Employers Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	761.9	749.5	721.9	675.2	574.4
Total Interest & Dividend Income	116.7	107	106.5	89.8	72.7
Gain (Loss) on Sale of Investments	-20.4	24.1	22.7	-51.8	54.6
Other Revenue	0.5	0.1	-0.2	0.3	1.4
Total Revenue	858.7	880.7	850.9	713.5	703.1
Revenue Growth (YoY)	-2.50%	3.50%	19.26%	1.48%	-1.17%
Policy Benefits	581.8	456.2	405.7	391	315.2
Policy Acquisition & Underwriting Costs	263.3	277.7	280	263.2	236.3
Total Operating Expenses	845.1	733.9	685.7	654.2	551.5
Operating Income	13.6	146.8	165.2	59.3	151.6
Interest Expense	-0.5	-0.1	-5.8	-3.5	-0.5
EBT Excluding Unusual Items	13.1	146.7	159.4	55.8	151.1
Merger & Restructuring Charges	-	-	-0.2	-	-3.1
Asset Writedown	-	-	-4.2	-	-1
Other Unusual Items	-1.1	-	-6.6	-	-
Pretax Income	12	146.7	148.4	55.8	147
Income Tax Expense	1.2	28.1	30.3	7.4	27.7
Net Income	10.8	118.6	118.1	48.4	119.3
Net Income to Common	10.8	118.6	118.1	48.4	119.3
Net Income Growth	-90.89%	0.42%	144.01%	-59.43%	-0.42%
Shares Outstanding (Basic)	23	25	26	28	28
Shares Outstanding (Diluted)	24	25	27	28	29
Shares Change (YoY)	-6.62%	-5.01%	-4.18%	-3.22%	-5.31%
EPS (Basic)	0.46	4.73	4.48	1.76	4.22
EPS (Diluted)	0.46	4.71	4.45	1.75	4.17
EPS Growth	-90.23%	5.84%	154.29%	-58.03%	5.04%
Free Cash Flow	-	71.5	47.2	97.2	7.2
Free Cash Flow Per Share	-	2.84	1.78	3.51	0.25
Dividend Per Share	1.260	1.180	1.100	1.030	1.000
Dividend Growth	6.78%	7.27%	6.80%	3.00%	-
Operating Margin	1.58%	16.67%	19.41%	8.31%	21.56%
Profit Margin	1.26%	13.47%	13.88%	6.78%	16.97%
Free Cash Flow Margin	-	8.12%	5.55%	13.62%	1.02%
EBITDA	17.07	150.4	170	64.6	159
EBITDA Margin	1.99%	17.08%	19.98%	9.05%	22.61%
D&A For EBITDA	3.47	3.6	4.8	5.3	7.4
EBIT	13.6	146.8	165.2	59.3	151.6
EBIT Margin	1.58%	16.67%	19.41%	8.31%	21.56%
Effective Tax Rate	10.00%	19.16%	20.42%	13.26%	18.84%
Revenue as Reported	858.7	880.7	850.9	713.5	703.1

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