Employers Holdings, Inc. Reports Third Quarter 2026 Results and Declares Regular Quarterly Dividend of $0.34 per Share
Key Highlights
- ➤Net income $11.6 million, or $0.64 per diluted share, versus a $8.3 million loss
- ➤Adjusted net income $12.8 million, or $0.71 per diluted share, versus a $25.5 million loss
- ➤GAAP combined ratio improved to 108.4% from 129.7%
- ➤Gross premiums written fell 17.8% to $151.1 million amid profitability-focused underwriting actions
- ➤Board declared regular quarterly dividend of $0.34 per share, payable December 3
Expert Statements
Katherine Antonello, Chief Executive Officer of Employers Holdings, Inc.
“Our third quarter results reflect the progress we are making to restore our underwriting profitability to historical levels.”
Katherine Antonello, Chief Executive Officer of Employers Holdings, Inc.
“The improvement was driven primarily by the absence of the reserve strengthening we recorded in that quarter, and we have not recognized any prior year loss development on our voluntary business this year.”
Katherine Antonello, Chief Executive Officer of Employers Holdings, Inc.
“Returning to an underwriting profit remains our top priority.”
Katherine Antonello, Chief Executive Officer of Employers Holdings, Inc.
“Our investment portfolio continues to be a source of strength.”
Katherine Antonello, Chief Executive Officer of Employers Holdings, Inc.
“With the significant rise in U.S. interest rates, our investment portfolio is well positioned to take advantage of higher reinvestment rates to contribute meaningfully to earnings over time.”
Katherine Antonello, Chief Executive Officer of Employers Holdings, Inc.
“Our excess workers’ compensation product, which we launched in June, is off to a strong start, with 31 accounts and $6.5 million in premium to date.”
Katherine Antonello, Chief Executive Officer of Employers Holdings, Inc.
“With these initiatives, I am confident we are building a stronger, more resilient company.”
RENO, Nev., Oct. 28, 2026 (GLOBE NEWSWIRE) -- Employers Holdings, Inc. (the “Company”) (NYSE:EIG), a holding company with subsidiaries that are specialty providers of workers’ compensation insurance, excess workers’ compensation, and related services, today reported financial results for its third quarter ended September 30, 2026.
Third Quarter 2026 Financial Highlights (All comparisons versus third quarter 2025) * Net income (loss) of $11.6 million ($0.64 per diluted share), versus $(8.3) million ($(0.36) per diluted share); * Adjusted net income (loss) of $12.8 million ($0.71 per diluted share), versus $(25.5) million ($(1.10) per diluted share); * Gross premiums written of $151.1 million, versus $183.9 million; * Net premiums earned of $160.2 million, versus $192.1 million; * Loss and LAE ratio decreased to 71.2% from 97.1%; * Commission expense ratio increased to 12.9% from 12.0%; * Underwriting expense ratio increased to 24.3% from 20.6%; * GAAP combined ratio of 108.4% (109.2% excluding the LPT), versus 129.7% (130.4% excluding the LPT); * Net investment income increased to $32.3 million from $26.1 million; * Net realized and unrealized (losses) gains on investments of $(3.2) million, versus $21.2 million; * Policies in force of 124,043, versus 135,414; * Book value per share including the Deferred Gain of $49.44, an increase of 2.1%, and Adjusted book value per share of $53.64, up 7.1% (both growth rates include dividends declared); and * Returned $24.4 million to stockholders through a combination of share repurchases and regular quarterly dividends. CEO Commentary
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