PINE BLUFF, Ark., Aug. 20, 2024 /PRNewswire/ -- Simmons Bank announced today it has been named to Forbes America's Best-In-State Employers 2024 in the state of Missouri. This prestigious award is presented by Forbes and Statista Inc., the leading statistics portal and industry ranking provider. America's Best-In-State Employers 2024 have been identified in an independent survey from a vast sample of over 160,000 employees working for companies employing at least 500 people within the U.S. Forbes Best-In-Sta ...

Core Viewpoint - Employers Holdings, Inc. (EIG) reported better-than-expected second-quarter 2024 earnings, but shares declined 5.8% post-results due to increased overall expenses offsetting positive growth in premiums and investment yields [1] Financial Performance - Adjusted earnings per share (EPS) for Q2 were $1.10, exceeding the Zacks Consensus Estimate by 1.9%, but down 6% year over year [2] - Total revenues increased by 0.8% year over year to $217 million, missing the consensus estimate by 3% [2] - Gross premiums written rose 5% year over year to $207.9 million, driven by new business growth and higher renewal rates, while net premiums written also increased by 5% to $206.1 million [3] - Net premiums earned were $187.8 million, a 6% year-over-year improvement, but fell short of the Zacks Consensus Estimate by 4.6% [3] - Net investment income grew 0.4% year over year to $26.9 million, aided by higher yields on fixed-maturity securities, though it slightly missed the consensus mark by 0.1% [4] Expense and Profitability Metrics - Total expenses increased by 3.3% year over year to $177 million, with losses and loss adjustment expenses rising 20% due to higher earned premiums [5] - Pre-tax income for the quarter was $40 million, down 8.7% year over year [5] - The combined ratio increased by 380 basis points year over year to 94.2%, but was better than the Zacks Consensus Estimate of 95.5% [6] Balance Sheet and Capital Management - As of June 30, 2024, EIG had investments, cash, and cash equivalents totaling $2.47 billion, a slight decrease from $2.5 billion at the end of 2023 [7] - Total assets remained flat at $3.6 billion, while total stockholders' equity improved to $1.02 billion from $1.01 billion at the end of 2023 [7] - The adjusted book value per share rose to $48.89 from $45.41 a year ago [7] - EIG repurchased shares worth $19.2 million in Q2 and announced a quarterly dividend of 30 cents for Q3, payable on August 28, 2024 [8]

BOSTON, Aug. 12, 2024 /PRNewswire/ -- Dyad, a leading insurance software and services provider, announced today that EMPLOYERS, a specialty provider of workers' compensation insurance and services, is now connected with Dyad's ACE-HUB via API. Dyad's current customers will access EMPLOYERS' Workers' Compensation products via ACE-HUB immediately and the product will be available for others as needed. Dyad's ACE-HUB is a proprietary, cloud-based single connection point for multi-carrier data exchange that con ...

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Financial Data and Key Metrics Changes - The adjusted net income per share for Q2 2024 was $1.10, marking the highest quarterly result in the last 10 years [4] - Gross written premiums increased by 10% for the quarter, with all major distribution channels contributing to the growth [5] - The combined ratio was 95.4%, excluding the LPT, and the current accident year combined ratio was 100.2%, the lowest since Q4 2018 [5][6] - Net investment income was $27 million for the quarter, a slight increase year-over-year, primarily due to higher yields on fixed maturity investments [7][8] - The book value per share increased by 14% to $44.91, and the adjusted book value per share increased by more than 10% to $48.89 [10] Business Line Data and Key Metrics Changes - New business premiums increased by 9%, and renewal business premiums increased by 10%, partially offset by lower final audit premium recognition [4] - Endorsement premiums were strong, with $13 million recognized, and $3 million in noncompliant premium [18] - Approximately $41 million of premium this quarter came from appetite expansion efforts, performing at a favorable loss ratio [18] Market Data and Key Metrics Changes - The annual change in employment and hourly wages for leisure and hospitality was 6% as of June, down from 10.5% a year ago, impacting audit pick-ups [15][17] - Audit pick-ups decreased to $4.9 million this quarter from $7.7 million in Q2 2023, contributing to a decrease in audit accrual [17] Company Strategy and Development Direction - The company is focused on maintaining strong growth in written premiums and managing expenses effectively through integration plans [6][10] - The company intends to continue expanding into new classes as the environment remains favorable [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the effectiveness of medical cost containment measures in controlling medical inflation [14] - The competitive environment remains stable, with average rate decreases of 3% to 4% year-over-year in the renewal book [22] - Management noted that the decrease in audit pick-ups was not surprising given the underlying economic conditions [17] Other Important Information - The company repurchased $19 million of common stock at an average price of $41.53 per share during the quarter [9] - A regular quarterly dividend of $0.30 per share was declared, payable on August 28 [9] Q&A Session Summary Question: Does the workers' comp reimbursement in California follow Medicare fee schedules? - Yes, California medical fee schedules are tied to Medicare, with some adjustments [12] Question: Is the risk of future medical inflation limited due to fee schedules? - The industry has implemented successful medical cost containment measures, which help control medical costs [14] Question: What is the outlook for top line growth considering audit premiums? - The company is pleased with top line growth, although audit pick-ups have slowed, impacting overall growth [15][17] Question: What is the right run rate for expenses? - Expenses can vary based on several factors, but the current expense level is not considered unusual [19][20] Question: How is the competition in the workers' comp sector? - The competitive environment remains stable, with average rate decreases observed in the renewal book [22] Question: How does the ADP book perform compared to the non-ADP book? - The ADP book continues to perform favorably, with no significant changes noted [28]

INVESTOR PRESENTATION Second Quarter 2024 Forward-Looking Statements In this presentation, the Company and its management discuss and make statements based on currently available information regarding their intentions, beliefs, current expectations, and projections of, among other things, the Company's future performance, economic or market conditions, including current levels of inflation, changes in interest rates, labor market expectations, catastrophic events or geo-political conditions, legislative or ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 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 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, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission ...

For the quarter ended June 2024, Employers Holdings (EIG) reported revenue of $217 million, up 0.8% over the same period last year. EPS came in at $1.10, compared to $1.17 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $223.77 million, representing a surprise of -3.03%. The company delivered an EPS surprise of +1.85%, with the consensus EPS estimate being $1.08. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...

Employers Holdings (EIG) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $1.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.85%. A quarter ago, it was expected that this provider of workers-compensation insurance would post earnings of $0.69 per share when it actually produced earnings of $0.67, delivering a surprise of -2.90%. Ove ...

Exhibit99.2 EmployersHoldings,Inc. SecondQuarter2024 FinancialSupplement America's small business insurance specialist® EMPLOYERS HOLDINGS, INC. Table of Contents 1 Consolidated Financial Highlights 2 Summary Consolidated Balance Sheets 3 Summary Consolidated Income Statements 4 Return on Equity 5 Combined Ratios 6 Roll-forward of Unpaid Losses and LAE 7 Consolidated Investment Portfolio 8 Book Value Per Share 10 Non-GAAP Financial Measures Page 9 Earnings Per Share EMPLOYERS HOLDINGS, INC. Consolidated Fin ...