EIG

EX-99.1

2 ex991_pressreleasex9302026.htm

EX-99.1

Document

Exhibit 99.1

news release

For Immediate Release

Employers Holdings, Inc. Reports Third Quarter 2026 Results and

Declares Regular Quarterly Dividend of $0.34 per Share

Company to Host Conference Call on Thursday, October 29, 2026, at 11:00 a.m. Eastern Time

RENO, Nev., October 28, 2026 - (GLOBE NEWSWIRE) - Employers Holdings, Inc. (the “Company”) (NYSE:EIG), a holding company with subsidiaries that are specialty providers of workers’ compensation insurance, excess workers’ compensation, and related services, today reported financial results for its third quarter ended September 30, 2026.

Third Quarter 2026 Financial Highlights

(All comparisons versus third quarter 2025)

•Net income (loss) of $11.6 million ($0.64 per diluted share), versus $(8.3) million ($(0.36) per diluted share);

•Adjusted net income (loss) of $12.8 million ($0.71 per diluted share), versus $(25.5) million ($(1.10) per diluted share);

•Gross premiums written of $151.1 million, versus $183.9 million;

•Net premiums earned of $160.2 million, versus $192.1 million;

•Loss and LAE ratio decreased to 71.2% from 97.1%;

•Commission expense ratio increased to 12.9% from 12.0%;

•Underwriting expense ratio increased to 24.3% from 20.6%;

•GAAP combined ratio of 108.4% (109.2% excluding the LPT), versus 129.7% (130.4% excluding the LPT);

•Net investment income increased to $32.3 million from $26.1 million;

•Net realized and unrealized (losses) gains on investments of $(3.2) million, versus $21.2 million;

•Policies in force of 124,043, versus 135,414;

•Book value per share including the Deferred Gain of $49.44, an increase of 2.1%, and Adjusted book value per share of $53.64, up 7.1% (both growth rates include dividends declared); and

•Returned $24.4 million to stockholders through a combination of share repurchases and regular quarterly dividends.

CEO Commentary

Chief Executive Officer Katherine Antonello commented: “Our third quarter results reflect the progress we are making to restore our underwriting profitability to historical levels. We reported net income of $11.6 million, or $0.64 per diluted share, compared with a net loss of $8.3 million, or $(0.36) per diluted share, in the third quarter of 2025. The improvement was driven primarily by the absence of the reserve strengthening we recorded in that quarter, and we have not recognized any prior year loss development on our voluntary business this year. Our loss and LAE ratio improved to 71.2% from 97.1%, and our current accident year loss and LAE ratio on voluntary business, excluding LPT, was 72.0%.

Gross premiums written were $151.1 million, a decrease of 18%, and net premiums earned were $160.2 million, a decrease of 17%. These decreases reflect the pricing and underwriting actions we have taken to prioritize profitability in the prolonged soft market. Our GAAP combined ratio improved to 108.4% from 129.7%. Our underwriting expense ratio rose to 24.3% because of the smaller premium base, while underwriting expenses themselves were slightly lower than last year. Returning to an underwriting profit remains our top priority. Policies in force declined 8% to 124,043, a smaller decline than premium, as we retained the majority of our small business customers while exiting selected classes of business.”

Ms. Antonello continued, “Our investment portfolio continues to be a source of strength. Net investment income increased to $32.3 million, supported by higher yields following our 2025 investment rebalancing and $5.6 million in returns from our private equity investments. With the significant rise in U.S. interest rates, our investment portfolio is well positioned to take advantage of higher reinvestment rates to contribute meaningfully to earnings over time. We also remain committed to returning capital to our stockholders, and this quarter we returned $24.4 million through share repurchases and our regular quarterly dividend. Book value

per share, including the Deferred Gain, grew 2.1% year over year, and adjusted book value per share grew 7.1%, both including dividends declared.

Looking ahead, expanding our workers’ compensation product offering will drive additional profitable growth. Our excess workers’ compensation product, which we launched in June, is off to a strong start, with 31 accounts and $6.5 million in premium to date. Our second new product, large deductible, which we are developing internally, is targeted to launch next year. With these initiatives, I am confident we are building a stronger, more resilient company.”

Summary of Consolidated Third Quarter 2026 Results

(All comparisons versus third quarter 2025, unless otherwise noted)

Gross premiums written were $151.1 million, a decrease of 17.8%, reflecting the deliberate pricing and underwriting actions commenced in 2025 to prioritize profitability over volume. These actions contributed to declines in new and renewal business premiums in the q

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