Employers Holdings, Inc. Set to Release Q4 and Full-Year 2024 Results

Employers Holdings, Inc. (NYSE: EIG), a leading provider of workers' compensation insurance and services, has announced the release date and conference call details for its fourth quarter and full-year 2024 financial results. The company will publish these results after market close on Thursday, February 20, 2025, followed by a conference call and webcast on Friday, February 21, 2025, at 11:00 a.m. EST / 8:00 a.m. PST.

EIG operates through multiple subsidiaries, including Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, Employers Assurance Company, and Cerity Insurance Company, all rated A (Excellent) by A.M. Best. The company focuses on small and mid-sized businesses engaged in low-to-medium hazard industries, offering comprehensive coverage solutions through traditional channels and its digital-first, direct-to-consumer platform, Cerity.

In the fourth quarter of 2023, EIG reported adjusted earnings per share (EPS) of $1.40, surpassing the Zacks Consensus Estimate by 40%. The company's bottom line improved by 12% year over year, driven by sound growth in premiums written, robust audit premium recognition, and favorable underwriting results. Total revenues grew by 1.8% year over year to $225.7 million, beating the consensus mark by 5.8%.

EIG's gross premiums written of $178.2 million advanced by 3% year over year in the quarter, supported by new business growth and higher renewal rates. Net premiums written of $176.4 million increased by 3% year over year, while net premiums earned of $187.5 million grew by 4% year over year. The company's combined ratio improved by 250 basis points (bps) year over year to 88.1%, coming in lower than the Zacks Consensus Estimate of 95%.

EIG's integration of the Cerity segment within the Employers unit during the fourth quarter of 2023 is expected to fetch significant fixed underwriting expense savings for the company in the coming years. This integration will likely lead to improved profitability and efficiency.



As the company prepares to release its fourth quarter and full-year 2024 financial results, investors and stakeholders eagerly await the latest updates on EIG's performance, strategic initiatives, and future outlook. The conference call and webcast will provide an opportunity to engage with the company's management team and gain insights into its ongoing success in the workers' compensation insurance sector.

In conclusion, Employers Holdings, Inc. continues to demonstrate its commitment to delivering comprehensive coverage solutions and exceptional service to its customers, while maintaining a strong financial performance and a robust balance sheet. As the company looks ahead to the future, it remains well-positioned to capitalize on emerging trends and opportunities in the workers' compensation insurance market.