Employers Holdings EIG Business Exit Costs1
Business Exit Costs1 at other companies
Other financials
Where this comes from
Reported directly by Employers Holdings in its filing.
Tagged under the XBRL concept us-gaap:BusinessExitCosts1.
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
In 2023, the Company recorded a non-recurring charge in connection with the early termination of the lease associated with its former corporate headquarters in Reno, Nevada. This charge included a one-time lease termination payment of $7.6 million, a write-off related to remaining leasehold improvements and furniture and equipment of $2.6 million, and estimated miscellaneous expenses associated with exiting the property of $0.2 million. The Company also recognized a lease termination gain pertaining to the elimination of the lease liability net of the ROU asset of $1.0 million. These amounts are included in Other non-recurring expenses on the Company's Consolidated Statements of Comprehensive Income (Loss). The decision to terminate this operating lease was undertaken as part of an ongoing review of the Company's future facility needs.
Item 8. Financial Statements and Supplementary Data
FAQ
- What is Employers Holdings's business exit costs1?
- Employers Holdings (EIG) reported business exit costs1 of $1.9M in Q4 2023.
- What does business exit costs1 mean?
- Includes expenses incurred related to the discontinuation of specific business lines, operations, or geographic segments. This metric identifies non-recurring costs associated with restructuring, severance, or asset impairments resulting from strategic exits. It is a key indicator for investors to isolate core operational performance from one-time organizational changes.
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