NYSE$EIG

Employers Holdings Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Employers Holdings, Inc. reported an increase in net income per diluted share and adjusted net income per diluted share, along with growth in gross and net premiums written. They also reached a record number of ending policies in-force.

Employers Holdings, Inc. reported a 20% increase in net income to $28.3 million and an 8% increase in gross premiums written to $210.9 million. The company ended the quarter with a record number of policies in-force.

  • Net income per diluted share increased 29% to $1.11.
  • Adjusted net income per diluted share increased 12% to $0.67.
  • Gross premiums written increased 8% to $210.9 million.
  • Ended the quarter with a record number of 127,484 policies in-force, up 4% year-over-year.

Headline financials

Total Revenue

$223M

Previous: $207M+8.0%
EPS

$1.11

Previous: $0.60+85.0%
Loss and LAE ratio

63.0%

Previous: 62.2%+1.3%
Commission expense ratio

13.6%

Previous: 13.5%+0.7%
Underwriting expense ratio

25.0%

Previous: 25.7%-2.7%
GAAP combined ratio

101.6%

No prior period
Combined ratio (excl. LPT)

102.7%

No prior period
Gross premiums written

$211M

No prior period
Net premiums earned

$185M

No prior period
Net investment income

$26.8M

No prior period
Capital Expenditures

-$1.3M

Previous: -$500K-160.0%
Free Cash Flow

$27M

Previous: $23.1M+16.9%
Net Income

$28.3M

Previous: $23.6M+19.9%
Operating Income

-$81.2M

Previous: -$78.4M-3.6%
Gross Profit

$107M

Previous: $99.1M+7.6%
Stock-Based Comp

$1.5M

Previous: $1.8M-16.7%

Revenue & EPS history

Employers · Revenue · Quarterly

$223M

Q1 2024+8%vs Q1 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+0.1%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-0.3%

Avg return

30 days after

51%

34 / 67 earnings

Positive

+18.5%

Q4 2015

Best reaction

-18.4%

Q4 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.1%-2.5%+1.6%
Q4 2025-7.9%-2.0%-7.9%
Q3 2025-11.5%-7.6%-2.2%
Q1 2025+1.9%+0.4%+1.2%
Q4 2024+0.3%+4.0%+0.8%
Q3 2024+1.9%+0.0%+11.7%
Q2 2024-2.4%-3.3%+1.1%
Q1 2024-2.0%-5.1%-8.0%
Q4 2023+5.7%+5.7%+4.2%
Q3 2023-4.0%-4.3%-2.0%
Q2 2023+4.2%+3.6%+4.1%
Q1 2023-5.2%-4.9%-13.6%
Q4 2022+6.2%-0.7%-5.6%
Q3 2022+14.9%+18.3%+22.7%
Q2 2022-3.7%-8.8%-2.0%
Q1 2022-4.7%-6.6%+1.1%
Q4 2021+3.0%+1.8%+3.3%
Q3 2021-0.7%-0.3%+2.1%
Q2 2021-7.4%-6.1%-2.6%
Q1 2021+1.2%-2.0%+4.2%
Q3 2020-1.2%-2.8%-0.1%
Q2 2020+6.8%+3.8%+0.7%
Q1 2020-9.1%-7.4%-5.4%
Q4 2019-5.5%-3.7%-22.4%
Q3 2019-4.5%-2.6%-2.3%
Q2 2019+2.6%+1.2%-2.1%
Q1 2019+8.9%+4.3%+1.7%
Q4 2018-3.3%-9.3%-13.9%
Q3 2018+8.7%+12.0%+7.3%
Q2 2018+6.9%+8.4%+4.9%
Q1 2018+0.6%-0.1%-1.2%
Q4 2017+7.2%+3.7%-1.2%
Q3 2017+2.9%+3.3%+6.8%
Q2 2017-1.5%-1.4%-5.3%
Q1 2017+0.3%+3.8%+1.1%
Q4 2016+4.0%+2.3%-3.1%
Q3 2016+1.6%+1.6%+17.7%
Q2 2016-6.7%-12.9%-7.9%
Q1 2016-0.2%
Q4 2015+18.5%
Q3 2015+13.1%
Q2 2015+8.5%
Q1 2015-8.3%
Q4 2014+9.0%
Q3 2014+0.0%
Q2 2014+7.7%
Q1 2014+12.8%
Q4 2013-18.4%
Q3 2013+2.5%
Q2 2013+5.4%
Q1 2013+5.9%
Q4 2012+0.4%
Q3 2012+1.7%
Q2 2012-0.2%
Q1 2012+0.6%
Q4 2011-4.2%
Q3 2011-1.0%
Q2 2011-10.5%
Q1 2010-18.0%
Q1 2011-18.0%
Q4 2008+0.4%
Q4 2010+0.4%
Q4 2009-2.5%
Q3 2010-2.5%
Q3 2009-2.5%
Q2 2009-1.7%
Q2 2010-1.7%

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