Employers Holdings Q1 net income falls 55% to $12.8 million; dividend raised to $0.32
Employers Holdings reported first-quarter 2025 net income of $12.8 million, down 55% from a year earlier, as net realized and unrealized investment losses of $12.8 million weighed on results. Adjusted net income rose 24% to $21.3 million, and the board raised the quarterly dividend 7% to $0.32 per share and authorized a new buyback of up to $125.0 million through December 31, 2026.
Key points
- GAAP net income was $12.8 million, or $0.52 per diluted share, versus $28.3 million, or $1.11, in Q1 2024; adjusted EPS rose to $0.87 from $0.67.
- Net premiums earned were $183.0 million, down 1%; the GAAP combined ratio was 102.0% versus 101.6%.
- Quarterly dividend increased to $0.32 from $0.30, payable May 28, 2025 to holders of record on May 14, 2025.
- New repurchase program authorizes up to $125.0 million of common stock purchases from May 6, 2025 through December 31, 2026, replacing a program whose authorization was exhausted.
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.