Employers Holdings Q1 net income falls 20% to $10.2 million; dividend raised to $0.34
Employers Holdings reported first-quarter 2026 net income of $10.2 million ($0.52 per diluted share), down 20% from $12.8 million a year earlier, while adjusted net income fell to $10.3 million ($0.53 per diluted share) from $21.3 million ($0.87). Gross premiums written fell 14.8% to $180.8 million, and the GAAP combined ratio rose to 107.1% from 102.0%. The Board also raised the quarterly dividend 6.25% to $0.34 per share and authorized a new repurchase program of up to $125.0 million through December 31, 2027.
Key points
- Net income $10.2 million ($0.52 diluted EPS) vs. $12.8 million ($0.52) in Q1 2025; adjusted net income $10.3 million ($0.53) vs. $21.3 million ($0.87)
- Gross premiums written $180.8 million, down 14.8%; net premiums earned $180.9 million, down 1.1%
- Loss and LAE ratio rose to 71.4% from 66.0%; GAAP combined ratio 107.1% vs. 102.0%
- Dividend of $0.34 per share payable May 27, 2026 to holders of record May 13, 2026; new $125.0 million buyback runs from May 4, 2026 through December 31, 2027
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 April 29, 2026.
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