollak Matthew Robertofficer: Principal Accounting Officer | Tax | 155 | $48.09 |
| Aug 3, 2026 | BUSH STEPHANIE Cdirector | Grant | 1,841 | — |
| Aug 3, 2026 | Lisenby Jeffrey Pattonofficer: EVP, General Counsel | Grant | 3,392 | — |
| May 29, 2026 | Perez-Tenessa Alejandrodirector | Grant | 55 | — |
| May 29, 2026 | MOCKARD JEANNE Ldirector | Grant | 2,196 | — |
| May 29, 2026 | Pestcoe Marvindirector | Grant | 2,196 | — |
| May 29, 2026 | McColgan Michael Jdirector | Grant | 96 | — |
| May 29, 2026 | Perez-Tenessa Alejandrodirector | Grant | 2,196 | — |
| May 29, 2026 | Sorenson Steven Pdirector | Grant | 2,196 | — |
| May 29, 2026 | Higgins Barbara Adirector | Grant | 2,196 | — |
| May 29, 2026 | de Figueiredo Joao Mdirector | Grant | 16 | — |
| May 29, 2026 | McColgan Michael Jdirector | Grant | 2,196 | — |
| May 29, 2026 | Sorenson Steven Pdirector | Grant | 20 | — |
| May 29, 2026 | de Figueiredo Joao Mdirector | Grant | 2,196 | — |
| Mar 20, 2026 | Antonello Katherine H.director, officer: President & CEO | Tax | 5,258 | $39.04 |
Source: EIG SEC Form 4 filings, latest Aug 19, 2026. For informational purposes only — not investment advice.
See the full EIG insider & 13F page →Employers Holdings, Inc. company profile
Overview
Employers Holdings, Inc. (NYSE:EIG) is a commercial property and casualty insurance company founded in 2000 and headquartered in Reno, Nevada. The company went public in 2007 and has established itself as a specialized provider of workers' compensation insurance, focusing primarily on small businesses in low to medium hazard industries across the United States. Over its more than two decades of operation, Employers Holdings has built a reputation for consistent underwriting profitability, achieving ten consecutive years of underwriting profits as of 2024, while expanding its business through strategic acquisitions and appetite expansion into new risk segments.
Business
Employers Holdings operates in the workers' compensation insurance sector, which is a specialized segment of the commercial property and casualty insurance industry. Workers' compensation insurance is a form of insurance that provides wage replacement and medical benefits to employees who are injured or become ill as a direct result of their job. This type of insurance is mandatory in most U.S. states, creating a stable demand base for insurers. The company's core business revolves around underwriting workers' compensation policies for small businesses, typically those with fewer than 100 employees operating in industries classified as low to medium hazard. These industries include retail, restaurants, professional services, and light manufacturing, as opposed to high-risk sectors like construction or heavy industrial work. Workers' compensation insurance covers medical expenses, rehabilitation costs, and lost wages for employees who suffer work-related injuries or illnesses, while also protecting employers from potential lawsuits related to workplace injuries. The company operates through two main business segments, though it has been consolidating operations: 1. Employers segment: This represents the vast majority of the company's business, generating approximately 95% of gross written premiums. This segment focuses on traditional workers' compensation insurance sold through independent agents and brokers, as well as direct-to-customer channels. 2. Cerity segment: This smaller segment, which the company acquired and has been integrating, focuses on digital distribution of workers' compensation insurance, particularly targeting small businesses through online platforms and partnerships with companies like Intuit and trade associations. The company has been expanding its "appetite" by entering new class codes (industry classifications) that represent profitable growth opportunities while maintaining its focus on low to medium hazard businesses. This appetite expansion strategy has been generating approximately 20% of new and renewal premiums in recent quarters.
Competitive moat
Employers Holdings operates in a business with moderate competitive moats, though these are not exceptionally strong or durable. The company's primary moat comes from regulatory barriers and specialized expertise in workers' compensation insurance. Workers' compensation is a highly regulated, state-by-state business that requires significant actuarial expertise, regulatory compliance knowledge, and claims management capabilities. New entrants must obtain insurance licenses in each state, meet capital requirements, and develop the operational infrastructure to handle claims processing and regulatory reporting. The company has built operational advantages through its decade-plus track record of underwriting profitability, which demonstrates disciplined risk selection and pricing capabilities. Its focus on small businesses in low-to-medium hazard industries has created specialized knowledge in underwriting these risks effectively. The company's growing scale (over 125,000 policies in force) provides some cost advantages in spreading fixed expenses across a larger premium base. However, the moat is relatively weak compared to other insurance sectors. Workers' compensation is a commoditized product with limited differentiation opportunities, and the industry faces ongoing competitive pressure. The company competes against much larger national carriers like Liberty Mutual and Travelers, well-capitalized regional players, and increasingly, insurtech companies that are leveraging technology to streamline operations and pricing. The competitive environment has led to consistent rate decreases of 3-4% annually in recent years. Potential disruption comes from several sources: large national carriers with superior scale economies and technology investments, insurtech companies offering more efficient digital experiences and potentially better pricing through advanced analytics, and the possibility of regulatory changes that could alter the workers' compensation landscape. The company's relatively small size (compared to major national carriers) limits its ability to invest heavily in technology and may constrain its negotiating power with reinsurers and service providers. While the regulatory complexity provides some protection, it's not insurmountable for well-funded competitors.
Risks & safety
The company demonstrates strong financial stability with minimal solvency risk, though valuation appears fairly priced to slightly expensive. **Liquidity and Solvency:** - Minimal debt with debt-to-equity ratio of 0.004 (essentially debt-free) - Strong current ratio of 1.67 indicating solid short-term liquidity - Cash and short-term investments of $100.6 million as of Q1 2025 - Positive free cash flow of $14.6 million in Q1 2025, $71.5 million for full year 2024 - No meaningful cash burn concerns given the insurance business model generates cash from premium collections **Valuation Metrics:** - P/E ratio of 24.8 (Q1 2025) appears elevated for a mature insurance company - Price-to-book ratio of 1.18 suggests modest premium to book value - Return on equity of 11.1% (2024) indicates reasonable profitability - Graham number suggests potential overvaluation relative to conservative metrics **Other Considerations:** - AM Best upgraded financial strength rating to "A" indicating strong claims-paying ability - Consistent dividend payments with recent 7% increase to $0.32 quarterly - Active share buyback program with $125 million authorization - Ten consecutive years of underwriting profitability provides earnings stability
Recent development
Over the past few years, Employers Holdings has executed several key strategic initiatives focused on profitable growth and operational efficiency. The company's primary strategic pivot has been appetite expansion, systematically entering new workers' compensation class codes (industry segments) that offer attractive risk-adjusted returns while maintaining its focus on low-to-medium hazard businesses. This expansion has been successful, with appetite expansion classes generating approximately 20% of new and renewal premiums by late 2024. A significant development was the integration of the Cerity acquisition, which the company completed purchasing to enhance its digital distribution capabilities. Rather than operating Cerity as a separate segment, management consolidated the operations to capture cost synergies and eliminate duplicate expenses. This integration has contributed to reducing the company's expense ratio from over 25% to 23.4% by 2025, while incorporating Cerity's digital capabilities and API partnerships with companies like Intuit. The company has also focused heavily on digital transformation and distribution channel diversification. Beyond traditional agent and broker relationships, Employers Holdings has developed direct-to-customer capabilities, API integrations for seamless quote-to-bind processes, and partnerships with trade associations and professional organizations. These digital initiatives are designed to reduce acquisition costs and improve customer experience while accessing new market segments. Investment strategy evolution has been another key development, with the company transitioning portions of its portfolio to higher-yielding mortgage-backed securities (yielding near 6%) to replace lower-yielding assets. This shift, facilitated through Federal Home Loan Bank letters of credit, has contributed to a 20% increase in net investment income. The company has also maintained an active capital return program, returning over $70 million annually to shareholders through share repurchases and dividends, while recently increasing its quarterly dividend by 7% and authorizing a new $125 million share buyback program, demonstrating confidence in its cash generation capabilities.
EIG company profile · for informational purposes only — not investment advice.
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