Overview
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- TickerEIG on NYSE1
- IndustryFire, Marine & Casualty Insurance1
- HeadquartersReno, Nevada1
- Websitewww.employers.com
- Incorporated inNV3
- Business address5340 Kietzke Lane, Suite 202, Reno, Nv 895113
- Filer categoryLarge accelerated filer3
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Employers Holdings, Inc. (EHI) is a holding company, which was incorporated in Nevada in 2005, with subsidiaries that are specialty providers of workers' compensation insurance and related services focused on small and mid-sized businesses engaged in lower hazard industries. In February 2026, we launched a new excess workers' compensation product that will be offered to self-insured enterprises in several jurisdictions across the United States (U.S.). We had 623 full-time employees at December 31, 2025 and our corporate headquarters are located at 5340 Kietzke Lane, Suite 202, Reno, Nevada, 89511. We operate throughout the U.S. with the exception of North Dakota, Ohio, Washington and Wyoming, which are served exclusively by their state funds. We offer insurance through Employers Insurance Company of Nevada (EICN), Employers Compensation Insurance Company (ECIC), Employers Preferred Insur…5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
1.3%Net margin6
-2.5%Revenue growth, 20256
1.1%Return on equity6
0.02×Debt to equity6
$44.6MFree cash flow6
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs99¢$846.7M
- Income tax0¢$1.2M
- Profit1¢$10.8M
Out of $858.7M in revenue.6
Where each dollar of operating cash went, fiscal 2025
- Capital spending0¢$100.0K
- Dividends paid14¢$29.9M
- Share buybacks86¢$182.8M
Out of $44.7M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net premiums earned | $761.9M | $749.5M | $721.9M |
| Net investment income | $116.7M | $107.0M | $106.5M |
| Net realized and unrealized (losses) gains on investments | -$20.4M | $24.1M | $22.7M |
| Other income (loss) | $500.0K | $100.0K | -$200.0K |
| Total revenues | $858.7M | $880.7M | $850.9M |
| Losses and loss adjustment expenses | $581.8M | $456.2M | $405.7M |
| Commission expense | $97.9M | $101.2M | $100.0M |
| Underwriting expenses | $165.4M | $176.5M | $180.0M |
| Interest and financing expenses | $500.0K | $100.0K | $5.8M |
| Other non-recurring expenses | $1.1M | $11.0M | |
| Total expenses | $846.7M | $734.0M | $702.5M |
| Net income before income taxes | $12.0M | $146.7M | $148.4M |
| Income tax expense | $1.2M | $28.1M | $30.3M |
| Net income | $10.8M | $118.6M | $118.1M |
| Unrealized AFS investment gains (losses) during the period, net of tax (expense) benefit of $(12.5), $0.9, and $(12.3) for the years ended December 31, 2025, 2024, and 2023, respectively | $46.6M | -$3.5M | $46.6M |
| Reclassification adjustment for realized AFS investment losses in net income, net of tax (benefit) of $(11.5), $(1.8), and $(1.7) for the years ended December 31, 2025, 2024, and 2023, respectively | $43.2M | $7.0M | $6.3M |
| Other comprehensive income, net of tax | $89.8M | $3.5M | $52.9M |
| Total comprehensive income | $100.6M | $122.1M | $171.0M |
| Basic | $0.46 | $4.73 | $4.48 |
| Diluted | $0.46 | $4.71 | $4.45 |
| Cash dividends declared per common share and eligible equity plan awards | $1.26 | $1.18 | $1.10 |
| Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, Tax | -$12.5M | $900.0K | -$12.3M |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | -$11.5M | -$1.8M | -$1.7M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Fixed maturity securities at fair value (amortized cost $2,031.8 at December 31, 2025 and $2,203.1 at December 31, 2024, less CECL allowance of $0.4 at December 31, 2025 and $1.1 at December 31, 2024) | $2.0B | $2.1B | ||
| Equity securities at fair value (cost $96.5 at December 31, 2025 and $145.0 at December 31, 2024) | $184.0M | $254.1M | ||
| Equity securities at cost | $7.5M | $5.7M | ||
| Other invested assets (cost $79.4 at December 31, 2025 and $90.9 at December 31, 2024) | $96.5M | $106.6M | ||
| Short-term investments at fair value (amortized cost $10.1 at December 31, 2025 and $0.1 at December 31, 2024) | $10.1M | $100.0K | ||
| Total investments | $2.3B | $2.5B | ||
| Cash and cash equivalents | $159.8M | $68.3M | ||
| Restricted cash and cash equivalents | $200.0K | $200.0K | ||
| Accrued investment income | $15.5M | $15.7M | ||
| Premiums receivable (less CECL allowance of $22.6 at December 31, 2025 and $19.2 at December 31, 2024) | $335.4M | $361.3M | ||
| Paid losses | $5.9M | $6.3M | ||
| Unpaid losses (less CECL allowance of $0.8 at December 31, 2025 and $0.9 at December 31, 2024) | $385.7M | $411.5M | ||
| Deferred policy acquisition costs | $57.1M | $59.6M | ||
| Federal income taxes receivable | $16.1M | $4.8M | ||
| Deferred Income Tax Assets, Net | $14.3M | $38.3M | ||
| Property and equipment, net | $6.5M | $7.8M | ||
| Operating lease right-of-use assets | $3.7M | $3.7M | ||
| Intangible assets, net | $13.6M | $13.6M | ||
| Goodwill | $36.2M | $36.2M | ||
| Cloud computing arrangements | $12.9M | $17.3M | ||
| Other assets | $34.9M | $32.8M | ||
| Total assets | $3.4B | $3.5B | ||
| Unpaid losses and loss adjustment expenses | $1.8B | $1.8B | $1.9B | $2.0B |
| Unearned premiums | $391.9M | $402.2M | ||
| Commissions and premium taxes payable | $59.9M | $65.8M | ||
| Accounts payable and accrued expenses | $23.4M | $21.2M | ||
| Deferred reinsurance gainLPT Agreement | $88.0M | $94.0M | $99.2M | |
| Short-Term Debt | $16.0M | $0 | ||
| Contractual Obligation | $7.7M | $13.8M | ||
| Operating lease liability | $3.9M | $4.2M | ||
| Long-term debt | $19.0M | $0 | ||
| Other liabilities | $65.3M | $63.2M | ||
| Total liabilities | $2.5B | $2.5B | ||
| Common stock, $0.01 par value; 150,000,000 shares authorized; 58,276,637 and 58,184,861 shares issued and 20,342,135 and 24,556,706 shares outstanding at December 31, 2025 and 2024, respectively | $600.0K | $600.0K | ||
| Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued | $0 | $0 | ||
| Additional paid-in capital | $427.8M | $424.2M | ||
| Retained earnings | $1.5B | $1.5B | ||
| Accumulated other comprehensive income (loss), net of tax | $7.3M | -$82.5M | -$86.0M | |
| Treasury stock, at cost (37,934,502 shares at December 31, 2025 and 33,628,155 shares at December 31, 2024) | -$933.8M | -$746.5M | ||
| Total stockholders' equity | $955.7M | $1.1B | $1.0B | |
| Total liabilities and stockholders' equity | $3.4B | $3.5B | ||
| Fixed maturity securities, amortized cost | $2.0B | $2.2B | ||
| Debt Securities, Available-for-sale, Allowance for Credit Loss | $400.0K | $1.1M | $2.7M | |
| Equity securities, cost | $96.5M | $145.0M | ||
| Other Investments, at Cost | $79.4M | $90.9M | ||
| Short-term investments, amortized cost | $10.1M | $100.0K | ||
| Beginning balance of the allowance for CECL on premiums receivable | $22.6M | $19.2M | $17.9M | |
| Reinsurance Recoverable, Allowance for Credit Loss | $800.0K | $900.0K | $900.0K | |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 150.0M shares | 150.0M shares | ||
| Common stock, shares issued (in shares) | 58.3M shares | 58.2M shares | ||
| Common stock, shares outstanding (in shares) | 20.3M shares | 24.6M shares | 25.4M shares | |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in shares) | 25.0M shares | 25.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Treasury Stock, Common, Shares | 37.9M shares | 33.6M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Fixed maturity securities at fair value (amortized cost $2,031.8 at December 31, 2025 and $2,203.1 at December 31, 2024, less CECL allowance of $0.4 at December 31, 2025 and $1.1 at December 31, 2024) | $2.0B | $2.1B | ||
| Equity securities at fair value (cost $96.5 at December 31, 2025 and $145.0 at December 31, 2024) | $184.0M | $254.1M | ||
| Equity securities at cost | $7.5M | $5.7M | ||
| Other invested assets (cost $79.4 at December 31, 2025 and $90.9 at December 31, 2024) | $96.5M | $106.6M | ||
| Short-term investments at fair value (amortized cost $10.1 at December 31, 2025 and $0.1 at December 31, 2024) | $10.1M | $100.0K | ||
| Total investments | $2.3B | $2.5B | ||
| Cash and cash equivalents | $159.8M | $68.3M | ||
| Restricted cash and cash equivalents | $200.0K | $200.0K | ||
| Accrued investment income | $15.5M | $15.7M | ||
| Premiums receivable (less CECL allowance of $22.6 at December 31, 2025 and $19.2 at December 31, 2024) | $335.4M | $361.3M | ||
| Paid losses | $5.9M | $6.3M | ||
| Unpaid losses (less CECL allowance of $0.8 at December 31, 2025 and $0.9 at December 31, 2024) | $385.7M | $411.5M | ||
| Deferred policy acquisition costs | $57.1M | $59.6M | ||
| Federal income taxes receivable | $16.1M | $4.8M | ||
| Deferred Income Tax Assets, Net | $14.3M | $38.3M | ||
| Property and equipment, net | $6.5M | $7.8M | ||
| Operating lease right-of-use assets | $3.7M | $3.7M | ||
| Intangible assets, net | $13.6M | $13.6M | ||
| Goodwill | $36.2M | $36.2M | ||
| Cloud computing arrangements | $12.9M | $17.3M | ||
| Other assets | $34.9M | $32.8M | ||
| Total assets | $3.4B | $3.5B | ||
| Unpaid losses and loss adjustment expenses | $1.8B | $1.8B | $1.9B | $2.0B |
| Unearned premiums | $391.9M | $402.2M | ||
| Commissions and premium taxes payable | $59.9M | $65.8M | ||
| Accounts payable and accrued expenses | $23.4M | $21.2M | ||
| Deferred reinsurance gainLPT Agreement | $88.0M | $94.0M | $99.2M | |
| Short-Term Debt | $16.0M | $0 | ||
| Contractual Obligation | $7.7M | $13.8M | ||
| Operating lease liability | $3.9M | $4.2M | ||
| Long-term debt | $19.0M | $0 | ||
| Other liabilities | $65.3M | $63.2M | ||
| Total liabilities | $2.5B | $2.5B | ||
| Common stock, $0.01 par value; 150,000,000 shares authorized; 58,276,637 and 58,184,861 shares issued and 20,342,135 and 24,556,706 shares outstanding at December 31, 2025 and 2024, respectively | $600.0K | $600.0K | ||
| Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued | $0 | $0 | ||
| Additional paid-in capital | $427.8M | $424.2M | ||
| Retained earnings | $1.5B | $1.5B | ||
| Accumulated other comprehensive income (loss), net of tax | $7.3M | -$82.5M | -$86.0M | |
| Treasury stock, at cost (37,934,502 shares at December 31, 2025 and 33,628,155 shares at December 31, 2024) | -$933.8M | -$746.5M | ||
| Total stockholders' equity | $955.7M | $1.1B | $1.0B | |
| Total liabilities and stockholders' equity | $3.4B | $3.5B | ||
| Fixed maturity securities, amortized cost | $2.0B | $2.2B | ||
| Debt Securities, Available-for-sale, Allowance for Credit Loss | $400.0K | $1.1M | $2.7M | |
| Equity securities, cost | $96.5M | $145.0M | ||
| Other Investments, at Cost | $79.4M | $90.9M | ||
| Short-term investments, amortized cost | $10.1M | $100.0K | ||
| Beginning balance of the allowance for CECL on premiums receivable | $22.6M | $19.2M | $17.9M | |
| Reinsurance Recoverable, Allowance for Credit Loss | $800.0K | $900.0K | $900.0K | |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 150.0M shares | 150.0M shares | ||
| Common stock, shares issued (in shares) | 58.3M shares | 58.2M shares | ||
| Common stock, shares outstanding (in shares) | 20.3M shares | 24.6M shares | 25.4M shares | |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in shares) | 25.0M shares | 25.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Treasury Stock, Common, Shares | 37.9M shares | 33.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 4 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | $10.8M | $118.6M | $118.1M | |
| Depreciation | $3.6M | $3.6M | $4.8M | |
| Stock-based compensation | $5.0M | $6.3M | $6.2M | |
| Amortization of cloud computing arrangements | $7.6M | $13.1M | $16.7M | |
| Amortization of discounts and premiums on investments, net | -$2.5M | -$1.0M | $2.4M | |
| Allowance for expected credit losses | $3.3M | $1.3M | $5.1M | |
| Deferred income tax (benefit) expense | $100.0K | $4.1M | $5.3M | |
| Net realized and unrealized losses (gains) on investments | $20.4M | -$24.1M | -$22.7M | |
| Asset impairment and related charges | $0 | $0 | $4.2M | |
| Noncash operating lease term adjustment | $0 | $0 | -$1.0M | |
| Premiums receivable | $22.5M | -$3.2M | -$58.6M | |
| Reinsurance recoverable on paid and unpaid losses | $26.3M | $16.0M | $17.5M | |
| Cloud computing arrangements | -$3.2M | -$2.4M | -$3.4M | |
| Operating lease right-of-use-assets | $0 | $1.4M | $6.4M | |
| Current federal income taxes | -$11.3M | -$8.4M | -$6.7M | |
| Unpaid losses and loss adjustment expenses | -$2.4M | -$76.3M | -$76.2M | |
| Unearned premiums | -$10.3M | $22.5M | $40.2M | |
| Accounts payable, accrued expenses and other liabilities | -$6.2M | $3.3M | $3.7M | |
| Deferred reinsurance gainLPT Agreement | -$6.0M | -$5.2M | -$6.9M | |
| Contingent commission receivableLPT Agreement | $0 | $14.2M | -$300.0K | |
| Operating lease liabilities | -$300.0K | -$1.7M | -$6.7M | |
| Non-cancellable obligations | -$6.1M | -$3.2M | -$9.1M | |
| Other | -$6.6M | -$2.5M | $10.4M | |
| Net cash provided by operating activities | $44.7M | $76.4M | $49.4M | |
| Purchases of fixed maturity securities | -$770.0M | -$722.4M | -$416.4M | |
| Purchases of equity securities | -$64.2M | -$61.4M | -$39.8M | |
| Purchases of short-term investments | -$21.1M | -$39.8M | -$68.7M | |
| Purchases of other invested assets | -$4.8M | -$18.3M | -$34.1M | |
| Proceeds from Limited Partnership Investments | $16.3M | $9.9M | $6.0M | |
| Proceeds from sale of fixed maturity securities | $675.1M | $342.8M | $558.0M | |
| Proceeds from sale of equity securities | $165.2M | $45.0M | $53.2M | |
| Proceeds from maturities and redemptions of fixed maturity securities | $213.1M | $214.7M | $162.7M | |
| Proceeds from sales and maturities of short-term investments | $11.3M | $73.1M | $157.0M | |
| Net change in unsettled investment purchases and sales | $7.2M | $1.6M | $1.6M | |
| Capital expenditures and other | -$2.2M | -$4.9M | -$2.2M | |
| Net cash provided by (used in) investing activities | $225.9M | -$159.7M | $377.3M | |
| Acquisition of common stock and excise tax payments | -$182.8M | -$42.6M | -$76.1M | |
| Cash transactions related to stock-based compensation | -$1.4M | -$1.8M | -$1.0M | |
| Dividends paid to stockholders | -$29.9M | -$30.3M | -$29.7M | |
| Proceeds from FHLBank Borrowings, Financing Activities | $35.0M | $0 | $0 | $182.5M |
| Payments of FHLBank Borrowings, Financing Activities | $0 | $0 | -$182.5M | |
| Payments on finance leases | $0 | -$100.0K | -$200.0K | |
| Net cash used in financing activities | -$179.1M | -$74.8M | -$289.5M | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | $91.5M | -$158.1M | $137.2M | |
| Cash paid for federal income taxes | $11.6M | $31.0M | $30.4M | |
| Cash paid for state income taxes | $800.0K | $1.4M | $1.5M | |
| Cash paid for interest | $500.0K | $100.0K | $5.8M | |
| Financed property and equipment purchases | $100.0K | $100.0K | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
Employers Holdings Inc sits at the top of its group. 10 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Employers Holdings Inc
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G/A on Employers Holdings Inc, latest Jul 31, 2026 (2 filings since Apr 29, 2026)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Employers Holdings Inc, latest Apr 29, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Employers Holdings Inc, latest Mar 26, 2026 (4 filings since Feb 10, 2022)
- DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on Employers Holdings Inc, latest Feb 9, 2024 (3 filings since Feb 8, 2022)
- FMR LLC Filed SC 13G/A on Employers Holdings Inc, latest Feb 9, 2023 (2 filings since Feb 9, 2022)
- Employers Holdings Inc Reno, Nevada
- Cerity Group, Inc. Subsidiary · Nevada, United States
- Cerity Insurance Company Subsidiary · New York, United States
- Cerity Services, Inc. Subsidiary · Nevada, United States
- EIG Services, Inc. Subsidiary · Florida, United States
- Employers Assurance Company Subsidiary · Florida, United States
- Employers Compensation Insurance Company Subsidiary · California, United States
- Employers Group, Inc. Subsidiary · Nevada, United States
- Employers Insurance Company of Nevada Subsidiary · Nevada, United States
- Employers Preferred Insurance Company Subsidiary · Florida, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Employers Holdings Inc reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $42.7M6 Dec 31, 2025 | $48.9M6 Dec 31, 2024 | −12.7% |
| Accumulated depreciation | $36.2M6 Dec 31, 2025 | $41.1M6 Dec 31, 2024 | −11.9% |
| Property and equipment, net | $6.5M6 Dec 31, 2025 | $7.8M6 Dec 31, 2024 | −16.7% |
| Operating-lease assets (leased space) | $3.7M6 Dec 31, 2025 | $3.7M6 Dec 31, 2024 | 0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $159.8M6 Dec 31, 2025 | $68.3M6 Dec 31, 2024 | +134.0% |
| Marketable securities, current | $10.1M6 Dec 31, 2025 | $100.0K6 Dec 31, 2024 | +10000.0% |
| Debt securities available for sale | $2.0B6 Dec 31, 2025 | $2.1B6 Dec 31, 2024 | −2.7% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $36.2M6 Dec 31, 2025 | $36.2M6 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $13.6M6 Dec 31, 2025 | $13.6M6 Dec 31, 2024 | 0% |
| Accumulated amortization | $9.4M6 Dec 31, 2025 | $9.4M6 Dec 31, 2024 | 0% |
Properties, in its own words
As of February 1, 2026, we leased a total of 29,120 square feet of office space in three states, including our corporate headquarters located in Reno, Nevada. Since 2021, we have reduced our real estate footprint by closing and vacating certain of our offices previously located in California, Missouri, Nevada, North Carolina, Pennsylvania, Texas, and Wisconsin. We believe that our existing office space is adequate for our current needs. We will continue to evaluate our office needs and may further adjust our real estate footprint in the future.
Item 2 of the 10-K filed Feb 26, 2026.5
Leadership
Who has led Employers Holdings Inc, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerKatherine H. Antonello Jan 20, 2022 to now14
- Chief executive officerDouglas D. Dirks Jan 30, 2007 to Apr 5, 202115
- PresidentKatherine H. Antonello Jan 20, 2022 to now14
- PresidentDouglas D. Dirks Jan 30, 2007 to Apr 5, 202115
- PresidentMartin J. Welch Jan 30, 2007 to Nov 10, 201016
- Chief financial officerMichael Pedraja May 7, 2025 to now17
- Chief financial officerMichael Scott Paquette Jan 4, 2017 to May 7, 202518
- Chief financial officerTerry Eleftheriou Nov 18, 2014 to Mar 16, 201619
- Chief financial officerWilliam E. Yocke Jan 30, 2007 to Apr 1, 201420
- Chief operating officerStephen Festa V. Sep 3, 2013 to Mar 29, 202121
- Chief operating officerMartin J. Welch Jan 30, 2007 to Nov 10, 201016
Board members and other officers (60)
- SVP, Chief ActuaryKirt Michael Dooley Aug 13, 2026 to now22
- EVP, FinanceMichael Pedraja Feb 3, 2025 to now23
- Principal Accounting OfficerMatthew Robert Pollak Aug 8, 2025 to now24
- Senior Vice President, SalesChristopher Craig Champlin Dec 11, 2025 to now25
- Chief Claims OfficerChristina M. Ozuna Feb 21, 2024 to now26
- Chief Information OfficerKelley F. Kage Feb 21, 2024 to now27
- Chief Sales OfficerLindsey M. Rynard Feb 21, 2024 to now28
- EVP, Chief ActuaryChristopher Laws Apr 5, 2021 to Mar 16, 202329
- EVP, Chief Information OfficerJeffrey C. Shaw Apr 5, 2019 to Mar 16, 202330
- SVP, Chief Risk OfficerC. Ronald Kullman Jr. Apr 30, 2019 to Mar 17, 202031
- EVP, Chief ActuaryKatherine H. Antonello Aug 6, 2019 to Mar 16, 202132
- SVP, Chief Claims OfficerBarry J. Vogt Oct 30, 2019 to Mar 17, 202033
- SVP, Chief HR OfficerJohn M. Mutschink Nov 5, 2019 to now34
- VP, Corporate ControllerGeorge Anthony Carbonar Feb 10, 2017 to Mar 17, 202035
- EVP, Chief Information OfficerTracey Lynn Berg Feb 14, 2017 to Mar 16, 202136
- EVP, Chief ActuaryBryan C. Ware Jun 3, 2016 to Jun 3, 201637
- SVP, Chief Sales OfficerRaymond F. Wise Jr. Dec 13, 2016 to Mar 17, 202038
- EVPWilliam E. Yocke Feb 19, 2015 to Jul 2, 201539
- SVP, Chief Underwriting OfficeLawrence S. Rogers Jun 2, 2014 to May 20, 202040
- SVP, Chief Sales OfficerRussel J. Newman Jun 2, 2014 to Mar 12, 201541
- VP, Corporate ControllerGretchen Hofeling May 18, 2011 to Mar 31, 201642
- SVP, Eastern RegionMark R. Hogle May 18, 2011 to Mar 21, 201443
- SVP, Chief Information OfficerRichard P. Hallman Jun 1, 2011 to Aug 3, 201644
- SVP, President Midwest RegionFrank Pinson May 28, 2009 to Mar 31, 201145
- SVP, Pres. Southeast RegionTimothy J. Spear May 29, 2009 to Apr 1, 201146
- Exec VP, Corp and Pub AffairsAnn W. Nelson Jan 30, 2007 to Mar 21, 201747
- VP & Corp Cntrl, EICN & ECICCynthia Morrison Jan 30, 2007 to Mar 31, 201148
- Pres, Strat Mkt Rgn & SVP ECICDavid M. Quezada Jan 30, 2007 to Apr 1, 201449
- President, W Reg & Sr VP EICNGeorge Tway Jan 30, 2007 to Jun 2, 201050
- Sr VP & CUO of ECIN & ECICJeff J. Gans Jan 30, 2007 to Jan 30, 200751
- Sr VP & CAO of EIGJohn P. Nelson Jan 30, 2007 to Mar 19, 201952
- Senior VP & CIO of EICN & ECICPaul I. Ayoub Jan 30, 2007 to Jan 30, 200753
- Sr VP & CCO, EICN and ECICStephen Festa V. Jan 30, 2007 to Jan 30, 200754
- Pres, Pac Region & Sr VP, ECICT. Hale Johnston Jan 30, 2007 to Apr 1, 201455
- Sr. VP & CSO of EIGTeresa Shappell Jan 30, 2007 to Jan 30, 200756
- Board memberKatherine H. Antonello Mar 11, 2026 to now57
- Board memberStephanie C. Bush Jul 10, 2026 to now58
- Board memberMarvin Pestcoe Mar 7, 2025 to now59
- Board memberSteven P. Sorenson Mar 1, 2024 to now60
- Board memberAlejandro Perez-Tenessa Mar 4, 2022 to now61
- Board memberFigueiredo Joao M. De Apr 8, 2019 to now62
- Board memberBarbara A. Higgins Mar 12, 2018 to now63
- Board memberJeanne L. Mockard Mar 12, 2018 to now64
- Board memberMichael J. McColgan Jul 7, 2017 to now65
- Board memberPrasanna Dhore Oct 26, 2015 to May 24, 202466
- Board memberJames R. Kroner Sep 30, 2013 to now67
- Board memberMichael J. McSally Sep 30, 2013 to Nov 29, 202468
- Board memberDouglas D. Dirks Jan 30, 2007 to Apr 5, 202115
- Board memberJohn P. Sande Iii. Jan 30, 2007 to Jun 7, 201369
- Board memberKatherine W. Ong Jan 30, 2007 to May 25, 201870
- Board memberMartin J. Welch Jan 30, 2007 to Nov 10, 201016
- Board memberMichael D. Rumbolz Jan 30, 2007 to May 21, 202071
- Board memberRichard W. Blakey Jan 30, 2007 to May 27, 202272
- Board memberRobert J. Kolesar Jan 30, 2007 to May 26, 201773
- Board memberRonald F. Mosher Jan 30, 2007 to May 25, 201874
- Board memberRose McKinney-James Jan 30, 2007 to Jun 7, 201375
- Board memberValerie R. Glenn Jan 30, 2007 to May 26, 202376
- General counselJeffrey Patton Lisenby Jun 30, 2026 to now77
- General counselLori A. Brown Jan 3, 2019 to now78
- General counselLenard T. Ormsby Jan 30, 2007 to Jan 4, 201979
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Cerity Group, Inc. Nevada4
- Cerity Insurance Company New York4
- Cerity Services, Inc. Nevada4
- EIG Services, Inc. Florida4
- Employers Assurance Company Florida4
- Employers Compensation Insurance Company California4
- Employers Group, Inc. Nevada4
- Employers Insurance Company of Nevada Nevada4
- Employers Preferred Insurance Company Florida4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- Employers Holdings, Inc.Oct 25, 2006 to Aug 27, 20263
Timeline
- Jul 31, 20268-K Executive or director change80
- Jul 29, 20268-K Results of operations; Other events81
- Jul 1, 20268-K Executive or director change; Regulation FD disclosure82
- May 29, 20268-K Shareholder vote83
- Apr 29, 20268-K Results of operations; Other events84
- Feb 19, 20268-K Results of operations; Other events85
- Oct 30, 20258-K Results of operations; Other events86
- Aug 4, 20258-K Executive or director change87
- Jul 30, 20258-K Results of operations; Other events88
- Jun 13, 20258-K Executive or director change89
- May 23, 20258-K Shareholder vote90
- May 1, 20258-K Results of operations; Other events91
- Jan 20, 2022New chief executive Katherine H. Antonello becomes CEO14
- Jan 30, 2007New chief executive Douglas D. Dirks becomes CEO15
Filings
353 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 43 major events, 225 insider forms, 17 large holders, 48 other. The latest 20:
- Aug 27, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 19, 20264 EDGAR
- Aug 13, 20263 EDGAR
- Aug 4, 202613F-NT EDGAR
- Aug 3, 20264 EDGAR
- Aug 3, 20264 EDGAR
- Jul 31, 2026SCHEDULE 13G/A EDGAR
- Jul 31, 20268-K/A EDGAR
- Jul 30, 202610-Q EDGAR
- Jul 29, 20268-K EDGAR
- Jul 10, 20263 EDGAR
- Jul 1, 20268-K EDGAR
- Jun 30, 20263 EDGAR
- May 29, 20264 EDGAR
- May 29, 20264 EDGAR
- May 29, 20264 EDGAR
- May 29, 20264 EDGAR
The 353 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
17 open-market trades by officers, directors and large owners since October 2021: 7 buys and 10 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 10, 2026 | Ozuna Christina M.Chief Claims Officer | Sale | 4,500 | $39.88 | $179.5K | Form 4 |
| Mar 9, 2026 | Smith Ann MarieChief Actuarial and UW Officer | Sale | 5,000 | $39.29 | $196.4K | Form 4 |
| Feb 24, 2026 | Pedraja MichaelEVP, Chief Financial Officer | Buy | 2,000 | $39.73 | $79.5K | Form 4 |
| Nov 4, 2025 | Pedraja MichaelEVP, Chief Financial Officer | Buy | 5,500 | $37.09 | $204.0K | Form 4 |
| Aug 5, 2025 | Pedraja MichaelEVP, Chief Financial Officer | Buy | 5,000 | $40.04 | $200.2K | Form 4 |
| May 27, 2025 | Mutschink John M.EVP, Chief Admin Officer | Sale | 2,000 | $49.12 | $98.2K | Form 4 |
| May 6, 2025 | Pedraja MichaelEVP, Chief Financial Officer | Buy | 3,050 | $48.59 | $148.2K | Form 4 |
| Mar 3, 2025 | KRONER JAMES RDirector | Sale | 1,000 | $52.00 | $52.0K | Form 4 |
| Feb 28, 2025 | KRONER JAMES RDirector | Sale | 1,000 | $51.50 | $51.5K | Form 4 |
| Feb 28, 2025 | Smith Ann MarieChief Actuarial and UW Officer | Sale | 1,385 | $51.24 | $71.0K | Form 4 |
| Feb 26, 2025 | KRONER JAMES RDirector | Sale | 1,000 | $50.50 | $50.5K | Form 4 |
| Feb 25, 2025 | KRONER JAMES RDirector | Sale | 2,000 | $50.90 | $101.8K | Form 4 |
| Nov 14, 2024 | Ozuna Christina M.Chief Claims Officer | Sale | 1,000 | $53.07 | $53.1K | Form 4 |
| May 31, 2024 | Smith Ann MarieChief Actuarial and UW Officer | Sale | 1,764 | $41.26 | $72.8K | Form 4 |
| Jun 1, 2023 | Antonello Katherine H.President & CEO | Buy | 6,880 | $36.46 | $250.8K | Form 4 |
| Aug 2, 2022 | Antonello Katherine H.President & CEO | Buy | 13,000 | $37.81 | $491.5K | Form 4 |
| Nov 22, 2021 | McSally Michael JDirector | Buy | 3,000 | $39.24 | $117.7K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Apr 29, 2026 to Jul 31, 202692
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202693
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 10, 2022 to Mar 26, 202694
- DIMENSIONAL FUND ADVISORS LPSC 13G/A, 3 filings Feb 8, 2022 to Feb 9, 202495
- FMR LLCSC 13G/A, 2 filings Feb 9, 2022 to Feb 9, 202396
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Katherine H. AntonelloPresident and Chief Executive Officer | $881.0K | $3.3M97 | |
| 2025 | Michael A. PedrajaExecutive Vice President, Chief Financial Officer | $496.2K | $2.9M97 | |
| 2025 | Lori A. BrownFormer Executive Vice President, Chief Legal Officer | $417.5K | $959.5K97 | |
| 2025 | John M. MutschinkExecutive Vice President, Chief Administrative Officer | $388.3K | $829.9K97 | |
| 2025 | Ann Marie SmithSenior Vice President, Chief Actuarial and Underwriting Officer | $367.6K | $749.1K97 | |
| 2025 | Michael S. PaquetteFormer Executive Vice President, Chief Financial Officer | $243.6K | $312.7K97 | |
| 2024 | Katherine H. AntonelloPresident and Chief Executive Officer | $796.6K | $3.7M97 | |
| 2024 | Michael S. PaquetteFormer Executive Vice President, Chief Financial Officer | $540.7K | $1.5M97 | |
| 2024 | Lori A. BrownFormer Executive Vice President, Chief Legal Officer | $397.3K | $1.2M97 | |
| 2024 | John M. MutschinkExecutive Vice President, Chief Administrative Officer | $370.4K | $979.7K97 | |
| 2024 | Ann Marie SmithSenior Vice President, Chief Actuarial and Underwriting Officer | $338.6K | $845.4K97 | |
| 2023 | Katherine H. AntonelloPresident and Chief Executive Officer | $702.3K | $3.7M97 | |
| 2023 | Michael S. PaquetteFormer Executive Vice President, Chief Financial Officer | $527.8K | $1.8M97 | |
| 2023 | Lori A. BrownFormer Executive Vice President, Chief Legal Officer | $386.4K | $1.2M97 | |
| 2023 | John M. MutschinkExecutive Vice President, Chief Administrative Officer | $361.8K | $1.0M97 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jul 10, 2025 | Lisa C. McClainRepublican, House | Sale | $1,001 - $15,000 | +12.4% | Report |
| Jun 17, 2025 | Lisa C. McClainRepublican, House | Buy | $1,001 - $15,000 | −19.2% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Employers Holdings Inc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAREmployers Holdings, Inc.2
- CIK0001379041
- Employer ID (EIN)04-38500655
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inNevada5
- Fiscal year endsDecember 312
- Industry code (SIC)6331 Fire, Marine & Casualty Insurance2
- SEC reviewing officeOffice of Finance, Division of Corporation Finance2
- Business address5340 Kietzke Lane, Suite 202, Reno, NV 895112
- Phone775-327-26672
- Shares outstanding17,960,506 as of Jul 28, 202612
- Public float$814.5M as of Jun 30, 20255
- AuditorErnst & Young LLP, San Francisco, California PCAOB ID 42; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceOct 25, 20062
- Filings1,916 in all: 4 (1,323), 8-K (227), 3 (66), 10-Q (59), SC 13G/A (51), 13F-NT (31), 10-K (20), DEF 14A (20)2
All 37 form types
DEFA14A (19), SC 13G (13), ARS (11), 13F-HR (8), 144 (8), 8-K/A (8), NO ACT (6), UPLOAD (5), 4/A (4), CORRESP (4), S-3ASR (4), S-8 (4), DEFR14A (3), 10-K/A (2), PRE 14A (2), S-1/A (2), S-8 POS (2), SCHEDULE 13G (2), SCHEDULE 13G/A (2), 424B1 (1), 8-A12B (1), AW (1), CERTNYS (1), EFFECT (1), FWP (1), NT 10-K (1), S-1 (1), SC 13D (1), SC 13D/A (1)
- Latest filingsAnnual report (10-K) Feb 26, 2026
Quarterly report (10-Q) Jul 30, 2026
Proxy statement (DEF 14A) Apr 16, 2026
Latest 8-K (8-K) Jul 29, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 par value per share | EIG | New York Stock Exchange |
From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Employers Holdings Inc names in Item 1A of its 10-K filed Feb 26, 2026: 22 risks under these headings, as written.5
- Operational and Strategic Risks
- If we fail to price our insurance policies sufficiently, our business competitiveness, financial condition, and results of operations could be materially adversely affected.
- Intense competition and the fact that we underwrite only a single line of insurance could adversely affect our ability to sell policies at rates that we deem adequate.
- Our concentration in California ties our performance to the business, economic, demographic, natural perils, competitive, legislative and regulatory conditions in that state.
- We rely on traditional insurance agents, specialty agents, brokers, and other distribution partners.
- We rely on statistical data models and analytics that leverage internal and external data.
- If we are unable to obtain reinsurance or collect on ceded reinsurance, our ability to underwrite new policies and to renew existing policies could be adversely affected and our financial condition and results of operations could be materially adversely affected.
- We obtained reinsurance covering the losses incurred prior to July 1, 1995, and we could be liable for some or all of those losses if the coverage provided by the LPT Agreement proves inadequate or we fail to collect from the reinsurers to that agreement.
- Financial Risks
- We focus on small and mid-sized businesses, and those businesses may be severely and disproportionately impacted by a downturn in economic conditions or changes in applicable regulations or regulatory enforcement, taxes, or labor conditions.
- A downgrade in our financial strength rating could reduce the amount of business that we are able to underwrite or result in the termination of certain of our agreements with our strategic partners.
- Our liability for losses and LAE is based on estimates and may be inadequate to cover our actual losses and expenses.
The other 12 risks
- We are a holding company with no direct operations. We depend on the ability of our subsidiaries to transfer funds to us to meet our obligations and capital management objectives, and our insurance subsidiaries' ability to pay dividends to us is restricted by law.
- Acts of terrorism and natural, or man-made catastrophes or other disruptive events could materially adversely impact our financial condition and results of operations.
- Regulatory and Legal Risks
- The insurance business is subject to extensive regulation and legislative changes, which impact the manner in which we operate our business.
- Administrative proceedings, legal actions, or judicial decisions involving our insurance subsidiaries could have a material adverse effect on our business, financial condition and results of operations.
- Assessments and other surcharges for guaranty funds, second injury funds, and other mandatory pooling arrangements may reduce our profitability.
- State insurance laws, certain provisions of our charter documents, and Nevada corporation law could prevent or delay a change in control that could be beneficial to us and our stockholders.
- General Risk Factors
- We may be unable to realize our investment objectives, and economic conditions in the financial markets could lead to investment losses.
- We may require additional capital in the future, which may not be available to us or may be available only on unfavorable terms.
- Our business is largely dependent on the efforts of our executives and other key employees because of their industry and technical expertise, knowledge of our markets, and relationships with the insurance agents, brokers, and other distribution partners that sell our products.
- We rely on our information technology and telecommunication systems, including those of third parties that we outsource certain business functions to, and the disruption or failure of these systems, cyber-attacks on these systems, or security breaches or incidents could materially and adversely affect our business.
- A failure to effectively maintain, enhance and modernize our information technology systems, effectively develop and deploy innovative technologies, and execute new business initiatives, including those involving artificial intelligence, could adversely affect our business.
- We are subject to laws and regulations governing privacy and information security that could adversely affect our business or subject us to liability.
Legal proceedings
From time to time, we are involved in pending and threatened litigation in the normal course of business in which claims for monetary damages are asserted and/or insurance or reinsurance coverage is disputed.
Expected or actual reductions in our reinsurance recoveries due to reinsurance coverage disputes (as opposed to a reinsurer's inability to pay) are not recorded as an uncollectible reinsurance recoverable. Rather, they are factored into the determination of, and are reflected in, our net loss and LAE reserves.
In the opinion of management, the ultimate liability, if any, arising from such pending or threatened litigation, individually or in aggregate, is not expected to have a material effect on our result of operations, liquidity, or financial position.
The opening of Item 3, Legal Proceedings.5
Links
- Websitewww.employers.com1
- WikidataQ124724566
- SEC EDGARCIK 1379041
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARMartin J. Welch, President
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- 23SEC EDGARMichael Pedraja, EVP, Finance
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- 29SEC EDGARChristopher Laws, EVP, Chief Actuary
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- 37SEC EDGARBryan C. Ware, EVP, Chief Actuary
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- 39SEC EDGARWilliam E. Yocke, EVP
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- 43SEC EDGARMark R. Hogle, SVP, Eastern Region
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- 52SEC EDGARJohn P. Nelson, Sr VP & CAO of EIG
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- 56SEC EDGARTeresa Shappell, Sr. VP & CSO of EIG
- 57SEC EDGARKatherine H. Antonello, Board member
- 58SEC EDGARStephanie C. Bush, Board member
- 59SEC EDGARMarvin Pestcoe, Board member
- 60SEC EDGARSteven P. Sorenson, Board member
- 61
- 62SEC EDGARFigueiredo Joao M. De, Board member
- 63SEC EDGARBarbara A. Higgins, Board member
- 64SEC EDGARJeanne L. Mockard, Board member
- 65SEC EDGARMichael J. McColgan, Board member
- 66SEC EDGARPrasanna Dhore, Board member
- 67SEC EDGARJames R. Kroner, Board member
- 68SEC EDGARMichael J. McSally, Board member
- 69SEC EDGARJohn P. Sande Iii., Board member
- 70SEC EDGARKatherine W. Ong, Board member
- 71SEC EDGARMichael D. Rumbolz, Board member
- 72SEC EDGARRichard W. Blakey, Board member
- 73SEC EDGARRobert J. Kolesar, Board member
- 74SEC EDGARRonald F. Mosher, Board member
- 75SEC EDGARRose McKinney-James, Board member
- 76SEC EDGARValerie R. Glenn, Board member
- 77
- 78SEC EDGARLori A. Brown, General counsel
- 79SEC EDGARLenard T. Ormsby, General counsel
- 80SEC EDGARExecutive or director change
- 81SEC EDGARResults of operations; Other events
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- 83SEC EDGARShareholder vote
- 84SEC EDGARResults of operations; Other events
- 85SEC EDGARResults of operations; Other events
- 86SEC EDGARResults of operations; Other events
- 87SEC EDGARExecutive or director change
- 88SEC EDGARResults of operations; Other events
- 89SEC EDGARExecutive or director change
- 90SEC EDGARShareholder vote
- 91SEC EDGARResults of operations; Other events
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