Employers Holdings Inc   (EIG)
Other Ticker:  
Price: $41.6100 $0.11 0.265%
Day's High: $41.88 Week Perf: 0.22 %
Day's Low: $ 41.38 30 Day Perf: -2.26 %
Volume (M): 134 52 Wk High: $ 46.78
Volume (M$): $ 5,588 52 Wk Avg: $40.52
Open: $41.68 52 Wk Low: $35.43

 Market Capitalization (Millions $) 1,061
 Shares Outstanding (Millions) 26
 Employees 716
 Revenues (TTM) (Millions $) 868
 Net Income (TTM) (Millions $) 123
 Cash Flow (TTM) (Millions $) 28
 Capital Exp. (TTM) (Millions $) 3

Employers Holdings Inc

We are a specialty provider of workers compensation insurance focused on select small businesses in low to medium hazard industries. We employ a disciplined, conservative underwriting approach designed to individually select specific types of businesses, predominantly those in the lowest four of the seven workers compensation insurance industry defined hazard groups, that we believe will have fewer and less costly claims relative to other businesses in the same hazard groups. Workers compensation is provided for under a statutory system wherein most employers are required to provide coverage for their employees medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses. We operate as a single reportable segment and conduct operations in 33 states and the District of Columbia, with a concentration in California, where over one-half of our business is generated.

Workers compensation provides insurance coverage for the statutorily prescribed benefits that employers are required to provide to their employees who may be injured or suffer illness in the course of employment. The level of benefits varies by state, the nature and severity of the injury or disease, and the wages of the injured worker. Each state has a statutory, regulatory, and adjudicatory system that sets the amount of wage replacement to be paid, determines the level of medical care required to be provided, establishes the degree of permanent impairment, and specifies the options in selecting healthcare providers. These state laws generally require two types of benefits for injured employees: (a) medical benefits, including expenses related to the diagnosis and treatment of an injury, disease, or both, as well as any required rehabilitation, and (b) indemnity payments, which consist of temporary wage replacement, permanent disability payments, and death benefits to surviving family members.

Our strategy is to pursue profitable growth opportunities across market cycles and maximize total investment returns within the constraints of prudent portfolio management. We pursue profitable growth opportunities by focusing on disciplined underwriting and claims management, utilizing medical provider networks designed to produce superior medical and indemnity outcomes, establishing and maintaining strong, long-term relationships with independent insurance agencies, and developing important alternative distribution channels. We continue to execute a number of strategic initiatives, including: focusing on internal and customer facing business process excellence; emphasizing the settlement of open claims; diversifying our risk exposure across our markets; utilizing a three-company pricing platform; utilizing territorial multipliers in California; non-renewing under-performing business; and targeting profitable classes of business across all of our markets.

We believe that we have a strong capital position. We periodically reassess our capital needs to ensure an optimal use of capital consistent with our goal to create shareholder value over the long-term. Our capital strategy is focused on supporting our business operations by maintaining capital levels commensurate with our desired ratings from independent rating agencies, satisfying regulatory constraints and legal requirements, and sustaining a level of financial flexibility to prudently manage our business through insurance and economic cycles while allowing us to take advantage of investment opportunities, including mergers and acquisitions and related financings, as and when they arise.

The role of our claims department is to actively and efficiently investigate, evaluate, and pay claims, and to aid injured workers in returning to work in accordance with applicable laws and regulations. We have implemented rigorous claims guidelines and control procedures in our claims units and have claims operations throughout the markets we serve. We also provide medical case management services for those claims that we determine will benefit from such involvement.
We utilize an outcome-based medical network that incorporates predictive analytics to identify medical providers who achieve superior clinical outcomes for our injured workers that allows us to optimize our provider network and enhance the quality of care. We have also implemented a proactive pharmacy benefit management program that, along with our outcome based medical network, focuses on reducing claims costs and accelerating injured workers return to work.

In addition to our medical networks, we work closely with local vendors, including attorneys, medical professionals, pharmacy benefits managers, and investigators, to bring local expertise to our reported claims. We pay special attention to reducing costs and have established discounting arrangements with the aforementioned service providers. We use preferred provider organizations, bill review services, and utilization management to closely monitor medical costs. We actively pursue fraud and subrogation recoveries to mitigate claims costs. Subrogation rights are based upon state and federal laws, as well as the insurance policies we issue. Our fraud and subrogation efforts are handled through dedicated units.

Our claims department also provides claims management services for those claims incurred by the Nevada State Industrial Insurance System (the Fund) and assumed by EICN and subject to a 100% retroactive reinsurance agreement (the LPT Agreement) with dates of injury prior to July 1, 1995. Additional information regarding the LPT Agreement is set forth under “–Reinsurance–LPT Agreement.” We receive a management fee from the third party reinsurers equal to 7% of the loss payments on these claims.

We conduct premium audits on substantially all of our policyholders annually upon the policy expiration. Premium audits allow us to comply with applicable state and reporting bureau requirements and to verify that policyholders have accurately reported their payroll and employee job classifications. We also selectively perform interim audits on certain classes of business or if unusual claims are filed or concerns are raised regarding projected annual payrolls, which could result in substantial variances at final audit.

We maintain business continuity and disaster recovery plans for our critical business functions, including the restoration of information technology infrastructure and applications. We have two data centers that act as production facilities and as disaster recovery sites for each other. In addition, we utilize an off-site data storage facility for critical customer and systems data.

   Company Address: 2340 Corporate Circle, Suite 200 Henderson, 89074 NV
   Company Phone Number: 682-6671   Stock Exchange / Ticker: NYSE EIG

Customers Net Income fell by EIG's Customers Net Profit Margin fell to

-12.27 %

9.83 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


Stock Performances by Major Competitors

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Employers Holdings Inc

Employers Holdings Inc (NYSE: EIG) Reports Impressive 29.07% Profit Growth in Q1 2024

Employers Holdings Inc (NYSE: EIG) recently released its financial results for the first quarter ending March 31, 2024, showcasing positive growth in revenue and profitability. The company reported a revenue increase of 8.039% to $223.10 million compared to $206.50 million in the same period last year. Additionally, EIG posted a profitability growth of 29.07% with earnings per share rising to $1.11 from $0.86 in the prior year.
However, when compared to its peers in the Property & Casualty Insurance industry, it is evident that EIG has underperformed. While its peers announced revenue growth of 19.21% in the same period, EIG only saw an 8.039% increase. This could be reflective of the company's performance in the previous quarter, where revenue decreased by -1.152% and income faded by -37.31%.

Employers Holdings Inc

EMPLOYERS Holdings Inc Sees Revenue Growth, But Income Declines

EMPLOYERS Holdings Inc Faces Declining Income Despite Revenue Growth
RENO, Nev. - Despite a revenue advance of 1.758% in the October to December 31, 2023, period, EMPLOYERS Holdings Inc (NYSE: EIG) experienced a decline in income of -2.06% compared to the corresponding financial reporting period from a year prior. The company reported revenue of $225.70 million and earnings per share (EPS) of $1.77 during the mentioned period.
While EMPLOYERS Holdings Inc showed a top-line increase compared to its Property & Casualty Insurance industry peers, with an average 12.36% growth relative to Q4 of 2022, earnings per share experienced a rapid growth of 227.9% from $0.54 per share in the same period a year earlier. Revenue also advanced by 10.909% from $203.50 million.


EMPLOYERS Chosen as Preferred Provider of Workers' Compensation by GHLA

Published Thu, Jan 11 2024 5:55 PM UTC

EMPLOYERS Named GHLA's Choice for Workers' CompRENO, Nev. - EMPLOYERS (NYSE: EIG), a leading provider of workers' compensation insurance, has been selected as the Georgia Hotel & Lodging Association's (GHLA) workers' compensation provider of choice. This partnership offers exceptional workers' compensation coverage and benefits to the hotel and lodging sectors in Georgia. Ka...

Employers Holdings Inc

Transforming Setbacks into Success: Employers Holdings Inc. Overcomes Uninspiring Times in Fiscal Year ending Sep 30 2023

EIG, also known as Employers Holdings Inc, recently released their financial results for the third quarter of 2023 earnings season. Unfortunately, the company announced disappointing earnings, with a decrease in both earnings per share (EPS) and revenue compared to the previous year.
The EPS deteriorated by -22.86% from $0.70 to $0.54. This means that the company's profitability per share has decreased significantly. Similarly, the revenue sunk by -0.44% to $203.50 million, indicating a decline in the company's overall sales income.

Employers Holdings Inc

Employers Holdings Inc Reports Increased Positive Income and Soaring EPS in Q2 2023, Attributes Success to Significant Revenue Growth

Employers Holdings Inc (EIG) is a company that has shown impressive growth and improvement in its financial performance. For the fiscal period from April to June 2023, the company reported positive income of $1.30 per share, compared to a loss of $0.56 per share in the previous year. This represents a significant increase in earnings per share of 51.16%.
The revenue of Employers Holdings Inc also saw a substantial rise, increasing by 59.054% to $215.20 million from $135.30 million in the same reporting period a year ago. Sequentially, the revenue advanced by 4.213% from $206.50 million. This growth in revenue indicates strong sales and reflects the company's ability to attract customers and generate increased business.


Employers Holdings Inc's Segments
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  Company Estimates  
  Revenue Outlook
Employers Holdings Inc does not provide revenue guidance.

Earnings Outlook
Employers Holdings Inc does not provide earnings estimates.

Geographic Revenue Dispersion


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