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Teck Named as One of Canada's Top 100 Employers
GlobeNewswire News Room· 2024-11-15 23:27
VANCOUVER, British Columbia, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck”) has been named one of Canada’s Top 100 Employers for the eighth consecutive year by Mediacorp Canada’s Top Employers program, which recognizes companies for exceptional human resource programs and innovative workplace policies. “Our people are committed to providing essential resources the world needs in a responsible manner that supports communities, the economy, and a healthy ...
Conagra Brands Named to Military Times' 2024 Best for Vets: Employers List
Prnewswire· 2024-11-14 12:30
CHICAGO, Nov. 14, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today announced that it has been recognized on the 2024 Best for Vets: Employers list by Military Times. This recognition comes as the company continues to demonstrate its dedication to supporting veterans and active-duty service members, as well as their families, through strategic partnerships and internal initiatives. Conagra's Veterans Employee Resource Group is essential in cultivating a diverse and inclusive workplace by amplifyin ...
Employers (EIG) - 2024 Q3 - Quarterly Report
2024-11-01 20:26
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, 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 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) - 2024 Q3 - Earnings Call Transcript
2024-11-01 02:37
Financial Data and Key Metrics Changes - Net income per share increased by 124% year-over-year, while adjusted net income per share rose by 19% [8] - Gross premiums written decreased by 8% to $181 million, while net premiums earned increased by 1% to $187 million [11] - Loss and loss adjustment expenses were $118 million, compared to $115 million a year ago, with a loss and loss adjustment expense ratio of 63.9% [12] - Net investment income increased by 3% to $27 million, primarily due to higher yields on fixed maturity securities [14] - Stockholders' equity was positively impacted by $52 million of net after-tax unrealized gains from fixed maturity holdings [15] Business Line Data and Key Metrics Changes - The current accident year loss and LAE ratio on voluntary business was 64%, slightly above the 63.3% maintained throughout 2023 [9] - The underwriting and general administrative expense ratio improved to 23.2%, down from 23.6% a year ago [10][13] Market Data and Key Metrics Changes - The company experienced reductions in both premium audit pickup and audit accrual, impacting net written premium [24] - Policies in force during Q3 2024 increased more than in the first or second quarters of 2024, indicating growth from smaller policy size bands [25] Company Strategy and Development Direction - The appetite expansion effort contributed to a 7% increase in premium year-to-date, excluding adjustments from premium audit [18] - The company continues to seek new class codes for profitable growth and is not planning to halt this strategy [22] Management's Comments on Operating Environment and Future Outlook - Management noted that the labor market slowed over the summer but picked back up in September, which may have contributed to the lull in audit premiums [23] - There is downward pressure on loss costs expected in 2025, driven by decreases in frequency and moderate changes in severity [26] Other Important Information - The company repurchased $7 million of common stock at an average price of $45.27 per share during Q3 2024, with an additional $1 million repurchased in Q4 [16] - A fourth quarter 2024 regular quarterly dividend of $0.30 per share was declared, payable on November 27 [16] Q&A Session Summary Question: Growth prospects of appetite expansion - Management believes the appetite expansion strategy is ongoing and continues to find new class codes for growth [21][22] Question: Lull in audit premium pace - Management could not identify specific reasons for the lull but noted broader economic factors and volatility in employment growth [23][24] Question: Prognostication for aggregate loss costs - Management indicated that filings effective from January 1, 2025, show downward pressure on loss costs, with no significant changes expected [26]
Here's What Key Metrics Tell Us About Employers Holdings (EIG) Q3 Earnings
ZACKS· 2024-10-31 01:06
Employers Holdings (EIG) reported $224 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 10.1%. EPS of $0.81 for the same period compares to $0.68 a year ago. The reported revenue represents a surprise of -0.53% over the Zacks Consensus Estimate of $225.19 million. With the consensus EPS estimate being $0.78, the EPS surprise was +3.85%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...
Employers Holdings (EIG) Beats Q3 Earnings Estimates
ZACKS· 2024-10-30 23:41
Employers Holdings (EIG) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.85%. A quarter ago, it was expected that this provider of workers-compensation insurance would post earnings of $1.08 per share when it actually produced earnings of $1.10, delivering a surprise of 1.85%. Over ...
Employers (EIG) - 2024 Q3 - Quarterly Results
2024-10-30 20:18
Exhibit99.2 EmployersHoldings,Inc. ThirdQuarter2024 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. Reports Third Quarter 2024 Results and Declares Regular Quarterly Dividend of $0.30 per Share
GlobeNewswire News Room· 2024-10-30 20:15
RENO, Nev., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Employers Holdings, Inc. (the "Company") (NYSE:EIG), a holding company with subsidiaries that are specialty providers of workers' compensation insurance and services focused on small and mid-sized businesses engaged in low-to-medium hazard industries, today reported financial results for its third quarter ended September 30, 2024. Financial Highlights: (All comparisons vs. the third quarter of 2023). Net income per diluted share increased by 124%, from $0.54 to ...
ibex Ranked #2 in Forbes America's Best Employers for Tech Workers List
GlobeNewswire News Room· 2024-10-23 13:00
WASHINGTON, Oct. 23, 2024 (GLOBE NEWSWIRE) -- ibex (NASDAQ: IBEX), a leading global provider of business process outsourcing (BPO) and customer engagement technology solutions, today announced it has been ranked at No. 2 on the 2024 Forbes list of America’s Best Employers for Tech Workers, placing it ahead of global tech industry giants. To create the list, Forbes surveyed more than 25,000 tech workers in the United States employed at companies across all sectors with at least 1,000 people. Survey responden ...
Robert Half Named one of Forbes' World's Best Employers for 2024
Prnewswire· 2024-10-14 16:45
MENLO PARK, Calif., Oct. 14, 2024 /PRNewswire/ -- Global talent solutions and business consulting firm Robert Half (NYSE: RHI), including its subsidiary, Protiviti®, has again been named by Forbes as one of the World's Best Employers 2024. This prestigious recognition highlights Robert Half's commitment to creating an exceptional workplace for its employees across the globe. Forbes' World's Best Employers awards celebrate global organizations that perform exceptionally well in prioritizing employee well-bei ...