Employers Holdings, Inc.

For the period ended Jun 30, 2026. Filed Jul 30, 2026.

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.

Jun 30, 2026 · Filed Jul 30, 2026

EIG$47.56+0.5%Stored close · as of Nov 9, 2026

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Contents

PART I – 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
	June 30,2026	December 31,2025
Assets · (unaudited)
Investments:
Fixed maturity securities at fair value (amortized cost $2,054.5 at June 30, 2026 and $2,031.8 at December 31, 2025, less CECL allowance of $1.1 at June 30, 2026 and $0.4 at December 31, 2025)	$2,037.9	$2,040.7
Equity securities at fair value (cost $87.1 at June 30, 2026 and $96.5 at December 31, 2025)	171.5	184.0
Equity securities at cost	8.7	7.5
Other invested assets (cost $77.4 at June 30, 2026 and $79.4 at December 31, 2025)	96.1	96.5
Short-term investments at fair value (amortized cost $21.7 at June 30, 2026 and $10.1 at December 31, 2025)	21.7	10.1
Total investments	2,335.9	2,338.8
Cash and cash equivalents	113.3	159.8
Restricted cash and cash equivalents	0.2	0.2
Accrued investment income	16.3	15.5
Premiums receivable (less CECL allowance of $24.7 at June 30, 2026 and $22.6 at December 31, 2025)	332.1	335.4
Reinsurance recoverable for:
Paid losses	7.3	5.9
Unpaid losses (less CECL allowance of $0.8 at June 30, 2026 and $0.8 at December 31, 2025)	379.3	385.7
Deferred policy acquisition costs	56.3	57.1
Federal income taxes recoverable	10.4	16.1
Deferred income tax asset, net	18.5	14.3
Property and equipment, net	6.2	6.5
Operating lease right-of-use assets	3.4	3.7
Intangible assets, net	13.6	13.6
Goodwill	36.2	36.2
Cloud computing arrangements	15.2	12.9
Other assets	36.1	34.9
Total assets	$3,380.3	$3,436.6
Liabilities and stockholders’ equity
Unpaid losses and loss adjustment expenses	$1,775.2	$1,805.8
Unearned premiums	385.1	391.9
Commissions and premium taxes payable	55.1	59.9
Accounts payable and accrued expenses	18.7	23.4
Deferred reinsurance gain—LPT Agreement	85.3	88.0
Short-term debt	—	16.0
Operating lease liability	3.6	3.9
Non-cancellable obligations	6.2	7.7
Long-term debt	125.0	19.0
Other liabilities	67.3	65.3
Total liabilities	$2,521.5	$2,480.9
Commitments and contingencies (Notes 3 and 6)

Employers Holdings, Inc. and Subsidiaries
Consolidated Balance Sheets
(in millions, except share data)
	As of	As of
	June 30,2026	December 31,2025
Stockholders’ equity: · (unaudited)
Common stock, $0.01 par value; 150,000,000 shares authorized; 58,352,888 and 58,276,637 shares issued and 17,954,305 and 20,342,135 shares outstanding at June 30, 2026 and December 31, 2025, respectively	$0.6	$0.6
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued	—	—
Additional paid-in capital	429.3	427.8
Retained earnings	1,480.5	1,453.8
Accumulated other comprehensive (loss) income, net of tax	(12.2)	7.3
Treasury stock, at cost (40,398,583 shares at June 30, 2026 and 37,934,502 shares at December 31, 2025)	(1,039.4)	(933.8)
Total stockholders’ equity	858.8	955.7
Total liabilities and stockholders’ equity	$3,380.3	$3,436.6

Employers Holdings, Inc. and Subsidiaries
Consolidated Statements of Comprehensive Income
(in millions, except per share data)
Three Months Ended · Six Months Ended
	June 30,		June 30,
	2026	2025	2026	2025
Revenues · (unaudited) · (unaudited)
Net premiums earned	$174.1	$198.3	$355.0	$381.3
Net investment income	27.4	27.1	55.7	59.2
Net realized and unrealized gains on investments	18.7	20.9	17.0	8.1
Other income	—	—	0.1	0.3
Total revenues	220.2	246.3	427.8	448.9
Expenses
Losses and loss adjustment expenses	122.3	140.1	251.5	260.8
Commission expense	22.2	26.1	45.9	49.1
Underwriting expenses	39.7	43.1	80.6	86.0
Interest and financing expenses	1.3	—	2.4	0.1
Total expenses	185.5	209.3	380.4	396.0
Net income before income taxes	34.7	37.0	47.4	52.9
Income tax expense	5.6	7.3	8.2	10.4
Net income	$29.1	$29.7	$39.2	$42.5
Comprehensive income
Unrealized AFS investment (losses) gains arising during the period, net of tax benefit (expense) of $1.0 and $(2.0) for the three months ended June 30, 2026 and 2025, respectively, and $5.5 and $(7.7) and for the six months ended June 30, 2026 and 2025, respectively	$(3.6)	$7.4	$(20.3)	$28.5
Reclassification adjustment for realized AFS investment losses in net income, net of tax benefit of $(0.1) for the three months ended June 30, 2026, and $(0.2) for each of the six months ended June 30, 2026 and 2025, respectively	0.4	0.1	0.8	0.8
Other comprehensive (loss) income, net of tax	(3.2)	7.5	(19.5)	29.3
Total comprehensive income	$25.9	$37.2	$19.7	$71.8
Earnings per common share (Note 13):
Basic	$1.60	$1.24	$2.09	$1.76
Diluted	$1.59	$1.23	$2.07	$1.74
Cash dividends declared per common share and eligible equity plan awards	$0.34	$0.32	$0.66	$0.62

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