NYSE$EIG

Employers Holdings Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported financial results for the second quarter ended June 30, 2024.

Employers Holdings, Inc. reported increased revenue driven by higher new and renewal premiums, strong net investment income, and net investment gains. The company also achieved a record number of policies in-force. The combined ratio excluding LPT was 95.4%.

  • Net income per diluted share was $1.25, compared to $1.30.
  • Adjusted net income per diluted share was $1.10, compared to $1.17.
  • Gross premiums written increased by 5% to $207.9 million.
  • Net premiums earned increased by 6% to $187.8 million.

Headline financials

Total Revenue

$217M

Previous: $215M+0.8%
EPS (adj)

$1.10

Previous: $1.17-6.0%
Loss and LAE ratio

57.9%

No prior period
Commission expense ratio

13.9%

No prior period
Underwriting expense ratio

22.4%

No prior period
GAAP combined ratio

94.2%

No prior period
Combined ratio (excl. LPT)

95.4%

No prior period
Gross premiums written

$208M

No prior period
Net premiums earned

$188M

No prior period
Net investment income

$26.9M

No prior period
Quarterly cash dividend/share

$0.30

No prior period
Net Income

$31.7M

Previous: $34.9M-9.2%
Gross Profit

$217M

Previous: $125M+73.9%
Stock-Based Comp

$1.3M

Previous: $1.4M-7.1%

Revenue & EPS history

Employers · Revenue · Quarterly

$217M

Q2 2024+0.8%vs Q2 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the press release.

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 Q2 2024

Historical avgQ2 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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