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]

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) 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 ...

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 | --- | --- | --- | --- | --- | --- | --- ...

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 ...

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 ...

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 ...

To determine the list, Forbes and Statista surveyed more than 300,000 employees in over 50 countries who work for multinational corporations that have more than 1,000 employees and operate in at least two of the six continental regions of the world. HORSHAM, Pa., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Grupo Bimbo, the world's leading bakery company, has been recognized for the first time as one of the "World's Best Employers 2024." The global edition of Forbes magazine and the research company Statista compiled ...

VANCOUVER, British Columbia, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") has been named to the Forbes list of the World's Best Employers 2024, an employee-driven ranking of multinational companies and institutions from over 50 countries around the world. "As we produce the metals that matter for the energy transition, a core part of our success is our diverse team of skilled, dedicated and passionate people," said Jonathan Price, President and CEO. ...

Core Viewpoint - Employers Holdings, Inc. announces the appointment of Michael Pedraja as Executive Vice President and Chief Financial Officer, effective February 3, 2025, succeeding Michael Paquette who will retire in March 2025 [1][2]. Company Overview - Employers Holdings, Inc. is a leading provider of workers' compensation insurance, focusing on small and mid-sized businesses in low-to-medium hazard industries [6][8]. - The company operates throughout the United States, offering insurance through various subsidiaries, all rated A- (Excellent) by A.M. Best [8]. Leadership Transition - Michael Pedraja brings over 30 years of experience in corporate financial services, having held various roles in the insurance sector [2][5]. - Pedraja's previous position was Group Chief Financial Officer for Ariel Re Services, and he has also worked at The Allstate Corporation and major investment banks [5]. Strategic Goals - Pedraja is expected to drive the company's strategic goals, optimize financial operations, and contribute to the company's transformation [3][4]. - The leadership team aims to solidify Employers as America's small business insurance specialist while focusing on profitable growth and shareholder value [6].