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Employers Holdings, Inc. Reports Fourth Quarter 2024 and Full-Year Financial Results; Declares Quarterly Cash Dividend of $0.30 per Share
GlobeNewswire· 2025-02-20 21:15
Core Insights - Employers Holdings, Inc. reported record financial results for the fourth quarter and full year 2024, achieving the highest levels of written and earned premium, in-force premium, policies, and net investment income in the company's history [2][3]. Financial Performance - Full-year 2024 net income was $118.6 million ($4.71 per diluted share), compared to $118.1 million ($4.45 per diluted share) in 2023, reflecting a slight increase [4]. - Adjusted net income for 2024 was $94.0 million ($3.73 per diluted share), down from $101.7 million ($3.83 per diluted share) in 2023 [4]. - Gross premiums written for the fourth quarter were $176.3 million, a decrease of 1% from $178.2 million in the same quarter of 2023 [8]. - Net premiums earned increased by 1% to $190.2 million in the fourth quarter compared to $187.5 million in the previous year [8]. - The company recognized $24.1 million of after-tax unrealized gains from common stocks and other investments [3]. Loss Ratios and Underwriting - The current accident year loss and LAE ratio on voluntary business was 64.0%, slightly above the previous year's ratio [3]. - The GAAP combined ratio for the fourth quarter was 97.9%, compared to 95.0% in the same quarter of 2023 [4]. - The ex-LPT combined ratio for the fourth quarter was 95.5%, while the full-year ratio was 98.6% [3][4]. Investment Performance - Net investment income for the fourth quarter was $26.7 million, an increase of 2% from $26.2 million in the previous year [12]. - The company reported total assets of $3,541.3 million as of December 31, 2024, compared to $3,550.4 million at the end of 2023 [34]. Shareholder Returns - The company returned $71.7 million to shareholders through share repurchases and dividends in 2024 [4]. - A first-quarter dividend of $0.30 per share was declared, payable on March 19, 2025 [17]. Operational Efficiency - Total underwriting expenses decreased by 5% to $68.6 million, primarily due to lower IT expenses from the Cerity integration [10]. - The company continues to focus on expanding its appetite, increasing self-service options, and enhancing operational efficiencies for 2025 [6]. Market Position - Employers Holdings, Inc. operates as a specialty provider of workers' compensation insurance, primarily targeting small and mid-sized businesses in low-to-medium hazard industries [24]. - The company has received an upgrade to its AM Best Financial Strength Rating to "A" (Excellent), indicating strong market positioning [5].
Konica Minolta Included in Forbes' America's Best Employers 2025 List
GlobeNewswire News Room· 2025-02-19 15:13
Core Points - Konica Minolta Business Solutions U.S.A., Inc. has been recognized as one of America's Best Large Employers for 2025 by Forbes in collaboration with Statista [1][6] - The selection process involved an independent survey of over 217,000 U.S. employees from companies with at least 1,000 employees, considering more than 6.5 million employer evaluations [2] Company Culture and Values - The recognition reflects the commitment of Konica Minolta's employees to innovation, teamwork, and making a meaningful impact, emphasizing the importance of a culture where every voice is valued [3][4] - The company promotes inclusivity, diversity, and equal opportunity, ensuring a welcoming workplace for individuals of all identities and backgrounds [4][5] Employee Development and Well-being - Konica Minolta prioritizes employee well-being, offering growth opportunities, benefits, and a healthy work-life balance, which motivates employees to thrive [4] - The company is dedicated to continuous investment in its workforce through active learning and upskilling initiatives [4] Company Background and Offerings - Konica Minolta has a 150-year history focused on innovation for societal good, aiming to support clients in their digital transformation [6] - The company provides a range of business technology solutions, including IT services, intelligent information management, and managed print services [6]
Casella Recognized on Forbes America's Best Midsize Employers List
GlobeNewswire News Room· 2025-02-19 14:00
RUTLAND, Vt., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, has been named to Forbes “America’s Best Midsize Employers” list for 2025. Casella was the only company in the waste, recycling, and resource management services industry—and the only company headquartered in Vermont—to be recognized among the nearly 500 organizations. Forbes partnered with market research firm Statista to survey more than 2 ...
Myriad Genetics Included in Forbes America's Best Employers 2025 List
GlobeNewswire News Room· 2025-02-19 13:30
Core Insights - Myriad Genetics, Inc. has been recognized on Forbes' list of America's Best Employers 2025, highlighting its status as a leader in genetic and genomic tumor testing and precision medicine [1] - The company received positive feedback from its employees, with 84% stating it is a Great Place To Work, which is 27 percentage points higher than the average U.S. company [2] Company Overview - Myriad Genetics is dedicated to advancing health and well-being through genetic testing that assesses disease risk and guides treatment decisions, ultimately improving patient care and reducing healthcare costs [6] - The company emphasizes innovation and teamwork, aiming to empower individuals by revealing genetic insights [2] Survey Methodology - The Forbes and Statista selection process for America's Best Employers involved an independent survey of over 217,000 U.S. employees from companies with at least 1,000 employees, considering more than 6.5 million employer evaluations [3]
Robert Half Named One of America's Best Large Employers in 2025 by Forbes
Prnewswire· 2025-02-14 17:00
Core Insights - Robert Half has been recognized by Forbes as one of America's Best Large Employers for 2025, highlighting its strong employee satisfaction and workplace culture [1][2]. Company Overview - Robert Half is the world's first and largest specialized talent solutions and business consulting firm, providing contract talent and permanent placement solutions across various fields including finance, accounting, technology, marketing, legal, and administrative support [4]. - The company also owns Protiviti, a global consulting firm that offers internal audit, risk, and business consulting solutions [4]. Employee Experience - The company offers flexible work options, competitive benefits, wellness offerings, and employee network groups, contributing to a positive work environment [3]. - Robert Half has been recognized for its commitment to employee development and workplace well-being, being named a Fortune Most Admired Company for 28 consecutive years and receiving accolades as a World's Best Employer and a Best Employer for Women [3]. Survey Methodology - The ranking by Forbes is based on an independent survey of approximately 217,000 workers from companies with 5,000 or more employees in the U.S., assessing factors such as compensation, advancement opportunities, and workplace flexibility [2].
La-Z-Boy Incorporated Named to Forbes' 2025 List of America's Best Large Employers
GlobeNewswire News Room· 2025-02-13 14:00
MONROE, Mich., Feb. 13, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, announced today that it has been recognized as one of America's Best Large Employers by Forbes for 2025. The list, produced in partnership with market research firm Statista, recognizes companies that excel across a broad spectrum of industries in six key dimensions: atmosphere and development, salary/wage, image, diversity, working conditions, and workp ...
Atmos Energy Recognized on Forbes “America's Best Employers” List for Fifth Consecutive Year
GlobeNewswire News Room· 2025-02-12 17:14
Dallas, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Along with Atmos Energy’s vision to be the safest provider of natural gas services is also to be recognized for being a great employer, and for the fifth consecutive year the company has done just that. Today Atmos Energy was recognized as a leading employer in the U.S. and in the utilities industry when it was named to the Forbes “America’s Best Employers” list. Key to this honor is the company’s unique culture, AtmoSpirit, which fosters innovation and engagement t ...
OpenText named one of Canada's Best Employers 2025 for the fifth consecutive year by Forbes
Prnewswire· 2025-02-05 14:00
WATERLOO, ON, Feb. 5, 2025 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced it has been named one of Canada's Best Employers 2025 by Forbes. The list, which is generated by Forbes in partnership with Statista, celebrates top organizations across Canada for their work flexibility, focus on professional development, growth opportunities, and more. This is the fifth consecutive year that OpenText has been named to the list by Forbes."Being named one of Canada's Best Employers by Forbes is ...
Employers Holdings, Inc. Schedules Fourth Quarter and Full-Year 2024 Earnings Release and Conference Call
GlobeNewswire· 2025-01-30 21:15
RENO, Nev., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Employers Holdings, Inc. (the “Company”) (NYSE:EIG) today announced that it will release its fourth quarter and full-year 2024 financial results after market close on Thursday, February 20, 2025, after which these materials will be available on the Company’s website at www.employers.com through the “Investors” link. Conference Call DetailsThe Company will then review these financial results via a conference call and webcast on Friday, February 21, 2025, at 11:00 ...
Yum China named as a "Top Employer" in China by Top Employers Institute for seventh consecutive year, achieving Top 2 national ranking
Prnewswire· 2025-01-21 13:34
Core Insights - Yum China has been recognized as a "2025 China Top Employer" for the seventh consecutive year, ranking second overall among 156 companies and first in the restaurant industry [1][2] Employee Engagement and Development - The company emphasizes its "People First" philosophy, focusing on a supportive workplace and employee empowerment [2] - In 2024, Yum China launched a "Comprehensive Talent Development" program that provides technology-enhanced learning and development support for employees at all career stages [3] - The introduction of a metaverse space for management trainee recruitment and "gamified" interviews aims to attract Gen Z talent [4] Employee Well-being Initiatives - Yum China plans to expand its "YUMC Care" benefits program in 2025, which includes increased medical coverage for over 10,000 frontline restaurant managers and a broadened mutual aid fund [5] - The company recognizes the contributions of its restaurant general managers (RGMs) through its "RGM No.1" principle, hosting an annual RGM Convention attended by over 11,000 RGMs [6] Future Focus - The company is committed to continuously improving employee engagement and well-being by incorporating feedback from employee surveys and events [7]