Employers Holdings Q1 revenue rises, raises dividend

Employers Holdings

29/04/2026 21:51

Overview

US workers' comp insurer's Q1 net income ex-LPT missed analyst expectations, revenue rose

Net premiums earned fell 1% yr/yr as company prioritized underwriting quality over volume

Company raised quarterly dividend and authorized new $125 mln share repurchase program

Outlook

Company did not provide specific financial guidance for the current qtr or full yr in its press release

Result Drivers

UNDERWRITING DISCIPLINE - Co said it prioritized underwriting quality over premium volume, leading to lower gross premiums written and flat net premiums earned

CLAIMS FREQUENCY - Higher cumulative trauma claim frequency in California drove an increase in loss and LAE ratio

INVESTMENT INCOME - Net investment income fell due to lower private equity distributions, partially offset by higher fixed maturity yields after portfolio rebalancing

Company press release: ID:nGNX55Qq2N

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS ex LPT
Miss
$0.46
$0.51 (3 Analysts)
Q1 EPS
$0.52
Q1 Net Income Ex LPT
Miss
$9 mln
$11.59 mln (3 Analysts)
Q1 Net Income
$10.20 mln
Q1 Pretax Profit
$12.80 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy."

Wall Street's median 12-month price target for Employers Holdings Inc is $46.00, about 6.2% above its April 28 closing price of $43.33

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)