Employers (EIG)

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Employers (EIG) - 2020 Q2 - Quarterly Report
2020-07-28 21:15
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 June 30, 2020 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 jurisdictio ...
Employers (EIG) - 2020 Q2 - Earnings Call Transcript
2020-07-24 21:50
Employers Holdings, Inc. (NYSE:EIG) Q2 2020 Earnings Conference Call July 24, 2020 11:30 AM ET Company Participants Lori Brown - General Counsel Doug Dirks - Chief Executive Officer Mike Paquette - Chief Financial Officer Steve Festa - Chief Operating Officer Conference Call Participants Matt Carletti - JMP Securities Mark Hughes - SunTrust Bob Farnam - Boenning and Scattergood Operator Ladies and gentlemen, thank you for standing by and welcome to the Employers Holdings Second Quarter 2020 Earnings Confere ...
Employers (EIG) - 2020 Q1 - Quarterly Report
2020-04-24 20:51
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 March 31, 2020 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 jurisdicti ...
Employers (EIG) - 2019 Q4 - Earnings Call Transcript
2020-02-21 02:24
Employers Holdings, Inc. (NYSE:EIG) Q4 2019 Earnings Conference Call February 20, 2020 11:30 AM ET Company Participants Lori Brown - EVP, Chief Legal Officer, General Counsel & Corporate Secretary Douglas Dirks - President, CEO & Director Michael Paquette - EVP & CFO Stephen Festa - EVP & COO Conference Call Participants Mark Hughes - SunTrust Robinson Humphrey Amit Kumar - Buckingham Research Operator Good morning, ladies and gentlemen, and welcome to the Fourth Quarter 2019 Employers Holdings Inc. Earning ...
Employers (EIG) - 2019 Q4 - Annual Report
2020-02-20 21:27
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value per share EIG New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...
Employers (EIG) - 2019 Q3 - Earnings Call Transcript
2019-10-26 07:05
Employers Holdings, Inc. (NYSE:EIG) Q3 2019 Earnings Conference Call October 24, 2019 11:11 AM ET Company Participants Lori Brown - Executive Vice President, General Counsel Doug Dirks - Chief Executive Officer Mike Paquette - Chief Financial Officer Steve Festa - Chief Operating Officer Conference Call Participants Matthew Carletti - JMP Securities Mark Hughes - SunTrust Robinson Humphrey Bob Farnam - Boenning and Scattergood, Inc Ronald Bobman - Capital Returns Operator Ladies and gentlemen, thank you for ...
Employers (EIG) - 2019 Q3 - Quarterly Report
2019-10-24 23:37
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, 2019 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 (EIG) - 2019 Q2 - Quarterly Report
2019-07-29 21:25
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 June 30, 2019 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 jurisdictio ...
Employers (EIG) - 2019 Q2 - Earnings Call Transcript
2019-07-28 08:01
Employers Holdings, Inc. (NYSE:EIG) Q2 2019 Earnings Conference Call July 25, 2019 11:30 AM ET Company Participants Lori Brown - Executive Vice President, General Counsel Doug Dirks - Chief Executive Officer Mike Paquette - Chief Financial Officer Steve Festa - Chief Operating Officer Conference Call Participants Mark Hughes - SunTrust Matthew Carletti - JMP Securities Amit Kumar - Buckingham Research Bob Farnam - Boenning and Scattergood Operator Good day, ladies and gentlemen, and welcome to the Employers ...
Employers (EIG) - 2019 Q1 - Earnings Call Transcript
2019-04-29 02:54
Financial Data and Key Metrics Changes - The company reported a 10.4% annualized return on adjusted equity and more than doubled its net income, with adjusted income growing by 5.5% [6][7] - Book value per share increased by 6.6%, and the combined ratio before the impact of the loss portfolio transfer (LPT) was 91.9% [7][10] - The first quarter loss and LAE ratio before the impact of the LPT was 52.1%, which is 3.4 percentage points lower than the previous year [10] Business Line Data and Key Metrics Changes - Net written premiums for the quarter were $209 million, down $1.4 million or 0.7% from the first quarter of 2018, primarily due to a reduction in final audit premium [14] - New business-bound policies increased by 19.1% year-over-year, but new business premium decreased by $800,000 or 1.3% over the prior quarter [15] - Renewal premium growth was 9.3% or $12 million, with policy unit retention rates increasing from 93% to 95.2% year-over-year [16] Market Data and Key Metrics Changes - The average renewal rate declined by 11.6%, compared to a 9.5% decline in the same period a year ago, indicating competitive pressures in the middle market business [7][8] - The company experienced a 22% increase in payroll exposure year-over-year, despite a 3.4% decrease in average in-force policy size [17] Company Strategy and Development Direction - The company is focusing on digital solutions based on data, analytics, and technology to create a sustainable competitive advantage [18] - The strategy around small low hazard accounts is aimed at less competition and higher persistency, which continues to be effective [18] Management's Comments on Operating Environment and Future Outlook - Management noted that the underlying loss environment for workers' compensation remains attractive, supporting continued growth [9] - There is an expectation that the declining loss cost trends may be moderating, particularly in California, which could impact pricing strategies [32][33] Other Important Information - The company repurchased $27.4 million of common stock during the quarter, with an additional $10.4 million repurchased since quarter-end [13] - The Board of Directors increased the share repurchase authorization by $50 million, bringing the remaining authority to $57.5 million [13] Q&A Session Summary Question: Momentum in submissions and quotes - Management indicated that the trend of increasing submissions and quotes has continued into the first quarter, with expectations for further impact from ongoing initiatives [20] Question: Loss pick and mix - Management acknowledged that loss trends are rising faster than premiums in certain areas, but this is not consistent across the country [21] Question: Share repurchase sustainability - Management expressed optimism about the sustainability of share repurchases, noting that they are now in a position to be opportunistic [22][24] Question: Progress on Cerity - Early observations on Cerity have been positive, with expectations for rapid growth dependent on regulatory approvals [25][26] Question: Technology initiatives and expense ratio - Management confirmed that the expense ratio is expected to remain about 4 points higher than last year, consistent throughout the year [28][29] Question: Pricing outlook - Management noted that while loss costs are still declining, there may be signs of moderation, particularly in California, which could affect pricing strategies [31][32] Question: Reserve releases - The reserve releases were predominantly from accident years 2014 through 2017 [34] Question: Partner reacquisition update - Management remains optimistic about receiving clearance for the partner reacquisition soon [35]