EIG earnings analysis
What we found in EIG's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Employers Holdings, Inc. (EIG) reported Q1 2026 net income of $10.2 million, down from $12.8 million the previous year. Revenues of $207.6 million fell short of analyst expectations, down from $213.2 million estimated. The company announced a 6.25% increase in the dividend to $0.34 per share, supported by share repurchases totaling $76.9 million during the quarter.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS Beat Expectations
- Reported EPS was $0.53, surpassing estimates of $0.52 by 1.92%.
- Dividend Increase
- Quarterly dividend raised by 6.25% to $0.34 per share.
- Stock Repurchase Program
- Repurchased 1,812,329 shares for $76.9 million during Q1 2026.
- Reduced Unrealized Investment Losses
- Net realized and unrealized losses on investments improved to $1.7M from $12.8M.
- Decreased Underwriting Expenses
- Underwriting expenses reduced to $40.9M, down from $42.9M.
- Stable Capital Resources
- Total cash and investments at the holding company were $42.3 million at March 31, 2026.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decline in Gross Premiums Written
- Gross premiums written dropped 14.8% to $180.8 million from $212.1 million YoY.
- Higher Losses and LAE
- Losses and LAE increased by 7.0% to $129.1 million from $120.7 million YoY.
- Increase in Commission Expenses
- Commission expenses rose to $23.7 million, increasing the commission expense ratio to 13.1%.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.53
- Gross margin
- 29.1%
- Operating margin
- 7.9%
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 26, 2026
- Employers Holdings (EIG) positions itself as a specialty, single-line workers' compensation insurer focused on small and mid-sized businesses, distributing primarily through traditional agencies, specialty partners…
- 10-Q · August 1, 2025
- Employers Holdings reported Q2 total revenues of $246.3 million, up from $217.0 million in Q2 2024, but results were weighed by higher losses and LAE that produced an underwriting loss of $11.0 million versus…
- 10-Q · April 26, 2024
- Employers Holdings reported total revenues of $223.1 million and net income of $28.3 million for the quarter ended March 31, 2024, up from $206.5 million and $23.6 million in Q1 2023. Growth in net premiums earned…
- 10-K · February 26, 2024
- Employers Holdings (EIG) positions itself as a specialty, single-line workers' compensation carrier focused on small businesses, growing non-traditional distribution while retaining a large traditional agency footprint.…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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