Employers Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Premiums & Annuity Revenue	763.6	749.5	721.9	675.2	574.4	615.3
Total Interest & Dividend Income	112	107	106.5	89.8	72.7	76.3
Gain (Loss) on Sale of Investments	28.9	24.1	22.7	-51.8	54.6	19
Other Revenue	0.3	0.1	-0.2	0.3	1.4	0.8
Total Revenue	904.8	880.7	850.9	713.5	703.1	711.4
Revenue Growth (YoY)	1.69%	3.50%	19.26%	1.48%	-1.17%	-14.89%
Policy Benefits	560.6	456.2	405.7	391	315.2	302.4
Policy Acquisition & Underwriting Costs	266.6	277.7	280	263.2	236.3	260.1
Total Operating Expenses	827.2	733.9	685.7	654.2	551.5	562.5
Operating Income	77.6	146.8	165.2	59.3	151.6	148.9
Interest Expense	-0.3	-0.1	-5.8	-3.5	-0.5	-0.4
EBT Excluding Unusual Items	77.3	146.7	159.4	55.8	151.1	148.5
Merger & Restructuring Charges	-	-	-0.2	-	-3.1	-0.8
Asset Writedown	-	-	-4.2	-	-1	-
Other Unusual Items	-1.1	-	-6.6	-	-	-
Pretax Income	76.2	146.7	148.4	55.8	147	147.7
Income Tax Expense	13.7	28.1	30.3	7.4	27.7	27.9
Net Income	62.5	118.6	118.1	48.4	119.3	119.8
Net Income to Common	62.5	118.6	118.1	48.4	119.3	119.8
Net Income Growth	-54.01%	0.42%	144.01%	-59.43%	-0.42%	-23.74%
Shares Outstanding (Basic)	24	25	26	28	28	30
Shares Outstanding (Diluted)	24	25	27	28	29	30
Shares Change (YoY)	-4.61%	-5.01%	-4.18%	-3.22%	-5.31%	-7.17%
EPS (Basic)	2.59	4.73	4.48	1.76	4.22	4.01
EPS (Diluted)	2.58	4.71	4.45	1.75	4.17	3.97
EPS Growth	-51.75%	5.84%	154.29%	-58.03%	5.04%	-17.80%
Free Cash Flow	53.4	71.5	47.2	97.2	7.2	27.5
Free Cash Flow Per Share	2.20	2.84	1.78	3.51	0.25	0.91
Dividend Per Share	1.240	1.180	1.100	1.030	1.000	1.000
Dividend Growth	6.90%	7.27%	6.80%	3.00%	-	13.64%
Operating Margin	8.58%	16.67%	19.41%	8.31%	21.56%	20.93%
Profit Margin	6.91%	13.47%	13.88%	6.78%	16.97%	16.84%
Free Cash Flow Margin	5.90%	8.12%	5.55%	13.62%	1.02%	3.87%
EBITDA	81.1	150.4	170	64.6	159	157.1
EBITDA Margin	8.96%	17.08%	19.98%	9.05%	22.61%	22.08%
D&A For EBITDA	3.5	3.6	4.8	5.3	7.4	8.2
EBIT	77.6	146.8	165.2	59.3	151.6	148.9
EBIT Margin	8.58%	16.67%	19.41%	8.31%	21.56%	20.93%
Effective Tax Rate	17.98%	19.16%	20.42%	13.26%	18.84%	18.89%
Revenue as Reported	904.8	880.7	850.9	713.5	703.1	711.4

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.