Sector: Financials | Industry: Property & Casualty Insurance |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2340 CORPORATE CIRCLE, SUITE 200 HENDERSON NV 89074 |
Tel: | 1-775-3272562 |
Website: | https://www.employers.com |
IR: | See website |
Key People | ||
Katherine H. Antonello President, Chief Executive Officer, Director | Michael S. Paquette Chief Financial Officer, Executive Vice President | John M. Mutschink Executive Vice President, Chief Administrative Officer |
Lori A. Brown Executive Vice President, General Counsel, Secretary, Chief Legal Officer | Christopher W. Laws Executive Vice President, Chief Actuary |
Business Overview |
Employers Holdings, Inc. is a holding company. The Company, through its wholly owned insurance subsidiaries, Employers Insurance Company of Nevada (EICN), Employers Compensation Insurance Company (ECIC), Employers Preferred Insurance Company (EPIC), Employers Assurance Company (EAC), and Cerity Insurance Company (CIC), is engaged in the commercial property and casualty insurance industry, specializing in workers compensation products and services, which are focused on small and select businesses engaged in low-to-medium hazard industries. Workers' compensation provides insurance coverage for the statutorily prescribed benefits that employers are required to provide to their employees who may be injured or suffer illness in the course of employment. Its Insurance Operations segment represents the traditional business offered through its agents, including business originated from the Company's strategic partnerships and alliances and direct-to-customer business. |
Financial Overview |
For the fiscal year ended 31 December 2023, Employers Holdings Inc revenues increased 19% to $850.9M. Net income increased from $48.4M to $118.1M. Revenues reflect Gross investment income increase of 17% to $110.2M, Investment expenses increase of 21% to -$3.7M. Net income benefited from Commission Expense Ratio -% decrease of 2% to 13.9%. Dividend per share increased from $1.03 to $1.10. |
Employees: | 717 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $922.27M as of Dec 31, 2023 |
Annual revenue (TTM): | $850.90M as of Dec 31, 2023 |
EBITDA (TTM): | $185.00M as of Dec 31, 2023 |
Net annual income (TTM): | $118.10M as of Dec 31, 2023 |
Free cash flow (TTM): | $17.50M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 25,302,289 as of Feb 20, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |