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Employers Holdings Inc (EIG)
NYSE:EIG
Holding EIG?
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.08Last Year’s EPS
$1.4Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 6.59%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with significant increases in net income and book value per share, successful expense management, and effective capital returns to stockholders. However, challenges include a decrease in gross premiums written and increased loss adjustment expenses. Despite these issues, the highlights outweigh the lowlights, signaling a positive outlook.Company Guidance
During Employers Holdings, Inc.'s Q3 2024 earnings call, the company presented several key metrics demonstrating strong financial performance. Net income per share surged by 124%, while adjusted net income per share rose by 19% year-over-year, driven by higher earned premiums, robust net investment income, and continued investment gains. The current accident year loss and loss adjustment expense (LAE) ratio for voluntary business stood at 64%, slightly above the previous year's 63.3%. The underwriting and general administrative expense ratio improved to 23.2% from 23.6% a year ago. Gross premiums written were reported at $181 million, although this represented an 8% decrease. Net premiums earned increased slightly to $187 million. The company also highlighted a 7% year-to-date increase in premium, excluding adjustments from premium audits. The call noted $15.1 million returned to stockholders via share repurchases and dividends, with a fourth-quarter dividend of $0.30 per share declared.Significant Increase in Net Income
Net income per share increased by 124% year-over-year, with adjusted net income per share increasing by 19%.
Record Book Value Per Share
Book value per share metrics reached all-time highs due to strong operating results and a decrease in interest rates.
Effective Expense Management
Underwriting and general and administrative expense ratio decreased to 23.2% from 23.6% a year ago, marking the second-lowest ratio since 2018.
Strong Net Investment Income
Net investment income increased by 7% year-over-year, primarily due to higher yields on fixed maturity securities.
Successful Share Repurchase and Dividends
Returned $15.1 million to stockholders through share repurchases and dividends, with ongoing share repurchase authority of $39 million.
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EIG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EIG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $47.67 | $48.45 | +1.64% |
| Jul 31, 2024 | $47.42 | $45.73 | -3.56% |
| Apr 25, 2024 | $42.68 | $43.17 | +1.15% |
| Feb 15, 2024 | $42.24 | $43.89 | +3.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Employers Holdings Inc (EIG) report earnings?
Employers Holdings Inc (EIG) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Employers Holdings Inc (EIG) earnings time?
Employers Holdings Inc (EIG) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EIG EPS forecast?
EIG EPS forecast for the fiscal quarter 2024 (Q4) is $1.08.
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