PART I – FINANCIAL INFORMATION [Consolidated Financial Statements](index=2&type=section&id=Item%201.%20Consolidated%20Financial%20Statements) The unaudited consolidated financial statements detail decreased assets and liabilities, and a significant increase in nine-month net income [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) Total assets decreased to **$3,527.0 million**, liabilities also declined, and stockholders' equity slightly decreased from year-end 2022 Consolidated Balance Sheet Highlights (in millions) | Account | Sep 30, 2023 (Unaudited) | Dec 31, 2022 | | :--- | :--- | :--- | | **Total Assets** | **$3,527.0** | **$3,716.7** | | Total Investments | $2,333.9 | $2,568.8 | | Premiums Receivable | $363.3 | $305.9 | | **Total Liabilities** | **$2,608.0** | **$2,772.5** | | Unpaid Losses and LAE | $1,913.4 | $1,960.7 | | FHLB Advances | $40.4 | $182.5 | | **Total Stockholders' Equity** | **$919.0** | **$944.2** | [Consolidated Statements of Comprehensive Income (Loss)](index=5&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income%20%28Loss%29) Nine-month net income significantly increased to **$72.5 million** from **$1.3 million**, primarily due to a positive swing in investment gains Financial Performance Summary (in millions, except EPS) | Metric | Q3 2023 | Q3 2022 | 9M 2023 | 9M 2022 | | :--- | :--- | :--- | :--- | :--- | | Net Premiums Earned | $184.6 | $178.7 | $534.4 | $494.1 | | Total Revenues | $203.5 | $204.4 | $625.2 | $491.7 | | Net Income | $14.0 | $19.1 | $72.5 | $1.3 | | Diluted EPS | $0.54 | $0.70 | $2.71 | $0.05 | | Total Comprehensive (Loss) Income | $(12.1) | $(45.1) | $54.8 | $(218.2) | [Consolidated Statements of Stockholders' Equity](index=6&type=section&id=Consolidated%20Statements%20of%20Stockholders%27%20Equity) Total stockholders' equity decreased to **$919.0 million**, primarily due to stock repurchases and dividends, partially offset by net income - For the nine months ended September 30, 2023, the company acquired **$61.6 million** of its common stock and declared **$22.0 million** in dividends[22](index=22&type=chunk) - Net income of **$72.5 million** for the nine-month period was a primary contributor to retained earnings, but was offset by stock repurchases, dividends, and a **$17.7 million** increase in net unrealized losses on AFS investments[22](index=22&type=chunk) [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Operating cash decreased, investing activities provided **$225.0 million**, and financing used **$227.2 million** for FHLB repayments and stock repurchases Net Cash Flow Summary (in millions) | Activity | 9M 2023 | 9M 2022 | | :--- | :--- | :--- | | Net Cash from Operating Activities | $21.8 | $67.5 | | Net Cash from (used in) Investing Activities | $225.0 | $(97.7) | | Net Cash (used in) from Financing Activities | $(227.2) | $103.2 | | **Net Increase in Cash** | **$19.6** | **$73.0** | - Financing activities in the first nine months of 2023 included **$142.1 million** in repayments of FHLB advances and **$61.5 million** for the acquisition of common stock[25](index=25&type=chunk) [Notes to Consolidated Financial Statements (Unaudited)](index=11&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements%20%28Unaudited%29) Notes detail accounting policies, investment portfolio, CECL, segment operations (Employers and Cerity), and a **$9.4 million** lease termination charge - The company operates through two reportable segments: Employers (traditional agent-based business) and Cerity (direct-to-customer business)[33](index=33&type=chunk)[110](index=110&type=chunk)[111](index=111&type=chunk) - During the nine months ended September 30, 2023, the company recorded a net charge of **$9.4 million** related to the early termination of the lease for its former corporate headquarters in Reno, Nevada[81](index=81&type=chunk)[117](index=117&type=chunk) - As of September 30, 2023, the company had an allowance for current expected credit losses (CECL) of **$3.2 million** on AFS debt securities, **$16.2 million** on premiums receivable, and **$0.9 million** on reinsurance recoverables[56](index=56&type=chunk)[65](index=65&type=chunk)[68](index=68&type=chunk) [Management's Discussion and Analysis of Consolidated Financial Condition and Results of Operations](index=26&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Consolidated%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial performance, highlighting record policies in-force, **$72.5 million** net income from investment results, segment performance, and strong liquidity - The company achieved a record number of policies in-force, with year-over-year increases in new and renewal business premiums driving top-line growth[128](index=128&type=chunk) - Net income for the nine months ended September 30, 2023, was **$72.5 million**, compared to **$1.3 million** for the same period in 2022, primarily driven by a positive swing in net realized and unrealized investment gains/losses and higher net investment income[134](index=134&type=chunk)[137](index=137&type=chunk) - A non-recurring charge of **$9.4 million** was incurred during the nine months ended September 30, 2023, related to the early lease termination of the former corporate headquarters[137](index=137&type=chunk)[149](index=149&type=chunk) [Results of Operations](index=28&type=section&id=Results%20of%20Operations) Gross premiums written increased to **$589.5 million**, net investment income rose, and investment gains contributed to **$72.5 million** net income Consolidated Results of Operations (in millions) | Metric | 9M 2023 | 9M 2022 | | :--- | :--- | :--- | | Gross Premiums Written | $589.5 | $540.4 | | Net Premiums Earned | $534.4 | $494.1 | | Net Investment Income | $80.3 | $62.8 | | Net Realized/Unrealized Gains (Losses) | $10.7 | $(65.5) | | Total Revenues | $625.2 | $491.7 | | Total Expenses | $534.9 | $491.8 | | **Net Income** | **$72.5** | **$1.3** | [Summary of Financial Results by Segment](index=30&type=section&id=Summary%20of%20Financial%20Results%20by%20Segment) Employers segment underwriting income increased to **$28.6 million** with a **94.6%** combined ratio, while Cerity reported a **$5.7 million** net loss Net Income (Loss) Before Income Taxes by Segment (9M 2023, in millions) | Segment | Net Income (Loss) Before Taxes | | :--- | :--- | | Employers | $97.5 | | Cerity | $(5.7) | | Corporate and Other | $(1.5) | | **Total** | **$90.3** | - The Employers segment's combined ratio improved to **94.6%** for the nine months ended Sep 30, 2023, from **96.8%** in the prior year period, driven by a lower loss and LAE ratio[151](index=151&type=chunk)[159](index=159&type=chunk) - The Cerity segment's gross premiums written grew to **$5.1 million** for the nine months of 2023 from **$3.6 million** in 2022, though it still recorded an underwriting loss of **$10.5 million**[174](index=174&type=chunk)[180](index=180&type=chunk) [Liquidity and Capital Resources](index=35&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong capital and liquidity, with **$75.8 million** in holding company cash, **$61.1 million** in stock repurchases, and **$22.5 million** in dividends - Total cash and investments at the holding company (EHI) were **$75.8 million** at September 30, 2023[192](index=192&type=chunk) - The company repurchased **1,570,342 shares** for **$61.1 million** during the nine months ended September 30, 2023[214](index=214&type=chunk) - Dividends paid to stockholders totaled **$22.5 million** for the nine months ended September 30, 2023[213](index=213&type=chunk) - As of September 30, 2023, the company had **$40.4 million** in FHLB advances outstanding, down from **$182.5 million** at the start of the year[201](index=201&type=chunk)[220](index=220&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=40&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages credit, interest rate, and equity price risks, with a **4.4-year** portfolio duration and a **$76.4 million** impact from a 100 basis point rate rise - The company's primary market risks are identified as credit risk, interest rate risk, and equity price risk[233](index=233&type=chunk) - The duration of the fixed maturity investment portfolio was **4.4 years** as of September 30, 2023[237](index=237&type=chunk) Interest Rate Sensitivity Analysis (as of Sep 30, 2023) | Hypothetical Change in Interest Rates | Estimated Pre-tax (Decrease) in Fair Value | | :--- | :--- | | 100 basis point rise | $(76.4) million | | 200 basis point rise | $(155.1) million | | 300 basis point rise | $(228.3) million | [Controls and Procedures](index=42&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls were effective as of September 30, 2023, with no material changes in internal control over financial reporting - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of the end of the period covered by the report[248](index=248&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[249](index=249&type=chunk) PART II – OTHER INFORMATION [Legal Proceedings](index=43&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in routine litigation, with no expected material effect on financial condition or results of operations - Management states that any ultimate liability from pending or threatened litigation is not expected to have a material effect on the company's results of operations, liquidity, or financial position[252](index=252&type=chunk) [Risk Factors](index=43&type=section&id=Item%201A.%20Risk%20Factors) No material changes to previously disclosed risk factors have occurred since the Annual Report on Form 10-K - As of the date of this report, there have been no material changes to the risk factors contained in the company's Annual Report[253](index=253&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=43&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased **367,209 shares** for **$14.3 million** in Q3 2023 and authorized a new **$50.0 million** stock repurchase program Q3 2023 Stock Repurchases | Period | Total Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | July 2023 | 30,000 | $38.24 | | August 2023 | 260,216 | $39.04 | | September 2023 | 76,993 | $38.92 | | **Total Q3** | **367,209** | **$38.95** | - A new stock repurchase authorization for up to **$50.0 million** was approved on July 26, 2023, valid through December 31, 2024[254](index=254&type=chunk) [Defaults Upon Senior Securities](index=43&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) No defaults upon senior securities were reported - The company reports no defaults upon senior securities[255](index=255&type=chunk) [Mine Safety Disclosures](index=43&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company's operations - This item is not applicable to the company[256](index=256&type=chunk) [Other Information](index=43&type=section&id=Item%205.%20Other%20Information) No director or officer adopted or terminated a Rule 10b5-1 trading arrangement during the third quarter of 2023 - During the three months ended September 30, 2023, no director or officer adopted or terminated a Rule 10b5-1 trading arrangement[257](index=257&type=chunk) [Exhibits](index=44&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including CEO and CFO certifications and XBRL data files

Employers Holdings Inc. (NYSE:EIG) Q2 2023 Earnings Call Transcript July 27, 2023 11:00 AM ET Company Participants Lori Brown - Executive VP, Chief Legal Officer, General Counsel and Corporate Secretary Kathy Antonello - President, CEO and Director Michael Paquette - Executive VP, CFO and Treasurer Conference Call Participants Mark Hughes - Truist Securities Bob Farnam - Janney Operator Hello, and welcome to the Employers Holdings, Inc. Second Quarter 2023 Earnings Conference Call and webcast. [Operator Ins ...

PART I – FINANCIAL INFORMATION [Item 1. Consolidated Financial Statements](index=3&type=section&id=Item%201.%20Consolidated%20Financial%20Statements) This section presents the unaudited consolidated financial statements and accompanying notes for Employers Holdings, Inc. and its subsidiaries [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) | Metric | June 30, 2023 (in millions) | December 31, 2022 (in millions) | | :----------------------------------- | :----------------------------- | :------------------------------- | | Total Assets | $3,615.6 | $3,716.7 | | Total Liabilities | $2,663.9 | $2,772.5 | | Total Stockholders' Equity | $951.7 | $944.2 | - Total assets **decreased** by **$101.1 million** from December 31, 2022, to June 30, 2023, primarily due to **decreases** in investments and cash and cash equivalents. Total liabilities **decreased** by **$108.6 million**, mainly driven by a **reduction** in FHLB advances and unpaid losses and loss adjustment expenses. Total stockholders' equity slightly **increased** by **$7.5 million**[10](index=10&type=chunk)[12](index=12&type=chunk) [Consolidated Statements of Comprehensive Income (Loss)](index=5&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income%20(Loss)) | Metric | Three Months Ended June 30, 2023 (in millions) | Three Months Ended June 30, 2022 (in millions) | Six Months Ended June 30, 2023 (in millions) | Six Months Ended June 30, 2022 (in millions) | | :--------------------------------------- | :--------------------------------------------- | :--------------------------------------------- | :------------------------------------------- | :------------------------------------------- | | Total Revenues | $215.2 | $135.3 | $421.7 | $287.3 | | Total Expenses | $171.4 | $156.7 | $348.9 | $311.1 | | Net Income (Loss) | $34.9 | $(15.6) | $58.5 | $(17.8) | | Basic Earnings (Loss) Per Common Share | $1.31 | $(0.56) | $2.17 | $(0.65) | | Diluted Earnings (Loss) Per Common Share | $1.30 | $(0.56) | $2.16 | $(0.65) | | Total Comprehensive Income (Loss) | $19.5 | $(82.7) | $66.9 | $(173.1) | - The Company reported a **significant turnaround** from **net losses** in Q2 2022 and H1 2022 to **net income** in Q2 2023 and H1 2023. This **improvement** was primarily driven by a substantial **increase** in total revenues, particularly net realized and unrealized gains on investments, which shifted from **significant losses** in 2022 to gains in 2023[15](index=15&type=chunk) [Consolidated Statements of Stockholders' Equity](index=6&type=section&id=Consolidated%20Statements%20of%20Stockholders'%20Equity) | Metric | April 1, 2023 (in millions) | June 30, 2023 (in millions) | January 1, 2023 (in millions) | | :------------------------------------ | :-------------------------- | :-------------------------- | :---------------------------- | | Total Stockholders' Equity (Q2 2023) | $974.1 | $951.7 | N/A | | Total Stockholders' Equity (H1 2023) | N/A | $951.7 | $944.2 | | Net Income for the period (Q2 2023) | N/A | $34.9 | N/A | | Net Income for the period (H1 2023) | N/A | $58.5 | N/A | | Acquisition of common stock (Q2 2023) | N/A | $(35.8) | N/A | | Acquisition of common stock (H1 2023) | N/A | $(47.2) | N/A | | Dividends declared (Q2 2023) | N/A | $(7.6) | N/A | | Dividends declared (H1 2023) | N/A | $(14.7) | N/A | - Stockholders' equity **decreased** from **$974.1 million** on April 1, 2023, to **$951.7 million** on June 30, 2023, primarily due to common stock acquisitions and dividends declared, partially offset by **net income**. For the six months ended June 30, 2023, stockholders' equity **increased** from **$944.2 million** to **$951.7 million**, driven by **net income** and changes in unrealized gains on AFS investments, despite share repurchases and dividends[18](index=18&type=chunk)[21](index=21&type=chunk) [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) | Cash Flow Activity | Six Months Ended June 30, 2023 (in millions) | Six Months Ended June 30, 2022 (in millions) | | :--------------------------------------- | :------------------------------------------- | :------------------------------------------- | | Net cash (used in) provided by operating activities | $(3.5) | $37.9 | | Net cash provided by (used in) investing activities | $119.4 | $(44.3) | | Net cash (used in) provided by financing activities | $(138.9) | $61.4 | | Net (decrease) increase in cash, cash equivalents and restricted cash | $(23.0) | $55.0 | | Cash, cash equivalents and restricted cash at end of period | $66.4 | $130.3 | - Net cash used in operating activities for H1 2023 was **$3.5 million**, a **significant decrease** from **$37.9 million** provided in H1 2022. Investing activities shifted from using **$44.3 million** in H1 2022 to providing **$119.4 million** in H1 2023. Financing activities used **$138.9 million** in H1 2023, compared to providing **$61.4 million** in H1 2022, primarily due to common stock repurchases and FHLB advance repayments[24](index=24&type=chunk) [Notes to Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) [1. Basis of Presentation and Summary of Operations](index=11&type=section&id=1.%20Basis%20of%20Presentation%20and%20Summary%20of%20Operations) - Employers Holdings, Inc. (EHI) is a Nevada holding company specializing in workers' compensation products and services through its insurance subsidiaries. The Company operates through two reportable segments: Employers (traditional business) and Cerity (direct-to-customer business)[28](index=28&type=chunk)[32](index=32&type=chunk) - The Company accounts for a retroactive **100% quota share reinsurance agreement** (LPT Agreement) as retroactive reinsurance, recording a deferred reinsurance gain as a liability and a contingent profit commission as an asset[29](index=29&type=chunk)[30](index=30&type=chunk) [2. New Accounting Standards](index=11&type=section&id=2.%20New%20Accounting%20Standards) - The Company adopted ASU 2020-04, Reference Rate Reform (Topic 848), which provided optional transition guidance for transitioning away from LIBOR, but determined there was no impact on its existing contracts and investments[35](index=35&type=chunk) [3. Valuation of Financial Instruments](index=12&type=section&id=3.%20Valuation%20of%20Financial%20Instruments) | Financial Instrument | June 30, 2023 (in millions) | December 31, 2022 (in millions) | | :-------------------------------- | :-------------------------- | :------------------------------ | | Total investments at fair value | $2,382.4 | $2,502.4 | | Cash and cash equivalents | $66.2 | $89.2 | | Restricted cash and cash equivalents | $0.2 | $0.2 | - The Company categorizes financial instruments at fair value into Level 1 (quoted prices in active markets), Level 2 (observable inputs other than Level 1), and Level 3 (unobservable inputs). As of June 30, 2023, **$25.4 million** of fixed maturity securities were designated Level 3 due to limited observable market information[36](index=36&type=chunk)[40](index=40&type=chunk) - Investments in private equity limited partnerships are carried at Net Asset Value (NAV) and are excluded from the fair value hierarchy, totaling **$83.4 million** at June 30, 2023. The Company had unfunded commitments to these partnerships totaling **$35.1 million**[44](index=44&type=chunk) [4. Investments](index=14&type=section&id=4.%20Investments) | Investment Category | Amortized Cost (June 30, 2023, in millions) | Estimated Fair Value (June 30, 2023, in millions) | Gross Unrealized Losses (June 30, 2023, in millions) | | :--------------------------------

Employers Holdings, Inc. (NYSE:EIG) Q1 2023 Earnings Conference Call April 28, 2023 11:00 AM ET Company Participants Lori Brown - EVP, Chief Legal Officer, General Counsel & Corporate Secretary Katherine Antonello - President, CEO & Director Michael Paquette - EVP, CFO & Treasurer Conference Call Participants Matthew Carletti - JMP Securities Mark Hughes - Truist Securities Robert Farnam - Janney Montgomery Scott Operator Thank you for standing by, and welcome to the Employers Holdings First Quarter 2023 Ea ...

PART I – FINANCIAL INFORMATION [Item 1. Consolidated Financial Statements](index=3&type=section&id=Item%201.%20Consolidated%20Financial%20Statements) This section presents unaudited consolidated financial statements for Employers Holdings, Inc., including Balance Sheets, Statements of Comprehensive Income, Stockholders' Equity, and Cash Flows for Q1 2023 and 2022 Consolidated Balance Sheet Highlights (in millions) | Account | March 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total Assets** | **$3,744.0** | **$3,716.7** | | Total Investments | $2,590.3 | $2,568.8 | | Cash and cash equivalents | $86.7 | $89.2 | | **Total Liabilities** | **$2,769.9** | **$2,772.5** | | Unpaid losses and loss adjustment expenses | $1,953.7 | $1,960.7 | | **Total Stockholders' Equity** | **$974.1** | **$944.2** | Consolidated Statement of Comprehensive Income (Loss) Highlights (in millions, except per share data) | Metric | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | Net premiums earned | $172.7 | $150.2 | | Total revenues | $206.5 | $152.0 | | Total expenses | $177.5 | $154.5 | | **Net income (loss)** | **$23.6** | **$(2.3)** | | **Diluted EPS** | **$0.86** | **$(0.08)** | | Total comprehensive income (loss) | $47.4 | $(90.5) | Consolidated Statement of Cash Flows Highlights (in millions) | Cash Flow Activity | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $4.3 | $16.8 | | Net cash provided by (used in) investing activities | $12.8 | $(6.1) | | Net cash (used in) provided by financing activities | $(19.6) | $44.7 | | **Net (decrease) increase in cash** | **$(2.5)** | **$55.4** | [Item 2. Management's Discussion and Analysis of Consolidated Financial Condition and Results of Operations](index=25&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Consolidated%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2023 financial performance, highlighting a return to profitability driven by increased net premiums and favorable investment results, covering operations, segment performance, liquidity, and capital resources [Results of Operations](index=28&type=section&id=Results%20of%20Operations) Net income reached **$23.6 million** in Q1 2023, a turnaround from a **$2.3 million** loss in Q1 2022, driven by increased net premiums and investment gains Consolidated Results of Operations (in millions) | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Net premiums earned | $172.7 | $150.2 | | Total revenues | $206.5 | $152.0 | | Losses and LAE | $107.4 | $94.2 | | Total expenses | $177.5 | $154.5 | | **Net income (loss)** | **$23.6** | **$(2.3)** | - Key drivers for Q1 2023 performance compared to Q1 2022 include a **15.0% increase in net premiums earned**, a **44.5% increase in net investment income**, and a significant swing in investment results from a **$17.3 million loss to a $6.4 million gain**[124](index=124&type=chunk) - Gross premiums written increased to **$194.9 million** in Q1 2023 from **$172.4 million** in Q1 2022, driven by growth in new and renewal business, and a **$9.4 million** audit premium pick-up due to a strengthening labor market and rising wages[115](index=115&type=chunk)[120](index=120&type=chunk) [Summary of Financial Results by Segment](index=31&type=section&id=Summary%20of%20Financial%20Results%20by%20Segment) The 'Employers' segment improved underwriting income to **$2.1 million** with a **98.7%** combined ratio, while the 'Cerity' segment continued to scale with a **$4.1 million** underwriting loss, and 'Corporate and Other' reversed to a **$1.1 million** net income before taxes Employers Segment Performance (in millions) | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Gross premiums written | $194.2 | $171.2 | | Net premiums earned | $171.3 | $149.6 | | Underwriting income | $2.1 | $0.0 | | Net income before taxes | $30.1 | $2.0 | | **Combined ratio** | **98.7%** | **100.0%** | Cerity Segment Performance (in millions) | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Gross premiums written | $0.7 | $1.2 | | Net premiums earned | $1.4 | $0.6 | | Underwriting loss | $(4.1) | $(3.0) | | Net loss before taxes | $(2.2) | $(2.7) | - The Employers segment's growth was driven by increased new business submissions, quotes, and binds, expansion in business classes offered, and a **$9.4 million** audit premium pick-up from a stronger labor market[139](index=139&type=chunk) [Liquidity and Capital Resources](index=36&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong capital and liquidity, with **$98.3 million** in holding company cash and investments, an undrawn **$75.0 million** credit facility, and **$974.1 million** in stockholders' equity - Total cash and investments at the holding company were **$98.3 million** at March 31, 2023[172](index=172&type=chunk) - The company has a **$75.0 million** three-year revolving credit facility, amended in February 2023 to replace LIBOR with SOFR, with no outstanding borrowings during Q1 2023[173](index=173&type=chunk)[174](index=174&type=chunk)[177](index=177&type=chunk) Q1 2023 Capital Actions (in millions) | Action | Amount | | :--- | :--- | | Share Repurchases | $11.3 | | Dividends Paid | $7.6 | - As of March 31, 2023, the company had outstanding FHLB advances of **$182.5 million**, taken in 2022, with a weighted average interest rate of **4.87%**[181](index=181&type=chunk)[199](index=199&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=39&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages primary market risks including credit, interest rate, and equity price risks through portfolio diversification and duration management - The company's primary market risks are credit risk, interest rate risk, and equity price risk[213](index=213&type=chunk) Interest Rate Risk Sensitivity Analysis (Pre-tax change in Fair Value) | Hypothetical Change in Interest Rates | Estimated Decrease in Fair Value (in millions) | | :--- | :--- | | 100 basis point rise | $(92.4) | | 200 basis point rise | $(177.8) | | 300 basis point rise | $(257.6) | Equity Price Risk Sensitivity Analysis (Pre-tax impact) | Scenario | Impact on Total Equity Securities (in millions) | | :--- | :--- | | 10% Fair Value Decrease | $(20.4) | | 10% Fair Value Increase | $20.4 | - The fixed maturity investment portfolio had a duration of **3.8 years** as of March 31, 2023, weighted toward short- and intermediate-term bonds to minimize interest rate risk[217](index=217&type=chunk) [Item 4. Controls and Procedures](index=42&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2023, with no material changes in internal control over financial reporting - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the period covered by the report[226](index=226&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[227](index=227&type=chunk) PART II – OTHER INFORMATION [Item 1. Legal Proceedings](index=40&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in routine litigation, with no expected material effect on its financial condition or results of operations - The company states that any liability from pending or threatened litigation is not expected to have a material effect on its results of operations, liquidity, or financial position[229](index=229&type=chunk) [Item 1A. Risk Factors](index=40&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K have occurred - As of the date of this report, there have been no material changes to the risk factors contained in the company's Annual Report[230](index=230&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=40&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased **267,883** shares for **$11.3 million** in Q1 2023, with **$36.1 million** remaining available under the program Share Repurchases in Q1 2023 | Period | Total Shares Purchased | Average Price Paid Per Share | Total Cost (in millions) | | :--- | :--- | :--- | :--- | | Jan 2023 | 78,157 | $42.73 | ~$3.3 | | Feb 2023 | 30,474 | $42.87 | ~$1.3 | | Mar 2023 | 159,252 | $41.88 | ~$6.7 | | **Total Q1** | **267,883** | **$42.24** | **~$11.3** | - The share repurchase program was expanded to **$100.0 million** and extended to December 31, 2023, with **$36.1 million** remaining available for repurchase as of March 31, 2023[231](index=231&type=chunk) [Item 6. Exhibits](index=41&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including management compensation plans, credit agreement amendments, and CEO/CFO certifications - Exhibits filed include management equity and incentive plan agreements, an amendment to the credit agreement dated February 16, 2023, and certifications by the CEO and CFO pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act[236](index=236&type=chunk)

```markdown PART I [Business](index=5&type=section&id=Item%201.%20Business) EHI specializes in workers' compensation insurance for small businesses, operating through agent and direct channels, with significant California concentration - EHI is a holding company specializing in workers' compensation insurance for small, low-to-medium hazard businesses across the United States, with all its insurance subsidiaries holding an A.M. Best rating of **"A-" (Excellent)**[20](index=20&type=chunk) - The company's business is significantly concentrated in California, which accounted for **45% of its in-force premiums** as of December 31, 2022[27](index=27&type=chunk)[63](index=63&type=chunk) - EHI operates through two primary distribution channels: the traditional 'Employers' brand via agents and the direct-to-customer 'Cerity' brand for digital solutions[78](index=78&type=chunk)[79](index=79&type=chunk) Key Financial Results (2020-2022) | Indicator | 2022 | 2021 | 2020 | | :--- | :--- | :--- | :--- | | **Net Premiums Written** | $707.2M | $583.1M | $574.9M | | **Total Revenues** | $713.5M | $703.1M | $711.4M | | **Net Income** | $48.4M | $119.3M | $119.8M | - The company's strategy focuses on profitable growth through disciplined underwriting, claims management, technology investments (including direct-to-customer platforms), and diversifying risk exposure[33](index=33&type=chunk) - A key distribution partner, ADP, generated **15.0% of the company's total in-force premiums** as of December 31, 2022, up from 13.1% in 2021 and 12.9% in 2020[122](index=122&type=chunk) [Risk Factors](index=19&type=section&id=Item%201A.%20Risk%20Factors) The company faces operational, financial, and regulatory risks, including policy mispricing, intense competition, California concentration, and reserve adequacy - Operational risks include the failure to price policies sufficiently, intense competition from larger, multi-line carriers, and the cyclical nature of the property and casualty insurance industry[144](index=144&type=chunk)[146](index=146&type=chunk)[149](index=149&type=chunk) - A significant concentration of business in California (**45% of in-force premiums** as of Dec 31, 2022) exposes the company to localized economic, regulatory, and natural peril risks[151](index=151&type=chunk) - The company relies heavily on distribution partners, with its largest agent, ADP, accounting for **15.0% of total in-force premiums**, creating a concentration risk[154](index=154&type=chunk) - Financial risks include the possibility that loss and loss adjustment expense (LAE) reserves, which are based on estimates, may be inadequate to cover actual losses, and a downgrade in the company's **"A-" A.M. Best rating** could adversely affect business[172](index=172&type=chunk)[168](index=168&type=chunk) - As a holding company, EHI's ability to pay dividends and meet obligations depends on funds transferred from its insurance subsidiaries, which are restricted by state laws[175](index=175&type=chunk) - Regulatory and legal risks are extensive, including changes in state insurance laws, potential federal legislation like single-payer healthcare proposals, and state laws that could prevent or delay a change in control[182](index=182&type=chunk)[188](index=188&type=chunk)[191](index=191&type=chunk) [Unresolved Staff Comments](index=29&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports that there are no unresolved staff comments - None [Properties](index=29&type=section&id=Item%202.%20Properties) The company leases 131,882 square feet of office space across 5 states, including its principal executive offices in Reno, Nevada, and is actively reducing its real estate footprint - The company leases **131,882 square feet** of office space in **5 states**, with its main executive offices in Reno, Nevada[214](index=214&type=chunk) - Since 2021, the company has been reducing its real estate footprint by closing offices in several states and may continue this trend[214](index=214&type=chunk)[215](index=215&type=chunk) [Legal Proceedings](index=30&type=section&id=Item%203.%20Legal%20Proceedings) The company is involved in routine litigation but does not anticipate any material impact on its financial condition - The company is involved in routine litigation but does not anticipate any material impact on its financial condition from these proceedings[216](index=216&type=chunk)[218](index=218&type=chunk) [Mine Safety Disclosures](index=30&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This section is not applicable to the company - Not applicable PART II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=31&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's common stock trades on the NYSE, returning capital to shareholders via dividends and share repurchases - The company's common stock is listed on the New York Stock Exchange (NYSE) under the symbol **"EIG"**[222](index=222&type=chunk) - The company expects to continue paying quarterly cash dividends and may also pay special dividends, as it did in 2022[223](index=223&type=chunk) Q4 2022 Share Repurchases | Period | Total Shares Purchased | Average Price Paid Per Share | Approximate Dollar Value Remaining Under Program | | :--- | :--- | :--- | :--- | | Oct 2022 | — | $— | $49.1M | | Nov 2022 | — | $— | $49.1M | | Dec 2022 | 40,355 | $42.15 | $47.4M | - The Board of Directors expanded the share repurchase program to **$100.0 million** and extended its expiration to December 31, 2023[224](index=224&type=chunk) [Management's Discussion and Analysis of Consolidated Financial Condition and Results of Operations](index=33&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Consolidated%20Financial%20Condition%20and%20Results%20of%20Operations) Net income decreased in 2022 due to investment losses despite premium growth, with the company maintaining strong capital and managing critical loss reserve estimates - Net income decreased significantly to **$48.4 million** in 2022 from **$119.3 million** in 2021, largely due to a swing from net investment gains in 2021 to net investment losses in 2022[238](index=238&type=chunk)[239](index=239&type=chunk) - Premium growth in 2022 was driven by higher new and renewal business and increased final audit premiums, reflecting U.S. labor market strengthening and wage inflation[234](index=234&type=chunk)[235](index=235&type=chunk) - Rising market interest rates in 2022 negatively impacted the fair value of the company's fixed maturity investments, resulting in unrealized losses, but favorably impacted net investment income[236](index=236&type=chunk) - The company believes its capital position remains strong, with adequate liquidity at both the holding company and operating subsidiary levels, despite market volatility[304](index=304&type=chunk) [Results of Operations](index=34&type=section&id=Results%20of%20Operations) Total revenues increased slightly in 2022 driven by higher net premiums and investment income, but net income significantly decreased due to substantial net investment losses Consolidated Results of Operations (2020-2022) | (in millions) | 2022 | 2021 | 2020 | | :--- | :--- | :--- | :--- | | **Net premiums earned** | $675.2 | $574.4 | $615.3 | | **Net investment income** | $89.8 | $72.7 | $76.3 | | **Net realized/unrealized (losses) gains** | $(51.8) | $54.6 | $19.0 | | **Total revenues** | $713.5 | $703.1 | $711.4 | | **Losses and LAE** | $391.0 | $315.2 | $302.4 | | **Total expenses** | $657.7 | $556.1 | $563.7 | | **Net income** | $48.4 | $119.3 | $119.8 | - The increase in net investment income in 2022 to **$89.8 million** was primarily due to higher market interest rates and higher invested balances[244](index=244&type=chunk) - The **$51.8 million net investment loss** in 2022 was driven by unrealized losses on equity securities consistent with market performance and realized losses on fixed maturity securities due to rising interest rates[246](index=246&type=chunk)[247](index=247&type=chunk) [Summary of Financial Results by Segment](index=38&type=section&id=Summary%20of%20Financial%20Results%20by%20Segment) The Employers segment drove premium growth and underwriting income, while the Cerity segment showed growth but incurred an underwriting loss, with Corporate and Other reflecting LPT impacts Employers Segment - Key Metrics (2022) | Metric | Amount | | :--- | :--- | | Gross Premiums Written | $707.5M | | Net Premiums Earned | $672.1M | | Underwriting Income | $39.9M | | Combined Ratio | 94.1% | - The Employers segment's premium growth in 2022 was due to higher new/renewal business and a **$24.6 million increase** in final audit premium accruals, reflecting a stronger labor market[268](index=268&type=chunk) Cerity Segment - Key Metrics (2022) | Metric | Amount | | :--- | :--- | | Gross Premiums Written | $6.7M | | Net Premiums Earned | $3.1M | | Underwriting Loss | $(12.7)M | - The Corporate and Other segment's results include the impact of the Loss Portfolio Transfer (LPT) agreement, which reduced consolidated Losses and LAE by **$8.3 million** in 2022[299](index=299&type=chunk)[300](index=300&type=chunk)[301](index=301&type=chunk) [Liquidity and Capital Resources](index=45&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity and capital, supported by holding company cash, a credit facility, FHLB advances, and an investment portfolio, while returning capital to shareholders - The holding company held **$98.9 million** in cash and investments as of December 31, 2022, and has access to a **$75.0 million revolving credit facility** for liquidity[306](index=306&type=chunk)[307](index=307&type=chunk) - In 2022, insurance subsidiaries received **$182.5 million** in advances from the FHLB, which were used to purchase an equivalent amount of high-quality collateralized loan obligation securities[316](index=316&type=chunk) - The company returned significant capital to shareholders in 2022, paying **$28.8 million** in regular dividends, **$55.0 million** in special dividends, and repurchasing **$30.4 million** of common stock[335](index=335&type=chunk)[337](index=337&type=chunk) - The company's investment portfolio totaled over **$2.5 billion** at year-end 2022, with **85%** in fixed maturity securities having a duration of **3.9 years** and a weighted average quality of **"A"**[112](index=112&type=chunk)[347](index=347&type=chunk) [Critical Accounting Estimates](index=51&type=section&id=Critical%20Accounting%20Estimates) The most critical accounting estimate is the inherently uncertain valuation of unpaid losses and LAE reserves, based on actuarial methods and sensitive to future medical cost inflation - The estimation of unpaid losses and LAE is the company's most critical accounting estimate due to its inherent uncertainty and significant impact on financial statements[358](index=358&type=chunk)[360](index=360&type=chunk) Unpaid Losses and LAE Reserves (as of Dec 31) | (in millions) | 2022 | 2021 | | :--- | :--- | :--- | | Gross unpaid losses and LAE | $1,960.7 | $1,981.2 | | Less: Reinsurance recoverable | $445.4 | $476.9 | | **Net unpaid losses and LAE** | **$1,515.3** | **$1,504.3** | - For 2022, management's best estimate for net reserves (**$1,515.3 million**) is positioned within the actuarial range of **$1,365.8 million (low)** to **$1,687.3 million (high)**[377](index=377&type=chunk) - A **1% increase** in medical claim cost inflation above the rate assumed in the reserves could increase future net medical costs by approximately **$63.9 million**[383](index=383&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=56&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exposed to credit, interest rate, and equity price risks, with interest rate sensitivity showing a $74.3 million decrease in portfolio fair value for a 100 basis point rate rise, and inflation posing a risk to loss reserves - The company's primary market risks are credit risk, interest rate risk, and equity price risk[394](index=394&type=chunk) - Interest rate risk is a key exposure for the fixed maturity portfolio, which had a duration of **3.9 years** as of December 31, 2022[398](index=398&type=chunk) Interest Rate Sensitivity Analysis (Fixed Maturity & Short-Term Investments) | Hypothetical Change in Interest Rates | Estimated Pre-tax (Decrease) / Increase in Fair Value | | :--- | :--- | | 100 basis point rise | $(74.3)M | | 100 basis point decline | $124.5M | - A hypothetical **10% decrease** in the market price of the company's equity securities would result in a pre-tax loss of **$19.7 million**[403](index=403&type=chunk) - Elevated inflation poses a risk to the adequacy of loss reserves, particularly for medical costs, and could also increase operating expenses[405](index=405&type=chunk) [Financial Statements and Supplementary Data](index=59&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents consolidated financial statements, an effective internal control report, and an unqualified auditor's opinion, with loss reserve valuation identified as a Critical Audit Matter - Management concluded that the company's internal control over financial reporting was effective as of December 31, 2022[415](index=415&type=chunk) - The independent auditor, Ernst & Young LLP, issued an unqualified opinion on the consolidated financial statements and the effectiveness of internal control over financial reporting[417](index=417&type=chunk)[424](index=424&type=chunk) - The auditor identified the 'Valuation of reserve for Unpaid Losses and Loss Adjustment Expenses' as a Critical Audit Matter due to the highly judgmental nature of the assumptions used in the actuarial reserving process[428](index=428&type=chunk)[430](index=430&type=chunk)[431](index=431&type=chunk) [Changes in and Disagreements With Accountants on Accounting and Financial Disclosure](index=106&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20With%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants on accounting and financial disclosure - None [Controls and Procedures](index=106&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management, including the CEO and CFO, evaluated the company's disclosure controls and procedures and concluded they were effective at a reasonable level of assurance as of December 31, 2022 - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of December 31, 2022[632](index=632&type=chunk)[634](index=634&type=chunk) - There were no material changes to the company's internal control over financial reporting during the fourth quarter of 2022[637](index=637&type=chunk) [Other Information](index=108&type=section&id=Item%209B.%20Other%20Information) The company reports no other information - None PART III [Directors, Executive Officers, and Corporate Governance](index=109&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%2C%20and%20Corporate%20Governance) This section provides information on executive officers and incorporates by reference details on directors, the audit committee, and compliance from the 2023 Proxy Statement - Lists the executive officers of the company as of February 24, 2023, including Katherine H. Antonello (President and CEO) and Michael S. Paquette (EVP, CFO)[642](index=642&type=chunk)[643](index=643&type=chunk)[644](index=644&type=chunk) - Information regarding directors, the audit committee, and Section 16 compliance is incorporated by reference from the 2023 Annual Meeting of Stockholders Proxy Statement[650](index=650&type=chunk)[651](index=651&type=chunk)[652](index=652&type=chunk) [Executive Compensation](index=110&type=section&id=Item%2011.%20Executive%20Compensation) All required information regarding executive compensation is incorporated by reference from the 2023 Proxy Statement - Information is incorporated by reference from the 2023 Proxy Statement[654](index=654&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=110&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Security ownership information is incorporated by reference from the 2023 Proxy Statement, detailing securities to be issued and available for future issuance under equity compensation plans - Security ownership details are incorporated by reference from the 2023 Proxy Statement[655](index=655&type=chunk) Equity Compensation Plan Information (as of Dec 31, 2022) | Plan Category | Securities to be Issued Upon Exercise | Securities Remaining for Future Issuance | | :--- | :--- | :--- | | Stock options | 23,500 | 1,801,631 | | RSUs | 257,313 | 1,544,318 | | PSUs | 478,405 | 1,065,913 | | **Total** | **759,218** | **1,065,913** | [Certain Relationships and Related Transactions, and Director Independence](index=111&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) All required information for this item is incorporated by reference from the 2023 Proxy Statement - Information is incorporated by reference from the 2023 Proxy Statement[659](index=659&type=chunk) [Principal Accountant Fees and Services](index=111&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) All required information regarding principal accountant fees and services is incorporated by reference from the 2023 Proxy Statement - Information is incorporated by reference from the 2023 Proxy Statement[660](index=660&type=chunk) PART IV [Exhibits and Financial Statement Schedules](index=112&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists financial statements, schedules, and exhibits, including governance documents, material contracts, and Sarbanes-Oxley Act certifications - This section contains a list of all financial statements, schedules, and exhibits filed with the report[663](index=663&type=chunk) - Filed exhibits include governance documents, material contracts (reinsurance, credit agreements), and executive compensation plans[673](index=673&type=chunk) - Includes required CEO and CFO certifications pursuant to the Sarbanes-Oxley Act[677](index=677&type=chunk) [Form 10-K Summary](index=119&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company indicates that there is no Form 10-K summary - None ```

Financial Data and Key Metrics Changes - The company reported a 22% increase in written premiums for Q4 2022 and a 21% increase for the full year [7][8] - Net investment income rose by 53% for the quarter and 24% for the year, totaling $90 million, the highest since 2009 [9][22] - The effective tax rate decreased to 16% from 20% year-over-year [20] Business Line Data and Key Metrics Changes - The Employers segment had underwriting income of $24 million, down from $28 million a year ago, with a combined ratio of 87% compared to 82% [14] - Cerity's premium writings increased by 350% from $1.5 million to $6.7 million [11] Market Data and Key Metrics Changes - The company experienced strong growth in new renewal and final audit premiums, driven by a robust labor market and rising wages [8][25] - The average pricing in Q4 2022 showed the smallest year-over-year rate decrease, approaching flat [40] Company Strategy and Development Direction - The company aims to identify new profitable segments in the workers' compensation market while maintaining fixed expenses [26] - The focus for 2023 includes investing in workforce and customer experience improvements [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong capital position and growth potential [30] - The competitive environment remains challenging, but there are opportunities due to insurtechs tightening pricing [40] Other Important Information - The company returned over $120 million to shareholders in 2022 through share repurchases and dividends [18] - The Federal Home Loan Bank strategy is expected to taper by the end of 2023, impacting future net investment income [46] Q&A Session Summary Question: Capital situation and potential for capital return - Management confirmed a strong capital position and the potential for further capital returns in the future [29][30] Question: Cerity's fourth quarter performance - Cerity's premium increased by about 275% year-over-year, with expectations for continued growth [33] Question: Current accident year outlook - Management does not expect a material change in the current accident year [35] Question: Competitive environment - The competitive landscape remains challenging, with some insurtechs tightening pricing, creating opportunities for the company [40] Question: Frequency and severity trends - Frequency is decreasing significantly, while severity is showing a slight uptick, but nothing concerning is anticipated [41][44] Question: Federal Home Loan Bank strategy impact - The strategy is expected to end in late 2023, with diminishing benefits as the year progresses [46]

Employers Holdings, Inc. (NYSE:EIG) Q3 2022 Earnings Conference Call October 28, 2022 11:00 AM ET Company Participants Lori Brown - EVP, GC Katherine Antonello - CEO Michael Paquette - CFO Conference Call Participants Operator Good day, ladies and gentlemen. Thank you for standing by. And welcome to the Q3 2022 Employers Holdings, Inc., Earnings Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instruction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number: 001-33245 EMPLOYERS HOLDINGS, INC. (Exact name of registrant as specified in its charter) Nevada 04-3850065 (State or other jurisd ...

Employers Holdings, Inc. (NYSE:EIG) Q2 2022 Earnings Conference Call July 29, 2022 11:00 AM ET Company Participants Lori Brown - EVP and General Counsel Katherine Antonello - CEO Michael Paquette - CFO Conference Call Participants Mark Hughes - Truist Securities Paul Newsome - Piper Sandler Operator Good day and thank you for standing by. Welcome to today's Second Quarter 2022 Employers Holdings, Inc. Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ pre ...