Employers Holdings, Inc. Reports Third Quarter 2026 Results and Declares Regular Quarterly Dividend of $0.34 per Share
Employers Holdings swung to Q3 net income of $11.6 million ($0.64 per diluted share) from a year-ago loss of $8.3 million, with adjusted net income of $12.8 million versus a $(25.5) million loss. The GAAP combined ratio improved to 108.4% from 129.7%, driven mainly by the absence of last year's ~$38 million reserve strengthening. But the recovery came alongside deliberate shrinkage: gross premiums written fell 18% to $151.1 million and policies in force declined 8% to 124,043. Net investment income rose 24% to $32.3 million on higher yields and private equity returns, and the company returned $24.4 million to shareholders while declaring a $0.34 quarterly dividend.
Key figures
- Eps
- 0.64
- Revenue
- $189.3 million
- Revenue Yoy
- -21%
- Capital returned
- $24.4 million
- Policies in force
- 124043
- Loss and lae ratio
- 71.2%
- Shares repurchased
- 373848
- Adjusted net income
- $12.8 million ($0.71 per diluted share)
- Gaap combined ratio
- 108.4%
- Net premiums earned
- 160200000
- Avg repurchase price
- $48.44
- Net investment income
- 32300000
- Gross premiums written
- 151100000
- Combined ratio prior year
- 129.7%
- Gross premiums written yoy
- -18%
- Quarterly dividend per share
- $0.34
- Adjusted book value per share
- $53.64
- Buyback authorization remaining
- $94.9 million
- Book value per share with deferred gain
- $49.44
AI analysis
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