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Employers Holdings EIG Insurance Operations — Commission expense

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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:InsuranceCommissions.

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
RevenuesThree Months Ended / March 31, 2026 / (unaudited)Three Months Ended / March 31, 2025 / (unaudited)
Total revenues207.6202.6
Expenses
Losses and loss adjustment expenses129.1120.7
Commission expense23.723.0
Underwriting expenses40.942.9
Interest and financing expenses1.10.1
Total expenses194.8186.7
Net income before income taxes12.815.9

Item 1. Consolidated Financial Statements

FAQ

What is Employers Holdings's insurance operations — commission expense?
Employers Holdings (EIG) reported insurance operations — commission expense of $23.7M in Q1 2026.
How has Employers Holdings's insurance operations — commission expense changed year-over-year?
Employers Holdings's insurance operations — commission expense increased by 3.0% year-over-year, from $23M to $23.7M.
What is the long-term trend for Employers Holdings's insurance operations — commission expense?
Over 3 years (2022 to 2025), Employers Holdings's insurance operations — commission expense has grown at a 0.7% compound annual growth rate (CAGR), from $95.9M to $97.9M.
What does insurance operations — commission expense mean?
The costs paid to insurance agents, brokers, or other distribution partners for acquiring and servicing insurance policies. This metric measures the efficiency and cost-effectiveness of the company's sales and distribution network.

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