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Employers Holdings EIG Insurance Operations — Combined Ratio

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Other financials

Income statement

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Revenue$207.6M+2.5%
Net income$10.2M-20.3%
EPS (diluted)$0.520.0%

Balance sheet

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Cash & equivalents$153.1M+52.5%
Total debt$128.8M+3,289%
Total equity$866.5M-19.4%
Total assets$3.4B-3.4%

Cash flow

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Operating cash flow$2.2M-84.9%
CapEx$900.0K+80.0%
Free cash flow$1.3M-90.8%

Valuation

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Market cap$888.87M-8.6%
Enterprise value$864.57M-4.6%
P/E20×+9.0×
P/S-0.1×

Profitability

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Net margin6.9%-8.4pp
FCF margin3.8%-6.8pp

Returns & leverage

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Return on equity5.9%
Debt / equity0.1×+0.1×

Where this comes from

Reported directly by Employers Holdings in its filing.

Tagged under the XBRL concept us-gaap:CombinedRatio.

The source filing: Employers Holdings’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 4:17 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0001379041-26-000023
Three Months Ended March 31, 2026Insurance OperationsTotal
Net income before income taxes12.812.8
Income tax2.62.6
Net income (4)$10.2$10.2
Combined ratio107.1%107.1%
Adjusted stockholders' equity:
Stockholders’ equity$866.5$866.5
Deferred reinsurance gain—LPT Agreement86.886.8
Accumulated other comprehensive loss, net of tax9.09.0

Item 1. Consolidated Financial Statements

FAQ

What is Employers Holdings's insurance operations — combined ratio?
Employers Holdings (EIG) reported insurance operations — combined ratio of 107.1% in Q1 2026.
How has Employers Holdings's insurance operations — combined ratio changed year-over-year?
Employers Holdings's insurance operations — combined ratio increased by 5.0% year-over-year, from 102% to 107.1%.
What does insurance operations — combined ratio mean?
This is a fundamental insurance industry metric that measures underwriting profitability by comparing the sum of claims, loss adjustment expenses, and underwriting expenses to earned premiums. A ratio below 100% indicates an underwriting profit, while a ratio above 100% indicates an underwriting loss.

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