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…
Earnings analysis · 10-Q
EIG earnings analysis
Filed May 1, 2026 · Our reading of the company's report
The latest report
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.…
Read full summary
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.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.53
What stood out
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EPS Beat Expectations
Reported EPS was $0.53, surpassing estimates of $0.52 by 1.92%.
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Dividend Increase
Quarterly dividend raised by 6.25% to $0.34 per share.
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Stock Repurchase Program
Repurchased 1,812,329 shares for $76.9 million during Q1 2026.
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Reduced Unrealized Investment Losses
Net realized and unrealized losses on investments improved to $1.7M from $12.8M.
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Decreased Underwriting Expenses
Underwriting expenses reduced to $40.9M, down from $42.9M.
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Stable Capital Resources
Total cash and investments at the holding company were $42.3 million at March 31, 2026.
What to watch
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Decline in Gross Premiums Written
Gross premiums written dropped 14.8% to $180.8 million from $212.1 million YoY.
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Higher Losses and LAE
Losses and LAE increased by 7.0% to $129.1 million from $120.7 million YoY.
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Increase in Commission Expenses
Commission expenses rose to $23.7 million, increasing the commission expense ratio to 13.1%.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.