Every material Form 8-K Employers Holdings filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Employers Holdings reported third-quarter 2024 results, with diluted earnings per share of $1.21 versus $0.54 a year earlier and adjusted diluted EPS of $0.81 versus $0.68. Gross premiums written fell 8% to $181.2 million, while net premiums earned rose 1% to $186.6 million. The board also declared a regular quarterly dividend of $0.30 per share, payable November 27, 2024.
Diluted EPS $1.21 vs. $0.54; adjusted diluted EPS $0.81 vs. $0.68 in Q3 2023
Gross premiums written $181.2 million, down 8%; net premiums earned $186.6 million, up 1%
GAAP combined ratio 100.4% vs. 100.3%; combined ratio excluding LPT 101.2% vs. 101.3%
Quarterly dividend of $0.30 per share payable November 27, 2024 to holders of record as of November 13, 2024
Employers Holdings said Michael A. Pedraja will join as Executive Vice President and Chief Financial Officer (Designate) on or about February 3, 2025, and take over as CFO on or about March 31, 2025, succeeding Michael S. Paquette, who will retire in March 2025. The filing describes Mr. Pedraja's offer, including a $535,000 base salary and a $525,000 sign-on bonus, which shareholders can review in the disclosed offer letter.
Michael A. Pedraja, age 56, becomes CFO (Designate) on or about February 3, 2025 and CFO on or about March 31, 2025
Mr. Pedraja's offer includes a $535,000 base salary, a 70% annual bonus target for 2025, and a $600,000 long-term incentive target
Sign-on bonus of $525,000, plus a PSU award with a $1,200,000 target grant value to offset equity forfeited at his former employer
Mr. Pedraja was Group CFO of Ariel Re Services from May 2021 and previously Treasurer of The Allstate Corporation
Employers Holdings reported second quarter 2024 results, with net income per diluted share of $1.25 versus $1.30 a year earlier and adjusted net income per diluted share of $1.10 versus $1.17. Net premiums earned rose 6% to $187.8 million, but the GAAP combined ratio worsened to 94.2% from 90.4%, so headline profit fell while revenue grew. The board also declared a regular quarterly dividend of $0.30 per share.
Net income per diluted share $1.25 vs $1.30; adjusted net income per diluted share $1.10 vs $1.17
Net premiums earned $187.8 million, up 6%; GAAP combined ratio 94.2% vs 90.4%
Quarterly dividend of $0.30 per share, payable August 28, 2024, to holders of record as of August 14, 2024
Repurchased 461,789 shares in Q2 2024 at an average $41.53; $44.4 million remaining authorization
Employers Holdings said its Chief Financial Officer, Michael S. Paquette, informed the company on June 7, 2024 that he intends to retire on March 31, 2025. He will remain CFO until a successor is appointed and is expected to then serve as a senior advisor during a transition period.
Michael S. Paquette, EVP and CFO, intends to retire on March 31, 2025
Company will begin a nationwide search for a successor
Paquette stays as CFO until the successor takes office, then is expected to serve as senior advisor
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Employers Holdings filing is on SEC EDGAR ↗. 8-K briefs of other companies →