Employers Holdings Inc

For the period ended Mar 31, 2024. Filed Apr 26, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed Apr 26, 2024

EIG$47.30+0.4%Stored close · as of Nov 6, 2026

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Contents

PART 1 – FINANCIAL INFORMATION Item 1 Consolidated Financial Statements

PART I –FINANCIAL INFORMATION

Item 1. Consolidated Financial Statements

Employers Holdings, Inc. and Subsidiaries
Consolidated Balance Sheets
(in millions, except share data)
	As of	As of
	March 31,2024	December 31,2023
Assets · (unaudited)
Investments:
Fixed maturity securities at fair value (amortized cost $2,139.7 at March 31, 2024 and $2,048.0 at December 31, 2023, less CECL allowance of $3.2 at March 31, 2024 and $2.7 at December 31, 2023)	$2,013.8	$1,936.3
Equity securities at fair value (cost $125.9 at March 31, 2024 and $125.9 at December 31, 2023)	224.3	211.2
Equity securities at cost	6.0	6.0
Other invested assets (cost $88.9 at March 31, 2024 and $82.5 at December 31, 2023)	97.6	91.5
Short-term investments at fair value (amortized cost $38.2 at March 31, 2024 and $33.1 at December 31, 2023)	38.2	33.1
Total investments	2,379.9	2,278.1
Cash and cash equivalents	114.2	226.4
Restricted cash and cash equivalents	0.2	0.2
Accrued investment income	16.5	16.3
Premiums receivable (less CECL allowance of $19.7 at March 31, 2024 and $17.9 at December 31, 2023)	380.4	359.4
Reinsurance recoverable for:
Paid losses	6.7	6.3
Unpaid losses (less CECL allowance of $0.9 at March 31, 2024 and $0.9 at December 31, 2023)	423.1	427.5
Deferred policy acquisition costs	59.4	55.6
Deferred income tax asset, net	42.1	43.4
Property and equipment, net	6.6	6.5
Operating lease right-of-use assets	4.7	5.1
Intangible assets, net	13.6	13.6
Goodwill	36.2	36.2
Contingent commission receivable—LPT Agreement	14.4	14.2
Cloud computing arrangements	25.2	28.0
Other assets	39.6	33.6
Total assets	$3,562.8	$3,550.4
Liabilities and stockholders’ equity
Claims and policy liabilities:
Unpaid losses and loss adjustment expenses	$1,874.5	$1,884.5
Unearned premiums	402.3	379.7
Commissions and premium taxes payable	60.9	66.0
Accounts payable and accrued expenses	18.2	26.1
Deferred reinsurance gain—LPT Agreement	97.2	99.2
Operating lease liability	5.5	5.9
Non-cancellable obligations	14.1	17.0
Other liabilities	71.2	58.1
Total liabilities	$2,543.9	$2,536.5
Commitments and contingencies

Employers Holdings, Inc. and Subsidiaries
Consolidated Balance Sheets
(in millions, except share data)
	As of	As of
	March 31,2024	December 31,2023
Stockholders’ equity: · (unaudited)
Common stock, $0.01 par value; 150,000,000 shares authorized; 58,152,792 and 58,055,968 shares issued and 25,343,504 and 25,369,753 shares outstanding at March 31, 2024 and December 31, 2023, respectively	$0.6	$0.6
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued	—	—
Additional paid-in capital	419.5	419.8
Retained earnings	1,405.4	1,384.3
Accumulated other comprehensive loss, net of tax	(96.9)	(86.0)
Treasury stock, at cost (32,809,288 shares at March 31, 2024 and 32,686,215 shares at December 31, 2023)	(709.7)	(704.8)
Total stockholders’ equity	1,018.9	1,013.9
Total liabilities and stockholders’ equity	$3,562.8	$3,550.4

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