Employers Holdings, Inc.

Employers Holdings, Inc. (ticker: EHI) operates as a specialty provider of workers' compensation insurance and related services through its website at www.employers.com. The company focuses on small and mid-sized businesses engaged in lower hazard industries across most of the United States, with the notable exception of North Dakota, Ohio, Washington, and Wyoming, which are served exclusively by state funds.

The company operates through a single reportable segment, Insurance Operations, utilizing five wholly owned insurance subsidiaries: Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, Employers Assurance Company, and Cerity Insurance Company. Each subsidiary maintains an AM Best financial strength rating of "A" (Excellent). The company maintains total assets of approximately $3.4 billion and employs 623 full-time employees.

Employers Holdings generates revenue primarily through workers' compensation insurance premiums, with gross premiums written totaling $755.3 million in 2025. The company maintains significant geographic concentration in California, which represents approximately 46 percent of gross premiums written. The company's business model emphasizes disciplined underwriting focused on lower-hazard classifications within the seven-tier workers' compensation hazard group system, with particular strength in restaurants, building contractors, hospitality, and professional services sectors.

The company's competitive advantages include proprietary technology infrastructure supporting automated underwriting and data analytics capabilities, outcomes-based medical provider networks designed to optimize claims management, and established relationships with approximately 2,500 traditional insurance agencies. Distribution channels include traditional agents and brokers generating 64.5 percent of premiums, specialty agents and distribution partners generating 35.5 percent, with notable partnerships including Automatic Data Processing, which represents 18.6 percent of gross premiums written. The company also operates Cerity, a direct-to-consumer digital brand serving smaller risks through online platforms.

The company maintains substantial investment income from float generated through the timing gap between premium receipt and claims payment, with net investment income of approximately $71 million annually. The company pursues profitable growth while maintaining strong equity capital positions and returning excess capital to shareholders through regular dividends and share repurchases.