Quarterly ResultApr 29, 2026, 04:07 PM
EIG Q1 Net Income $10.2M; Dividend +6.25%; New $125M Buyback
AI Summary
Employers Holdings, Inc. reported Q1 2026 net income of $10.2 million ($0.52 per diluted share) and adjusted net income of $10.3 million ($0.53 per diluted share), both down from Q1 2025. Gross premiums written decreased by 14.8% to $180.8 million, reflecting a deliberate strategy to prioritize underwriting quality over volume. The company's Board of Directors increased the quarterly dividend by 6.25% to $0.34 per share and authorized a new $125.0 million share repurchase program, demonstrating confidence in future performance.
Key Highlights
- Board increased quarterly dividend by 6.25% to $0.34 per share.
- Authorized new $125.0 million stock repurchase program through December 31, 2027.
- Q1 Net income was $10.2 million ($0.52 per diluted share) vs $12.8 million in Q1 2025.
- Gross premiums written decreased 14.8% to $180.8 million.
- Net premiums earned decreased 1.1% to $180.9 million.
- Underwriting expense ratio improved to 22.6% from 23.4%.
- Book value per share including Deferred Gain increased 8.9% to $51.26.
- Returned $83.0 million to stockholders through repurchases and dividends.