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Employers Holdings EIG Insurance Operations — Deferred policy acquisition costs

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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$885.15M-20.9%
Enterprise value$860.85M-15.8%
P/E19.9×+9.0×
P/S-0.3×

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:DeferredPolicyAcquisitionCosts.

The official record: Employers Holdings’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Employers Holdings's insurance operations — deferred policy acquisition costs?
Employers Holdings (EIG) reported insurance operations — deferred policy acquisition costs of $57.1M in Q4 2025.
What does insurance operations — deferred policy acquisition costs mean?
Represents the capitalized costs, such as commissions and underwriting expenses, directly related to the acquisition of new or renewed insurance policies. These costs are deferred and amortized over the life of the policy to match expenses with the corresponding earned premium revenue. It is a critical balance sheet item for understanding the timing of profitability in insurance accounting.