Quarterly ResultJul 29, 2026, 04:18 PM
Employers Holdings Q2 Diluted EPS $1.59 (+29%); Premiums Decline
AI Summary
Employers Holdings reported second quarter 2026 financial results, with diluted earnings per share increasing 29% to $1.59 and adjusted diluted EPS up 46% to $0.70, driven by its recapitalization strategy and share repurchases. This occurred despite a 19.6% decline in gross premiums written to $163.4 million and a 12% decrease in net premiums earned, reflecting a deliberate strategy to prioritize profitability over volume. The company also improved its loss and LAE ratio to 70.2% and launched a new excess workers' compensation product line.
Key Highlights
- Net income was $29.1 million, a 2% decrease year-over-year.
- Diluted EPS increased 29% to $1.59.
- Adjusted diluted EPS rose 46% to $0.70.
- Gross premiums written declined 19.6% to $163.4 million.
- Net premiums earned decreased 12% to $174.1 million.
- Loss and LAE ratio improved to 70.2% from 70.7%.
- Book value per share including Deferred Gain grew 9.0%.
- Returned $34.0 million to stockholders through buybacks and dividends.
- Launched new excess workers' compensation product line in June.
Price Impact
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