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Employers Holdings EIG Insurance Operations — Unearned premiums

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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:UnearnedPremiums.

The source filing: Employers Holdings’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 4:53 PM EST
Fiscal year
FY2025
Accession
0001379041-26-000011

| Insurance Operations | | | | | | | | | | | | 2025 | 57.1 | 1,805.8 | 391.9 | 761.9 | 116.7 | 548.1 | 33.6 | 123.2 | 558.2 | 750.1 | | 2024 | 59.6 | 1,808.2 | 402.2 | 749.5 | 107.0 | 480.2 | (24.0) | 119.6 | 516.5 | 769.5 | | 2023 | 55.6 | 1,884.5 | 379.7 | 721.9 | 106.5 | 457.8 | (52.1) | 113.8 | 464.9 | 760.6 |

Item 15. Exhibits and Financial Statement Schedules

FAQ

What is Employers Holdings's insurance operations — unearned premiums?
Employers Holdings (EIG) reported insurance operations — unearned premiums of $391.9M in Q4 2025.
What does insurance operations — unearned premiums mean?
Represents the portion of written premiums that has been collected but not yet earned because the policy coverage period is still active. As time passes and the insurer provides coverage, this liability is systematically recognized as revenue. It serves as a key indicator of future revenue potential and the company's current exposure to active policy risks.

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