Key Highlights:

  • Adjusted EPS came in at USD 0.70, representing a 46% increase from USD 0.48 in the prior year quarter.
  • Diluted EPS totaled USD 1.59, representing a 29% increase from USD 1.23 in the prior year quarter.
  • Net Income stood at USD 29.1 million, compared to USD 29.7 million in the prior year quarter.
  • Gross Premiums Written was reported at USD 163.4 million, a decrease of 19.6% reflecting deliberate pricing and underwriting actions.

Employers Holdings Inc (NYSE:EIG) is scheduled to report third quarter results on Wednesday, Oct. 28, after the market close. Consensus estimates call for adjusted earnings per share of USD 0.59 on revenue of USD 191.46 million, against a market capitalization of USD 934.49 million.

In the most recently reported quarter, Adjusted EPS totaled USD 0.70, representing a 46% increase from USD 0.48 in the prior year quarter.

Net Premiums Earned and Other Business Trends

Net Premiums Earned came in at USD 174.1 million, a decline of 12.2% from USD 198.3 million. Policies in Force totaled 127,601, a 5.1% decrease from 134,421 as the company concentrated on core small business segments. GAAP Combined Ratio stood at 105.8%, increasing slightly from 105.6% in the prior year quarter. Loss and LAE Ratio was reported at 70.2%, an improvement from 70.7% in the prior year quarter.

Current Accident Year Loss and LAE Ratio and Capital Position

Current Accident Year Loss and LAE Ratio came in at 72.0% on voluntary business, which is consistent with the full-year 2025 ratio. Underwriting Expenses totaled USD 39.7 million, a decrease of 7.9% driven by reduced policyholder dividends, bad debt, and personnel costs. Underwriting Expense Ratio stood at 22.8%, compared to 21.7% last year, with the increase attributed to a smaller earned premium base. Net Investment Income was reported at USD 27.4 million, an increase of 1.1% aided by investment rebalancing. Weighted Average Book Yield came in at 4.9%, representing a 40 basis point improvement from 4.5% a year ago.

Share Repurchases and Additional Detail

Share Repurchases came in at 651,752 shares repurchased for USD 27.7 million at an average price of USD 42.43 per share. Repurchase Authorization totaled USD 113.0 million remaining under the 2026 program through the end of 2027. Book Value per Share stood at USD 52.58, including the deferred gain, an increase of 9.0% year over year. Adjusted Book Value per Share was reported at USD 53.26, an increase of 5.6%. Quarterly Dividend came in at USD 0.34 per share, consistent with the 6.5% increase implemented in the prior quarter.

Figures to Follow in the Release

Investors can watch third quarter results against the figures management has already put on record, including the following: management's stated figures from the most recent quarter.