NYSE$EIG
Employers Holdings Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported financial results for the fourth quarter and year ended December 31, 2023.
Employers Holdings, Inc. reported strong fourth quarter results with impressive revenue growth driven by increases in premium writings and investment income. The integration of Cerity's operations into Employers was completed, leading to expected underwriting expense savings. The company is well-positioned for further appetite expansion and increased self-service options in 2024.
- Net income was $45.6 million ($1.77 per diluted share).
- Adjusted net income was $36.1 million ($1.40 per diluted share).
- Net premiums earned increased by 4% to $187.5 million.
- GAAP combined ratio improved to 88.1% (88.8% excluding LPT).
Headline financials
Revenue & EPS history
Employers · Revenue · Quarterly
$226M
Forward guidance
The company is focusing efforts in 2024 on further appetite expansion, and increased self-service options for policyholders, agents and injured workers.
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 Q4 2023
+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
| Quarter | Report date | Reaction (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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