Employers Holdings Inc

EIG Financial Insurance Specialty

Employers Holdings Inc’s revenue for fiscal 2025 (year ended December 2025) was $858.7 million, down 2.50% from fiscal 2024. In the quarter to June 2026, revenue fell 10.6%, EPS grew 29.0% and free cash flow fell 1,111.1%, each against the same quarter a year earlier. Dividend growth for three consecutive years; insiders bought in the last twelve months.

51.21 0.76 +1.51%
Market cap
$906.1M
P/E
73.2×
Fwd P/E
18.2×
Dividend yield
2.58%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
12.37 13.96 9.76 8.52 7.83 9.78 24.08 8.83 10.83 126.97
Piotroski F-Score
6 6 7 8 3 7 6 8 6 5
P/S ratio
1.67 1.76 1.72 1.60 1.35 1.66 1.66 1.23 1.46 1.18
P/FCF ratio
11.07 10.52 8.12 12.15 35.01 162.58 12.20 22.20 17.95 23.75
P/Operating CF
50.54 36.64 29.30 135.46 (65.95) 58.24 36.71 37.96 97.97 1,442.25
P/B ratio
1.55 1.49 1.36 1.15 0.79 0.97 1.26 1.03 1.20 1.06
Price to Tangible BV
1.64 1.56 1.42 1.20 0.83 1.01 1.33 1.09 1.26 1.11
EV/Sales
1.62 1.69 1.62 1.46 1.18 1.61 1.84 1.04 1.45 1.03
EV/EBITDA
7.65 7.73 6.99 5.63 4.78 6.22 15.59 4.69 7.88 39.67
EV/Operating CF
10.30 9.53 7.20 9.99 25.40 104.56 13.12 17.94 16.75 19.79
EV/FCF
10.74 10.11 7.64 11.09 30.48 156.85 13.47 18.77 17.90 20.81
Quick Ratio
0.36 0.35 0.36 0.38 0.37 0.34 0.35 0.43 0.37 0.39
Current Ratio
0.36 0.35 0.36 0.38 0.37 0.34 0.35 0.43 0.37 0.39
Net Debt/EBITDA
(0.05) (0.20) (0.34) (0.65) (0.82) (0.34) 1.23 (1.20) (0.42) (5.61)
Debt/Assets
1.64% 1.02% 1.00% 0.32% 0.41% 0.37% 5.19% 0.00% 0.00% 1.02%
Debt/Equity
0.07 0.04 0.04 0.01 0.01 0.01 0.20 0.00 0.00 0.04
Asset Turnover
0.21 0.21 0.21 0.21 0.18 0.18 0.19 0.23 0.25 0.25
Operating CF/Net income
1.15 1.41 1.28 0.78 0.28 0.09 2.06 0.42 0.64 4.14
Capex/Depreciation
(0.22) (0.36) (0.69) (0.53) (0.20) (0.12) (0.11) (0.09) (0.31) (0.25)
Interest Coverage
88.94 109.21 114.00 324.00 372.25 303.20 16.94 28.48 1,468.00 27.20
ROE
13.33% 11.32% 14.38% 14.39% 10.07% 9.84% 4.49% 12.06% 11.39% 1.07%
ROA
2.83% 2.66% 3.64% 3.97% 3.02% 3.10% 1.29% 3.25% 3.34% 0.31%
ROIC
10.57% 10.38% 11.09% 11.83% 8.69% 8.20% 3.33% 12.65% 9.17% 0.99%
Return on Tangible Assets
(6.17%) (5.87%) (8.34%) (9.78%) (7.89%) (7.78%) (3.17%) (8.88%) (8.22%) (0.77%)
Average Days of Receivables
418.17 396.65 384.97 360.42 377.78 378.19 387.36 340.25 322.89 309.02
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Intangible Assets out of Total Assets
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Share Based Compensation of Revenue
0.74% 0.85% 1.17% 1.21% 1.36% 1.29% 0.71% 0.73% 0.72% 0.58%
Graham Net Nets
(1.51) (1.38) (1.42) (1.39) (1.88) (1.51) (1.62) (1.45) (1.27) (1.58)
Graham Number
43.53 45.17 54.73 63.26 61.23 63.89 37.18 62.39 67.38 17.68
Earnings Yield
8.08% 7.17% 10.25% 11.74% 12.77% 10.22% 4.15% 11.33% 9.23% 0.79%
Free Cash Flow Yield
9.03% 9.51% 12.32% 8.23% 2.86% 0.62% 8.20% 4.51% 5.57% 4.21%
Revenue per Share
24.04 24.66 24.34 26.02 23.78 24.85 25.94 32.27 35.16 36.72
Operating CF per Share
3.79 4.38 5.48 3.81 1.10 0.38 3.63 1.87 3.05 1.91
Capex per Share
(0.15) (0.25) (0.31) (0.38) (0.18) (0.13) (0.09) (0.08) (0.20) (0.09)
Free Cash Flow per Share
3.63 4.13 5.17 3.44 0.92 0.25 3.53 1.79 2.85 1.82
Cash per Share
2.18 2.29 3.10 4.83 5.37 2.66 3.25 8.59 2.73 6.84
Shareholders Equity per Share
25.92 29.16 30.96 36.29 40.55 42.88 34.33 38.45 42.66 40.87
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
25.92 29.16 30.96 36.29 40.55 42.88 34.33 38.45 42.66 40.87
Free Cash Flow
117.80 134.10 170.00 110.40 27.50 7.20 97.20 47.20 71.50 42.50
Working Capital
(1,752.10) (1,738.20) (1,712.40) (1,627.70) (1,537.50) (1,548.30) (1,540.50) (1,336.50) (1,449.80) (1,410.00)
Capital Expenditures
(5.00) (8.20) (10.20) (12.10) (5.50) (3.60) (2.60) (2.20) (4.90) (2.20)
Net Current Asset Value
(1,968.60) (1,947.20) (1,954.80) (1,857.70) (1,812.90) (1,766.30) (1,925.90) (1,516.70) (1,625.00) (1,593.90)
EV/EBIT
8.89 8.87 7.59 6.30 5.63 7.45 22.08 5.36 8.72 65.04
Capex to Sales
0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.01 0.00
Price to Operating Income
9.27 9.31 8.14 6.92 6.48 7.75 21.25 6.57 8.75 77.07
Other line items
Depreciation/Fixed assets
1.04 1.62 0.81 1.05 1.41 2.05 2.06 3.68 2.01 1.34
Cash ROIC
12.10% 12.64% 14.67% 8.28% 1.98% 0.55% 7.92% 3.80% 6.29% 3.69%
Accounts Receivable Turnover
0.85 0.91 0.93 1.00 0.91 0.96 0.96 1.10 1.12 1.14
Accounts Payable Turnover
0.24 0.25 0.24 0.25 0.23 0.23 0.28 0.30 0.32 0.38
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Days of Payables
1,508.95 1,467.94 1,496.94 1,456.42 1,551.75 1,528.83 1,299.37 1,219.13 1,109.87 959.30
Days of Inventory on Hand
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Receivables
915.20 882.15 857.55 834.80 780.85 732.40 742.85 775.20 786.15 753.05
Average Payables
2,658.00 2,621.80 2,594.70 2,570.50 2,475.55 2,350.70 2,319.45 2,309.60 2,260.95 2,226.35
Average Assets
3,764.60 3,806.75 3,879.65 3,961.65 3,963.35 3,852.90 3,749.95 3,633.55 3,545.85 3,488.95
Average Common Equity
800.70 894.15 982.95 1,092.00 1,189.30 1,212.95 1,078.65 979.05 1,041.30 1,012.20

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Columns are period end dates