EIG Financial Services

Employers Holdings, Inc.

$47.35+2.56%

Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026

Basics

Sector: Financial Services
Industry: Insurance - Specialty
Country: United States
Market cap: 850.4M USD
Full-time employees: 623

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #781 of 791 banks & insurance companies (bottom 2%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 68% of peers on book value, but only 6% on earnings.
Relative to its book value, Employers looks cheaper than 68% of peers; relative to its earnings, cheaper than only 6%. The valuation score blends the two, so look at which measure fits this business best.
Share count shrinking. Shares outstanding down 34% from December 2022 to July 2026.
Employers had 34% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Revenue is falling. Revenue fell 5.8% in the 12 months to June 2026 vs the 12 months before.
Employers's revenue fell 5.8% in the 12 months to June 2026 vs the 12 months before.

StockQuotient Score

6/ 100▲ 1 since Oct 27 close

Oct 5 7 → Nov 4 6 (-1)

Valuation

Is the price right?

12/100

Weak▲ 3 since Oct 27 close

2/2 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 9 → 12

Share price -8.8%+3

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Earnings yield

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield101.0%

SEC filings · latest balance sheetReported value40% base weight · Z-score 0.76Sector median: 0.7950 · MAD: 0.2843

Earnings yield0.9%

SEC filings · 12 months to Jun 2026Reported value60% base weight · Z-score -2.77Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yield1.7%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield2.6%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported valueInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

0/100

Weak

1/1 inputs reported · High confidence

Since last quarter: ▼ Weaker

12-month revenue fell 3.0%

Why

Weaker than most peers on:

▼ EPS growth

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growth-90.3%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile100% base weight · Z-score -3.12Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growth-0.4%

SEC filings · 3 years to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth-5.8%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

6/100

Weak

2/2 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROE
▼ ROA

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets0.2%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -1.52Sector median: 0.0117 · MAD: 0.0062

Return on equity0.9%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -2.54Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Employers

Is Employers getting weaker?: Its latest SEC filing (Jul 30, 2026) got weaker in some ways: 12-month revenue fell 3.0%. Its overall score is 6/100, up 1 since Oct 28, 2026.
How is Employers valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 12/100 against 950 banks & insurance peers. Book yield 101.0% vs a peer median of 79.5% (stronger than 68% of peers).Book yield 101.0% vs peers 79.5% (stronger than 68% of peers). Earnings yield 0.9% vs a peer median of 7.9% (weaker than 94% of peers).Earnings yield 0.9% vs peers 7.9% (weaker than 94% of peers).
Is Employers growing?: More slowly than most of its peers. Growth scores 0/100 against 950 banks & insurance peers. Earnings per share growth -90.3% vs a peer median of 16.0% (weaker than 100% of peers).Earnings per share growth -90.3% vs peers 16.0% (weaker than 100% of peers).
How profitable is Employers?: Less profitable than most of its peers. Profitability scores 6/100 against 950 banks & insurance peers. Return on equity 0.9% vs a peer median of 10.7% (weaker than 94% of peers).Return on equity 0.9% vs peers 10.7% (weaker than 94% of peers).
How risky is Employers?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 30, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

12-month revenue fell 3.0%

Worth watching: Employers is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	863.7M USD	837.6M USD	−3.0%
Net income (12 months)	8.2M USD	7.5M USD	−8.5%
Debt	125.0M USD	125.0M USD	0.0%
Cash	153.1M USD	113.3M USD	−26.0%
Shares outstanding	18.2M	18.0M	−1.5%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Banks & Insurance · 209 companies

Valuations in Banks & Insurance are within their usual range since 2016.

55% of months since 2016 were valued lower than now.
27% of companies are in the most expensive fifth of their own price-to-book history.
Over 24 months, company values +25% and earnings +33% (medians): prices and earnings moved broadly together.
Median price-to-book is −57% vs the whole market, against a usual −57%.

2016Shaded: most expensive fifth of its range2026

Shown for Banks & Insurance: too few Insurance - Specialty companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Net margin	17.0%	6.8%	13.9%	13.5%	1.3%	▼ 12 pts
Return on assets (ROA)	3.2%	1.3%	3.3%	3.3%	0.3%	▼ 3.0 pts
Return on equity (ROE)	9.8%	5.1%	11.6%	11.1%	1.1%	▼ 10.0 pts
Debt to equity	—	—	—	0.00×	0.04×	—

EIG price history

Price history is added with the daily price update and will appear after the next one.

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Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #781 of 791 banks & insurance companies (bottom 2%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 68% of peers on book value, but only 6% on earnings.

Relative to its book value, Employers looks cheaper than 68% of peers; relative to its earnings, cheaper than only 6%. The valuation score blends the two, so look at which measure fits this business best.

Share count shrinking. Shares outstanding down 34% from December 2022 to July 2026.

Employers had 34% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Revenue is falling. Revenue fell 5.8% in the 12 months to June 2026 vs the 12 months before.

Employers's revenue fell 5.8% in the 12 months to June 2026 vs the 12 months before.

Questions investors ask about Employers

Is Employers getting weaker?

Its latest SEC filing (Jul 30, 2026) got weaker in some ways: 12-month revenue fell 3.0%. Its overall score is 6/100, up 1 since Oct 28, 2026.

How is Employers valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 12/100 against 950 banks & insurance peers. Book yield 101.0% vs a peer median of 79.5% (stronger than 68% of peers).Book yield 101.0% vs peers 79.5% (stronger than 68% of peers). Earnings yield 0.9% vs a peer median of 7.9% (weaker than 94% of peers).Earnings yield 0.9% vs peers 7.9% (weaker than 94% of peers).

Is Employers growing?

More slowly than most of its peers. Growth scores 0/100 against 950 banks & insurance peers. Earnings per share growth -90.3% vs a peer median of 16.0% (weaker than 100% of peers).Earnings per share growth -90.3% vs peers 16.0% (weaker than 100% of peers).

How profitable is Employers?

Less profitable than most of its peers. Profitability scores 6/100 against 950 banks & insurance peers. Return on equity 0.9% vs a peer median of 10.7% (weaker than 94% of peers).Return on equity 0.9% vs peers 10.7% (weaker than 94% of peers).

How risky is Employers?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous quarter

Latest quarter

Change

Revenue (12 months)

863.7M USD

837.6M USD

−3.0%

Net income (12 months)

8.2M USD

7.5M USD

−8.5%

Debt

125.0M USD

125.0M USD

0.0%

Cash

153.1M USD

113.3M USD

−26.0%

Shares outstanding

18.2M

18.0M

−1.5%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Net margin

17.0%

6.8%

13.9%

13.5%

1.3%

▼ 12 pts

Return on assets (ROA)

3.2%

1.3%

3.3%

0.3%

▼ 3.0 pts

Return on equity (ROE)

9.8%

5.1%

11.6%

11.1%

1.1%

▼ 10.0 pts

Debt to equity

—

0.00×

0.04×

—