EIG · Employers Holdings, Inc. · Financials
One customer — 18.6% of revenue (the year ended December 31, 2025)
“ADP generated 18.6%, 16.6%, and 15.9% of our gross premiums written, excluding adjustments, as of December 31, 2025, 2024, and 2023, respectively.”
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $837.6M | $858.7M | $880.7M | $850.9M | $713.5M | $703.1M | $711.4M | $835.9M | $800.4M | $801.4M | $779.8M | $752.1M | $773.5M | $723.5M | $579.18M | $464.15M | $415.6M | $495.94M | $396.78M | |
| $735.6M | $761.9M | $749.5M | $721.9M | $675.2M | $574.4M | $615.3M | $695.8M | $731.1M | $716.5M | $694.8M | $690.4M | $684.5M | $642.3M | $501.46M | $363.42M | $321.79M | $404.25M | $328.95M | |
| — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $200K | $300K | $300K | $500K | $700K | $900K | $1.2M | $1.6M | $2.2M | $2.8M | — | |
| $13.8M | $14.2M | $16.7M | $21.5M | $21.7M | $7.4M | $8.2M | $9M | $6.3M | $8.2M | $8.5M | $8.3M | $7M | $6.1M | $5.6M | $6.39M | $7.1M | $9.9M | $7.23M | |
| $831M | $846.7M | $734M | $702.5M | $657.7M | $556.1M | $563.7M | $642.1M | $630.9M | $657.4M | $639.1M | $652.7M | $666.9M | $670.4M | $481.64M | $417.64M | $349.28M | $403.64M | $284.73M | |
| $2.8M | $500K | $100K | $5.8M | $3.5M | $500K | $400K | $600K | $1.5M | $1.4M | $1.6M | $2.7M | $3M | $3.2M | $3.5M | $3.64M | $5.69M | $7.41M | — | |
| -$11.5M | -$20.4M | $24.1M | $22.7M | -$51.8M | $54.6M | $19M | $51.1M | -$13.1M | $7.4M | $11.2M | — | — | — | — | — | — | — | — | |
| $6.6M | $12M | $146.7M | $148.4M | $55.8M | $147M | $147.7M | $193.8M | $169.5M | $144M | $140.7M | $99.4M | $106.6M | $53.1M | $97.54M | $46.52M | $66.32M | $92.3M | $112.05M | |
| -$1M | $1.2M | $28.1M | $30.3M | $7.4M | $27.7M | $27.9M | $36.7M | $28.2M | $42.8M | $34M | $5M | $5.9M | -$10.7M | -$9.35M | -$2.11M | $3.52M | $9.28M | $10.27M | |
| $7.6M | $10.8M | $118.6M | $118.1M | $48.4M | $119.3M | $119.8M | $157.1M | $141.3M | $101.2M | $106.7M | $94.4M | $100.7M | $63.8M | $106.89M | $48.62M | $63.47M | $83.02M | $101.79M | |
| — | 1.26% | 13.47% | 13.88% | 6.78% | 16.97% | 16.84% | 18.79% | 17.65% | 12.63% | 13.68% | 12.55% | 13.02% | 8.82% | 18.46% | 10.48% | 15.27% | 16.74% | 25.65% | |
| $48.6M | $100.6M | $122.1M | $171M | -$151.1M | $64.8M | $169.6M | $236.1M | $94.2M | $116.3M | $97.6M | $71.1M | $117.2M | $24.7M | $119.72M | $81.21M | $63.12M | $134.03M | $88.07M | |
| USD/shares | $0.83 | $0.46 | $4.73 | $4.48 | $1.76 | $4.22 | $4.01 | $4.89 | $4.30 | $3.11 | $3.29 | $2.94 | $3.19 | $2.05 | $3.40 | $1.30 | $1.52 | $1.81 | $2.07 |
| USD/shares | $0.82 | $0.46 | $4.71 | $4.45 | $1.75 | $4.17 | $3.97 | $4.83 | $4.24 | $3.06 | $3.24 | $2.90 | $3.14 | $2.00 | $3.37 | $1.30 | $1.51 | $1.80 | $2.07 |
| shares | — | 23.39M | 25.05M | 26.37M | 27.5M | 28.29M | 29.91M | 32.12M | 32.88M | 32.5M | 32.43M | 32.07M | 31.53M | 31.14M | 31.48M | 37.28M | 41.39M | 45.95M | — |
| shares | — | 23.53M | 25.19M | 26.52M | 27.68M | 28.6M | 30.2M | 32.54M | 33.31M | 33.06M | 32.98M | 32.56M | 32.07M | 31.94M | 31.72M | 37.51M | 41.47M | 46.09M | — |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2025: $852.4M in buybacks, $397.93M in dividends.
Debt Profile
Annual debt figures are established from 10-K filings and updated by subsequent 10-Q and 8-K disclosures. Instrument balances are not summed into a company total unless the filing itself reports that total.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 13 similar-size Insurance - Specialty companies (of 16 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Insurance Operations | $858,700,000 | $880,700,000 | $850,900,000 | $713,500,000 | $703,100,000 | — | — | — |
| Cerity Segment | — | — | — | — | — | $3,300,000 | $400,000 | $200,000 |
| Employers Segment | — | — | — | — | — | $708,900,000 | $828,500,000 | $796,800,000 |
| Corporate | — | — | — | — | — | -$800,000 | $7,000,000 | $3,400,000 |