Welcome to our dedicated page for Employers Hldgs news (Ticker: EIG), a resource for investors and traders seeking the latest updates and insights on Employers Hldgs stock.
Employers Holdings, Inc. (NYSE: EIG) maintains its position as a leading provider of workers' compensation insurance solutions for small businesses nationwide. This comprehensive news hub delivers official updates and analysis on corporate developments, financial performance, and industry leadership.
Investors and industry professionals will find curated press releases covering quarterly earnings, regulatory updates, and strategic initiatives like the Cerity subsidiary's digital insurance innovations. Track operational milestones including state expansions, partnership announcements, and technology-driven service enhancements.
All content undergoes strict verification to ensure accuracy and relevance for stakeholders. The repository serves as an essential resource for understanding EIG's market position, risk management practices, and commitment to serving low-to-medium hazard industries.
Bookmark this page for direct access to primary source materials from Employers Holdings' corporate communications team. Regular updates provide insights into the evolving workers' compensation landscape and the company's role in shaping small business insurance solutions.
Employers Holdings, Inc. (NYSE:EIG) reported its Q2 2024 financial results, showing a mixed performance. Key highlights include:
- Net income per diluted share of $1.25, down from $1.30 in Q2 2023
- Gross premiums written increased 5% to $207.9 million
- Net premiums earned rose 6% to $187.8 million
- GAAP combined ratio of 94.2% (95.4% excluding LPT), up from 90.4% (91.5% excluding LPT)
- Underwriting and general and administrative expense ratio improved to 22.0% from 26.0%
- Record number of ending policies in-force at 128,522, up 3% year-over-year
The company declared a regular quarterly dividend of $0.30 per share and continued its share repurchase program, buying back 461,789 shares at an average price of $41.53 per share during Q2 2024.
Simply Business, a leading digital insurance broker for small businesses, has partnered with EMPLOYERS, a major workers' compensation insurance provider. This collaboration expands Simply Business' ability to digitally quote and bind workers' compensation policies for over 300 small business types across eligible states.
The partnership aims to address the challenges small businesses face in obtaining required workers' compensation coverage, often due to lack of knowledge or high costs. Simply Business focuses on offering tailored and affordable solutions for small business owners.
This expansion adds to Simply Business' diverse panel of nationally recognized workers' compensation providers, including its recent strategic collaboration with Cerity Insurance announced in 2023.
Employers Holdings, Inc. (NYSE:EIG) will release its second quarter 2024 financial results on Wednesday, July 31, 2024, after market close. These results will be accessible on the Company’s website under the 'Investors' section. The company will host a conference call and webcast to discuss the results on Thursday, August 1, 2024, at 11:00 a.m. EDT / 8:00 a.m. PDT. Interested participants need to register beforehand to receive dial-in details and a unique PIN. The webcast and an archived version will be available on the Company’s website. Employers Holdings, Inc. specializes in workers' compensation insurance for small and medium-risk businesses across the United States, excluding four states served by state funds. Their subsidiaries, including Employers Insurance Company of Nevada and Employers Compensation Insurance Company, are rated A- (Excellent) by A.M. Best.
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