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Employers Holdings Inc (EIG)
NYSE:EIG
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.75Last Year’s EPS
0.67Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 0.29%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a balanced sentiment with significant achievements in premium growth, investment performance, and expense ratio improvements, offset by challenges such as increased loss and LAE ratios and lower favorable prior year loss reserve development.Company Guidance
During the fourth quarter 2024 earnings call for Employers Holdings, Inc., the company reported its highest levels of written and earned premiums, ending enforced premium and policies, and net investment income in its history. Gross written premium, excluding final audit premiums and changes in audit accruals, increased by 3% in Q4 and 6% for the full year. The company's combined ratio was 95.5% for Q4 and 98.6% for the full year, excluding the LPT, marking its tenth consecutive year of underwriting profit. Underwriting and general administrative ratios decreased to 23.2% in Q4 from 24.6% a year ago, and to 23.5% for the full year from 24.9%. The decreases were attributed to cost savings from the Cerity integration plan. The company recognized $9 million of net favorable prior year loss reserve development in Q4. Net premiums earned rose by 1% for the quarter and 4% for the year, while net investment income was $27 million in Q4 and $107 million for the year. The company repurchased $10 million of its common stock in Q4 and declared a dividend of $0.30 per share for Q1 2025. Despite a competitive rate environment, the company anticipates increasing its 2025 accident year loss and LAE ratio for voluntary business, aligning with industry trends.Record High Written and Earned Premium
The company achieved the highest levels of written and earned premium in its history, with gross written premium excluding audit premiums increasing by 3% in the fourth quarter and 6% for the full year.
Strong Investment Performance
Net investment income was $27 million for the fourth quarter, and $107 million for the year, with strong net unrealized gains from common stock and other investments.
Underwriting Profit for Tenth Consecutive Year
The company achieved a combined ratio of 95.5% for Q4 and 98.6% for the full year, marking the tenth straight year of underwriting profit in its long-tailed line of business.
Expense Ratio Improvements
Underwriting and general administrative expense ratios decreased to 23.2% for Q4 and 23.5% for the full year, down from 24.6% and 24.9% respectively, primarily due to cost savings from the Cerity integration plan.
AM Best Rating Upgrade
AM Best upgraded the financial strength ratings of each insurance company to A, reinforcing the company's ability to provide reliable, high-quality coverage.
Shareholder Returns
The company returned $72 million to stockholders through share repurchases and regular quarterly dividends, improving key financial metrics.
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EIG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EIG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $48.81 | $48.95 | +0.29% |
| Oct 30, 2024 | $47.67 | $48.45 | +1.64% |
| Jul 31, 2024 | $47.42 | $45.73 | -3.56% |
| Apr 25, 2024 | $42.68 | $43.17 | +1.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Employers Holdings Inc (EIG) report earnings?
Employers Holdings Inc (EIG) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Employers Holdings Inc (EIG) earnings time?
Employers Holdings Inc (EIG) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EIG EPS forecast?
EIG EPS forecast for the fiscal quarter 2025 (Q1) is 0.75.
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