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    Employers (EIG)

    Market Price (9/26/2026): $47.32 | Market Cap: $860.2 MilSector: Financials | Industry: Property & Casualty Insurance

    Employers (EIG)

    Market Price (9/26/2026): $47.32
    Market Cap: $860.2 Mil
    Sector: Financials
    Industry: Property & Casualty Insurance

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -115%

    Attractive yield
    Dividend Yield is 3.2%

    Low stock price volatility
    Vol 12M is 24%

    Weak multi-year price returns
    2Y Excs Rtn is -30%, 3Y Excs Rtn is -49%

    Expensive valuation multiples
    P/EBITPrice/EBIT or Price/(Operating Income) ratio is 91x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 39x, P/EPrice/Earnings or Price/(Net Income) is 113x

    Weak revenue growth
    Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.3%, Rev Chg QQuarterly Revenue Change % is -11%

    Key risks
    EIG key risks include [1] significant underwriting losses driven by the escalating frequency and severity of its California cumulative trauma claims.

    0 Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -115%
    1 Attractive yield
    Dividend Yield is 3.2%
    2 Low stock price volatility
    Vol 12M is 24%
    3 Weak multi-year price returns
    2Y Excs Rtn is -30%, 3Y Excs Rtn is -49%
    4 Expensive valuation multiples
    P/EBITPrice/EBIT or Price/(Operating Income) ratio is 91x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 39x, P/EPrice/Earnings or Price/(Net Income) is 113x
    5 Weak revenue growth
    Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.3%, Rev Chg QQuarterly Revenue Change % is -11%
    6 Key risks
    EIG key risks include [1] significant underwriting losses driven by the escalating frequency and severity of its California cumulative trauma claims.

    EIG in ETFs

    Weight = EIG's share of each fund

    VTI0.00%
    ITOT0.00%
    IWM0.03%
    IJR0.05%
    VB0.01%
    SLYV0.10%
    IJS0.10%
    VIOV0.10%
    +11 more covered ETFs

    Valuation & Metrics

    FYE: 12/31EIG [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$837.6 Mil—
    FY 2026 Sales$805.9 Mil—
    FY 2027 Sales$733.0 Mil—
    FY 2026 Sales Growth-3.8%—
    FY 2027 Sales Growth-9.0%12.8%
    EARNINGS
    LTM Net Income (GAAP) [3]$7.6 Mil—
    FY 2026 Net Income (Non-GAAP)$54.8 Mil—
    FY 2027 Net Income (Non-GAAP)$60.2 Mil—
    FY 2027 Net Income Growth9.9%18.0%
    FY 2026 EPS (Non-GAAP)$2.30—
    FY 2027 EPS (Non-GAAP)$2.50—
    FY 2027 EPS Growth8.7%—
    VALUATION
    FY 2026 P/S1.11.6
    FY 2027 P/S1.2—
    FY 2026 P/E15.77.7
    FY 2027 P/E14.3—

    [1] EIG forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 9/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    EIGS&P 500
    REVENUE GROWTHVERY POOR
    Rev LTM ($ Bil)0.8
    Rev Chg Q-10.6%9.3%
    Rev Chg LTM-5.8%8.3%
    Rev Chg 3Y Avg-0.3%5.8%
    PROFITABILITYVERY POOR
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)0.0
    Net Inc LTM ($ Bil)0.0
    CFO/Rev LTM2.6%21.8%
    Net Inc Mgn0.9%13.1%
    VALUATIONLOW
    P/S1.03.1
    P/CFO39.114.5
    P/FCF43.719.2
    P/E113.222.1

    AI Analysis | Feedback

    MetricValueDateSource
    Ending Policies in-Force1354149302025Link

    Price Chart

    No Events

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 9/1/2026

    Employers (EIG) stock has gained about 10% since 5/31/2026 because of the following key factors:

    1. Employers Holdings (EIG) reported robust financial results for fiscal Q2 2026, which ended June 30, 2026, significantly surpassing analyst expectations. Diluted earnings per share (EPS) grew by 29% year-over-year to $1.59, and adjusted EPS increased by 46% year-over-year to $0.70, beating the consensus estimate of $0.57. The company's revenue also exceeded estimates, reaching $220.2 million against an anticipated $203.2 million.

    2. The company continued its proactive capital allocation strategy through substantial share repurchases and a dividend increase. In fiscal Q2 2026, Employers Holdings returned $34.0 million to shareholders, comprising $27.7 million in share buybacks (651,752 shares repurchased at an average price of $42.43) and $6.3 million in dividends. This capital return program was cited by management as a direct contributor to the accretive growth in per-share results. Additionally, the regular quarterly dividend was increased by 6% year-over-year to $0.34 per share, payable on August 26, 2026.

    Show more
    Updated on 9/1/2026

    Employers (EIG) stock has gained about 10% since 5/31/2026 because of the following key factors:

    1. Employers Holdings (EIG) reported robust financial results for fiscal Q2 2026, which ended June 30, 2026, significantly surpassing analyst expectations. Diluted earnings per share (EPS) grew by 29% year-over-year to $1.59, and adjusted EPS increased by 46% year-over-year to $0.70, beating the consensus estimate of $0.57. The company's revenue also exceeded estimates, reaching $220.2 million against an anticipated $203.2 million.

    2. The company continued its proactive capital allocation strategy through substantial share repurchases and a dividend increase. In fiscal Q2 2026, Employers Holdings returned $34.0 million to shareholders, comprising $27.7 million in share buybacks (651,752 shares repurchased at an average price of $42.43) and $6.3 million in dividends. This capital return program was cited by management as a direct contributor to the accretive growth in per-share results. Additionally, the regular quarterly dividend was increased by 6% year-over-year to $0.34 per share, payable on August 26, 2026.

    3. Strategic underwriting discipline and the successful launch of a new product line improved profitability and opened new growth avenues. Despite a deliberate reduction in gross premiums written by 19.6% to $163.4 million and net premiums earned by 12% to $174.1 million to prioritize profitability over volume, the company improved its loss and loss adjustment expense (LAE) ratio to 70.2% from 70.7% and its commission expense ratio to 12.8% from 13.2%. Furthermore, EIG commenced writing excess workers' compensation insurance in June 2026, which generated $4 million in premium from 20 bound policies through July. The approval of a 6.6% advisory pure premium rate increase in California, effective September 1, is also expected to positively impact future results.

    4. Positive analyst sentiment and significant institutional buying reinforced investor confidence. Following the strong fiscal Q2 2026 results, Truist Securities raised its price target on EIG from $49 to $59, maintaining a "Buy" rating. Analysts' consensus price target for EIG is $59.00, suggesting a forecasted upside of 19.89% from its price as of late August 2026. Moreover, Empowered Funds LLC acquired a new stake of 105,867 shares in Employers Holdings during fiscal Q2 2026, valued at approximately $5.34 million.

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    Stock Movement Drivers

    Fundamental Drivers

    The 9.5% change in EIG stock from 5/31/2026 to 9/25/2026 was primarily driven by a 10.9% change in the company's P/E Multiple.
    (LTM values as of)53120269252026Change
    Stock Price ($)43.2047.309.5%
    Change Contribution By: 
    Total Revenues ($ Mil)864838-3.0%
    Net Income Margin (%)0.9%0.9%-4.4%
    P/E Multiple102.0113.110.9%
    Shares Outstanding (Mil)19186.5%
    Cumulative Contribution9.5%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    5/31/2026 to 9/25/2026
    ReturnCorrelation
    EIG9.5% 
    Market (SPY)2.2%-33.5%
    Sector (XLF)6.7%24.5%

    Fundamental Drivers

    The 17.0% change in EIG stock from 2/28/2026 to 9/25/2026 was primarily driven by a 38.0% change in the company's P/E Multiple.
    (LTM values as of)22820269252026Change
    Stock Price ($)40.4147.3017.0%
    Change Contribution By: 
    Total Revenues ($ Mil)859838-2.5%
    Net Income Margin (%)1.3%0.9%-27.9%
    P/E Multiple82.0113.138.0%
    Shares Outstanding (Mil)221820.5%
    Cumulative Contribution17.0%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    2/28/2026 to 9/25/2026
    ReturnCorrelation
    EIG17.0% 
    Market (SPY)13.0%-15.0%
    Sector (XLF)7.6%31.0%

    Fundamental Drivers

    The 12.8% change in EIG stock from 8/31/2025 to 9/25/2026 was primarily driven by a 1036.3% change in the company's P/E Multiple.
    (LTM values as of)83120259252026Change
    Stock Price ($)41.9347.3012.8%
    Change Contribution By: 
    Total Revenues ($ Mil)890838-5.8%
    Net Income Margin (%)11.4%0.9%-92.0%
    P/E Multiple10.0113.11036.3%
    Shares Outstanding (Mil)241832.1%
    Cumulative Contribution12.8%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2025 to 9/25/2026
    ReturnCorrelation
    EIG12.8% 
    Market (SPY)20.9%-9.3%
    Sector (XLF)3.2%30.7%

    Fundamental Drivers

    The 31.1% change in EIG stock from 8/31/2023 to 9/25/2026 was primarily driven by a 1365.0% change in the company's P/E Multiple.
    (LTM values as of)83120239252026Change
    Stock Price ($)36.0847.3031.1%
    Change Contribution By: 
    Total Revenues ($ Mil)848838-1.2%
    Net Income Margin (%)14.7%0.9%-93.8%
    P/E Multiple7.7113.11365.0%
    Shares Outstanding (Mil)271846.8%
    Cumulative Contribution31.1%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2023 to 9/25/2026
    ReturnCorrelation
    EIG31.1% 
    Market (SPY)77.8%18.2%
    Sector (XLF)67.3%46.9%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    EIG Return32%13%-6%33%-13%13%82%
    Peers Return27%11%16%31%13%-0%144%
    S&P 500 Return27%-19%24%23%16%13%105%

    Monthly Win Rates [3]
    EIG Win Rate50%50%67%67%42%67% 
    Peers Win Rate57%53%62%68%60%42% 
    S&P 500 Win Rate75%42%67%75%67%56% 

    Max Drawdowns [4]
    EIG Max Drawdown-12%-22%-21%-11%-29%-14% 
    Peers Max Drawdown-12%-21%-21%-12%-18%-14% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: HIG, FNF, CB, PGR, TRV.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 9/25/2026 (YTD)

    How Low Can It Go

    EventEIGS&P 500
    2023 SVB Regional Banking Crisis
      % Loss-15.8%-6.7%
      % Gain to Breakeven18.7%7.1%
      Time to Breakeven262 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-17.0%-24.5%
      % Gain to Breakeven20.4%32.4%
      Time to Breakeven21 days427 days
    2020 COVID-19 Crash
      % Loss-37.4%-33.7%
      % Gain to Breakeven59.8%50.9%
      Time to Breakeven337 days140 days
    2015-2016 China Devaluation / Global Growth Scare
      % Loss-17.0%-12.2%
      % Gain to Breakeven20.4%13.9%
      Time to Breakeven23 days62 days
    2014-2016 Oil Price Collapse
      % Loss-10.5%-6.8%
      % Gain to Breakeven11.7%7.3%
      Time to Breakeven35 days15 days
    2013 Taper Tantrum
      % Loss-13.3%-0.2%
      % Gain to Breakeven15.4%0.2%
      Time to Breakeven65 days1 days

    Compare to HIG, FNF, CB, PGR, TRV

    In The Past

    Employers's stock fell -5.5% during the 2025 US Tariff Shock. Such a loss loss requires a 5.8% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventEIGS&P 500
    2020 COVID-19 Crash
      % Loss-37.4%-33.7%
      % Gain to Breakeven59.8%50.9%
      Time to Breakeven337 days140 days
    2011 US Debt Ceiling Crisis & European Contagion
      % Loss-27.2%-17.9%
      % Gain to Breakeven37.3%21.8%
      Time to Breakeven57 days123 days
    2008-2009 Global Financial Crisis
      % Loss-52.3%-53.4%
      % Gain to Breakeven109.7%114.4%
      Time to Breakeven638 days1085 days

    Compare to HIG, FNF, CB, PGR, TRV

    In The Past

    Employers's stock fell -5.5% during the 2025 US Tariff Shock. Such a loss loss requires a 5.8% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About Employers (EIG)

    Employers Holdings, Inc. (EIG) operates within the commercial property and casualty insurance sector, primarily serving the United States market. The company's main offering is workers' compensation insurance, a critical product for businesses to cover employee injuries and illnesses incurred on the job.

    EIG specifically focuses on providing these insurance solutions to small businesses, particularly those operating in low to medium hazard industries. To reach its customer base, the company utilizes a diverse distribution strategy, marketing its products through independent agents and brokers, alternative channels, various trade groups, and also directly to customers.

    AI Analysis | Feedback

    Here are 1-3 brief analogies for Employers Holdings, Inc. (EIG):

    • They're like the Progressive of workers' compensation insurance for small businesses.

    • Imagine State Farm, but focused exclusively on workers' compensation for small businesses.

    • Think of them as the ADP for small business workers' compensation insurance.

    AI Analysis | Feedback

    • Workers' Compensation Insurance: Provides insurance policies to small businesses covering costs associated with work-related injuries and illnesses for their employees.

    AI Analysis | Feedback

    Employers Holdings, Inc. (EIG) sells primarily to other companies, specifically small businesses.

    Based on the company description, its major customers are:

    • Small businesses in low to medium hazard industries that require workers' compensation insurance.

    The company does not publicly disclose the names of its individual small business customers, as its customer base consists of a large number of diverse small enterprises rather than a few major named corporations.

    AI Analysis | Feedback

    • Guidewire Software, Inc. (GWRE)

    AI Analysis | Feedback

    Katherine H. Antonello President and Chief Executive Officer

    Katherine H. Antonello has served as the President and Chief Executive Officer of Employers Holdings, Inc. since April 2021. She possesses extensive actuarial expertise and a deep understanding of the insurance industry, holding designations as a Fellow of the Casualty Actuarial Society (FCAS), a Fellow of the Society of Actuaries (FSA), and a Member of the American Academy of Actuaries (MAAA).

    Michael A. Pedraja Executive Vice President, Chief Financial Officer

    Michael A. Pedraja is the Executive Vice President and Chief Financial Officer of Employers Holdings, Inc., officially assuming the role on or around March 31, 2025. He brings over 30 years of experience in corporate finance within the insurance sector. His career includes significant positions such as Group CFO for Ariel Re Services, and senior roles at The Allstate Corporation, Aon Securities, Barclays, and Credit Suisse. Mr. Pedraja holds a bachelor's degree in accounting from DePaul University.

    John M. Mutschink Executive Vice President, Chief Administrative Officer

    John M. Mutschink serves as the Executive Vice President, Chief Administrative Officer for Employers Holdings, Inc.

    Lori A. Brown Executive Vice President, Chief Legal Officer and General Counsel

    Lori A. Brown holds the position of Executive Vice President, Chief Legal Officer and General Counsel at Employers Holdings, Inc.

    Ann Marie Smith Senior Vice President, Chief Actuarial and Underwriting Officer

    Ann Marie Smith is the Senior Vice President, Chief Actuarial and Underwriting Officer for Employers Holdings, Inc.

    AI Analysis | Feedback

    The key risks to Employers Holdings, Inc. (EIG) are as follows:

    1. Concentration Risk and Surge in California Cumulative Trauma Claims

    Employers Holdings, Inc. faces significant risk due to its concentrated business in California, which accounts for approximately 45% of its premiums. The company has experienced an unexpected and substantial surge in cumulative trauma (CT) claims in California, leading to a deterioration in underwriting profitability and requiring significant strengthening of prior-year reserves. This issue has directly impacted the company's financial performance, contributing to underwriting losses and a sharp increase in the GAAP combined ratio.

    2. Underwriting Profitability and Pricing in a Competitive Market

    The company operates in a highly competitive workers' compensation insurance market characterized by stagnant pricing and rising claims costs. This environment puts continuous pressure on EIG's underwriting discipline, leading to challenges in maintaining profitability. Inaccurate estimates of expected losses and loss adjustment expenses (LAE) can result in mispriced policies, further contributing to underwriting losses. EIG's combined ratio has worsened, indicating a decline in core underwriting profitability.

    3. Regulatory Restrictions on Subsidiary Dividend Payments

    As a holding company, Employers Holdings, Inc. relies on dividends from its insurance subsidiaries to fund its operations and capital management strategies. However, state regulations impose significant restrictions on the amount these subsidiaries can pay out in dividends. This limitation can reduce the holding company's financial flexibility, particularly if the subsidiaries face financial strains or require capital for their own operations, potentially impacting EIG's ability to return capital to shareholders or manage its overall liquidity.

    AI Analysis | Feedback

    The rise of Insurtech companies specializing in small business workers' compensation insurance poses a clear emerging threat. These companies leverage advanced data analytics, artificial intelligence, and streamlined digital platforms to offer more tailored policies, faster quotes, potentially lower premiums, and a more user-friendly experience, directly challenging traditional insurers' market share and operational efficiency in EIG's core segment.

    AI Analysis | Feedback

    Employers Holdings, Inc. (EIG) operates in the workers' compensation insurance industry primarily in the United States, focusing on small businesses in low to medium hazard industries. The addressable market for their main product, workers' compensation insurance, in the U.S. is estimated to be approximately $51.2 billion in 2025.

    AI Analysis | Feedback

    Here are 3-5 expected drivers of future revenue growth for Employers Holdings, Inc. (EIG) over the next 2-3 years:

    1. Growth in New and Renewal Premiums: The company has demonstrated steady growth in written premiums, driven by increases in both new business and renewal policies. In 2023, gross written premium growth was a result of a 20% increase in new business and a 9% increase in renewal business. This trend of increasing policy count and premium volume is expected to continue, supported by ongoing appetite expansion initiatives.
    2. Launch and Expansion of Excess Workers' Compensation Product: EIG has strategically expanded its product portfolio with the launch of a new Excess Workers' Compensation insurance product. This product targets large self-insured employers, groups, and public entities, marking a new market opportunity that management believes could be a meaningful top-line revenue growth driver, with submissions expected to commence in early 2026.
    3. Growth in Cerity® Digital-First Policy Volume: The company's digital-first platform, Cerity®, is positioned as a direct-to-consumer workers' compensation solution. This platform is expected to continue capturing new business and contributing to overall growth.
    4. Net Investment Income: Investment performance has been a significant contributor to EIG's revenue. Net investment income increased by 19% in 2023 and continued to rise in 2025, increasing by 17.6% in Q4 2025 due to private equity investment return distributions and a higher book yield on its fixed-income portfolio. Continued effective investment strategies are anticipated to boost revenue.
    5. Underwriting and Pricing Actions: While primarily aimed at profitability, recent underwriting and pricing adjustments, particularly in response to increased California cumulative trauma claims, are expected to stabilize loss ratios and improve overall underwriting income. This focus on disciplined risk management and improved profitability for its core insurance business provides a sustainable foundation for future revenue growth.

    AI Analysis | Feedback

    Share Repurchases

    • Employers Holdings, Inc. returned $215.4 million to stockholders through share repurchases and regular quarterly dividends in 2025.
    • In January 2026, the company completed a $125 million recapitalization plan, which included the repurchase of 2,981,141 shares at an average price of $42.00 per share.
    • As of February 18, 2026, the company had a remaining share repurchase authorization of $53.1 million. Additionally, an increase of $125.0 million to the existing 2025 share repurchase program was approved in October 2025, expanding the aggregate share repurchase authority to $250.0 million.

    Share Issuance

    • No significant share issuances by Employers Holdings, Inc. have been reported in the last 3-5 years.

    Outbound Investments

    • Employers Holdings, Inc. launched a new Excess Workers' Compensation insurance product in February 2026, expanding its portfolio to serve large self-insured employers and public entities.

    Capital Expenditures

    • Capital expenditures for Employers Holdings, Inc. were notably low at approximately $3.7 million (TTM as of Q3 2025), which is characteristic of a non-capital-intensive insurance company.
    • The company's strategic focus includes investments in technology, such as the aggressive adoption of AI tools to accelerate product development, and maintaining automation and digital distribution investments.

    Peer Outperformance in Property & Casualty Insurance

    EIG has trailed 63% of its 41 Property & Casualty Insurance peers over 5Y. Property & Casualty Insurance ranks 6th of 18 industries in Financials by median 5Y return.
    Share of Property & Casualty Insurance constituents that EIG has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    65%
    of 46 industry peers · 16.9% return
    3Y
    30%
    of 43 industry peers · 27.4% return
    5Y
    37%
    of 41 industry peers · 44.6% return
    No Property & Casualty Insurance peer with a comparable growth profile has beaten EIG by more than 20pp over 5Y.
    Median price return by industry across the Financials sector, ranked by 5Y. Property & Casualty Insurance is EIG's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Reinsurance 7 24.2%65.6%112.8% SPNT 171% · RGA 150% · RNR 141%
    Diversified Banks 13 34.3%131.3%109.8% CM 150% · RY 139% · JPM 138%
    Investment Banking & Brokerage 13 -3.4%108.7%108.9% IBKR 484% · SNEX 245% · GS 170%
    Life & Health Insurance 20 5.6%51.8%95.5% JXN 505% · UNM 340% · FG 194%
    Multi-Sector Holdings 4 3.7%50.1%79.0% JONE 362% · BRK-B 82% · VOYA 76%
    Property & Casualty Insurance ← 42 7.6%66.4%62.8% ASIC 2714900% · HRTG 387% · UVE 299%
    Regional Banks 265 24.8%93.8%61.7% ESQ 370% · BLX 345% · GCBC 301%
    Multi-line Insurance 9 5.6%67.1%56.5% GNW 156% · L 101% · SLF 95%
    Financial Exchanges & Data 15 -1.0%19.4%30.3% VIRT 165% · CBOE 119% · CME 65%
    Diversified Financial Services 4 -4.1%23.8%26.7% FRHC 167% · EQH 108% · TMS -54%
    Consumer Finance 30 -0.4%85.6%17.1% ENVA 419% · EZPW 307% · FCFS 163%
    Insurance Brokers 16 -20.2%-9.8%12.1% LIFE 235% · ARX 88% · CRD-A 58%
    Commercial & Residential Mortgage Finance 13 -51.2%21.3%8.4% FNMA 419% · FMCC 384% · ACT 169%
    Asset Management & Custody Banks 86 -8.8%16.7%7.5% WT 337% · VCTR 280% · SII 275%
    Specialized Finance 3 19.1%44.3%-6.2% EFC 24% · CACC -6% · HASI -19%
    Mortgage REITs 33 -14.1%8.4%-26.0% NREF 52% · RITM 36% · DX 25%
    Transaction & Payment Processing Services 17 1.1%-6.7%-45.1% V 65% · MA 63% · CPAY 49%
    Diversified Capital Markets 24 -29.2%6.8%-56.9% OPY 198% · CD 114% · LPLA 107%
    Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

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    ONTOnterris0.5-22.7%-43.6%

    Top Gainers

    TickerCompanyMkt Cap (B)1M RtnYTD Rtn
    SECZSecuritize2.4134.7%29.8%
    GRALGRAIL5.559.4%48.3%
    BALYBallys0.854.0%-15.3%
    MXLMaxLinear8.449.0%438.4%
    SDGRSchrodinger2.248.2%61.4%
    FEIMFrequency Electronics0.945.9%64.2%
    OKTAOkta34.445.2%125.7%
    VICRVicor13.043.0%157.3%
    ACVAACV Auctions1.842.9%30.4%
    FWDIForward Industries0.742.0%27.4%

    Top Losers

    TickerCompanyMkt Cap (B)1M RtnYTD Rtn
    ADBTAdvasa0.1-97.9%-98.2%
    ALMSAlumis0.9-69.9%-27.3%
    XNDUXanadu Quantum Technologies1.5-51.5%-56.7%
    RAREUltragenyx Pharmaceutical1.5-45.2%-37.0%
    SWMRSwarmer0.3-44.0%-33.1%
    IMUXImmunic0.4-43.3%75.1%
    XENEXenon Pharmaceuticals3.7-42.1%-17.6%
    BYNDBeyond Meat4.2-41.4%-66.1%
    ALHCAlignment Healthcare1.7-40.9%-58.4%
    PRLDPrelude Therapeutics0.4-40.9%33.6%

    More From Trefis

    Research & Analysis

    Invest in Strategies

    Wealth Management

    Peer Comparisons

    Peers to compare with:

    Financials

    EIGHIGFNFCBPGRTRVMedian
    NameEmployersHartford.Fidelity.Chubb Progress.Traveler. 
    Mkt Price47.30124.2341.42333.37205.50363.04164.87
    Mkt Cap0.934.011.1129.2119.876.455.2
    Rev LTM83828,62614,98562,27791,01948,97938,802
    Op Inc LTM-------
    FCF LTM205,7585,42815,37615,95111,0268,392
    FCF 3Y Avg525,6596,10314,84715,1829,6487,876
    CFO LTM225,8805,56315,37616,33911,0268,453
    CFO 3Y Avg555,8216,24314,84715,4999,6487,945

    Growth & Margins

    EIGHIGFNFCBPGRTRVMedian
    NameEmployersHartford.Fidelity.Chubb Progress.Traveler. 
    Rev Chg LTM-5.8%6.1%12.7%8.5%10.5%2.4%7.3%
    Rev Chg 3Y Avg-0.3%7.2%10.0%10.4%17.8%8.2%9.1%
    Rev Chg Q-10.6%6.6%11.0%7.2%7.3%0.3%6.9%
    QoQ Delta Rev Chg LTM-3.0%1.6%2.7%1.8%1.8%0.1%1.7%
    Op Inc Chg LTM-------
    Op Inc Chg 3Y Avg-------
    Op Mgn LTM-------
    Op Mgn 3Y Avg-------
    QoQ Delta Op Mgn LTM-------
    CFO/Rev LTM2.6%20.5%37.1%24.7%18.0%22.5%21.5%
    CFO/Rev 3Y Avg6.3%21.6%46.5%25.8%19.3%20.5%21.1%
    FCF/Rev LTM2.4%20.1%36.2%24.7%17.5%22.5%21.3%
    FCF/Rev 3Y Avg5.9%21.0%45.5%25.8%19.0%20.5%20.7%

    Valuation

    EIGHIGFNFCBPGRTRVMedian
    NameEmployersHartford.Fidelity.Chubb Progress.Traveler. 
    Mkt Cap0.934.011.1129.2119.876.455.2
    P/S1.01.20.72.11.31.61.3
    P/Op Inc-------
    P/EBIT90.56.55.68.67.97.17.5
    P/E113.17.814.311.510.29.210.9
    P/CFO39.15.82.08.47.36.97.1
    Total Yield4.0%14.7%12.0%9.8%16.6%12.2%12.1%
    Dividend Yield3.2%1.8%5.0%1.2%6.8%1.3%2.5%
    FCF Yield 3Y Avg4.8%16.8%44.4%12.8%11.3%16.5%14.7%
    D/E0.10.10.40.10.10.10.1
    Net D/E-1.2-0.5-2.4-0.2-0.0-1.2-0.8

    Returns

    EIGHIGFNFCBPGRTRVMedian
    NameEmployersHartford.Fidelity.Chubb Progress.Traveler. 
    1M Rtn-3.8%-10.8%-11.7%-2.7%-7.6%-1.9%-5.7%
    3M Rtn-6.1%-6.8%-10.3%-2.1%-8.4%11.3%-6.5%
    6M Rtn19.0%-5.3%-7.2%5.1%3.4%28.2%4.3%
    12M Rtn16.9%-3.9%-24.2%21.3%-9.6%34.4%6.5%
    3Y Rtn27.4%81.9%17.7%63.6%59.7%127.4%61.6%
    1M Excs Rtn-4.6%-11.7%-12.6%-3.6%-8.5%-2.7%-6.6%
    3M Excs Rtn-11.4%-12.1%-15.6%-7.4%-13.7%6.0%-11.8%
    6M Excs Rtn-1.4%-26.6%-27.3%-16.1%-18.2%6.1%-17.1%
    12M Excs Rtn-0.7%-20.7%-41.7%4.6%-25.5%16.6%-10.7%
    3Y Excs Rtn-49.2%1.4%-61.8%-13.7%-18.3%50.2%-16.0%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 12/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
    Period End6/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/2023
    Filing Date7/30/20265/1/20262/26/202610/31/20258/1/20255/2/20252/28/202511/1/20248/2/20244/26/20242/26/202410/27/2023
    Key Financials Quarterly            
    Total Revenue220208170239246203217224217223226204
    Net Income2910-23-83013283032284614
    EPS1.600.53-1.06-0.361.240.521.141.221.251.121.780.54
    Key Financials TTM            
    Total Revenue TTM838864859905890860881890869868851847
    Net Income TTM881162101103119136120123118120
    Growth Rates Quarterly            
    Total Revenue Growth-10.6%2.5%-21.3%6.8%13.5%-9.2%-4.0%10.1%0.8%8.0%1.8%-0.4%
    Net Income Growth-2.0%-20.3%-182.7%-127.4%-6.3%-54.8%-37.9%116.4%-9.2%19.9%-3.2%-26.7%
    Margins Quarterly            
    Net Income Margin13.2%4.9%-13.7%-3.5%12.1%6.3%13.1%13.5%14.6%12.7%20.2%6.9%
    Cash & Debt            
    Total Cash1,1191,1461,2051,0911,0141,0592,1669918568552,196875
    Total Debt129129394344556646
    Net Debt / (Cash)-990-1,017-1,166-1,087-1,011-1,055-2,162-987-851-850-2,190-830
    Cash Flows Quarterly            
    FCF from Operations-10212901513511212825
    Cash Flows TTM            
    FCF from Operations TTM223245577990769165464954
    Returns to Shareholders Quarterly            
    Dividends667788878877
    Share Repurchases3079944524201181961515
    Return on Invested Capital (ROIC) Quarterly            
    ROIC------------
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM------------

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Insurance Operations859881851714703
    Total859881851714703


    Net Income by Segment
    $ Mil20252024202320222021
    Insurance Operations1111911848119
    Total1111911848119


    Price Behavior

    Price Behavior
    Market Price$47.30 
    Market Cap ($ Bil)0.9 
    First Trading Date01/31/2007 
    Distance from 52W High-8.3% 
       50 Days200 Days
    DMA Price$49.16$44.46
    DMA Trendupindeterminate
    Distance from DMA-3.8%6.4%
     3M1YR
    Volatility18.7%23.7%
    Downside Capture-13.63-45.50
    Upside Capture-40.09-18.54
    Correlation (SPY)-10.6%-10.0%
    EIG Betas & Captures as of 8/31/2026

     1M2M3M6M1Y3Y
    Beta-0.14-0.15-0.68-0.26-0.170.27
    Up Beta0.240.880.510.220.380.43
    Down Beta-0.80-0.48-1.37-0.72-0.320.26
    Up Capture-38%-52%-42%-3%-11%6%
    Bmk +ve Days10213268138427
    Stock +ve Days11233771135404
    Down Capture-8%-42%-146%-76%-74%28%
    Bmk -ve Days11213259113324
    Stock -ve Days10192756114338

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with EIG
    EIG16.0%23.6%0.56-
    Sector ETF (XLF)3.6%14.7%0.0229.3%
    Equity (SPY)17.7%13.0%0.98-10.2%
    Gold (GLD)14.7%29.3%0.46-12.6%
    Commodities (DBC)46.8%20.7%1.75-19.5%
    Real Estate (VNQ)4.5%13.6%0.0727.3%
    Bitcoin (BTCUSD)-25.5%44.8%-0.53-7.0%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with EIG
    EIG7.7%23.8%0.27-
    Sector ETF (XLF)9.7%18.4%0.3946.5%
    Equity (SPY)13.3%17.2%0.5925.2%
    Gold (GLD)19.2%18.8%0.83-6.8%
    Commodities (DBC)11.2%19.5%0.451.0%
    Real Estate (VNQ)0.9%18.9%-0.0633.7%
    Bitcoin (BTCUSD)12.3%52.6%0.415.4%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with EIG
    EIG8.0%26.6%0.31-
    Sector ETF (XLF)13.0%22.1%0.5351.8%
    Equity (SPY)15.5%17.9%0.7337.1%
    Gold (GLD)12.1%16.4%0.61-3.8%
    Commodities (DBC)8.7%18.1%0.3910.2%
    Real Estate (VNQ)4.8%20.7%0.1938.5%
    Bitcoin (BTCUSD)63.9%66.2%1.046.7%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date9152026
    Short Interest: Shares Quantity1.0 Mil
    Short Interest: % Change Since 8312026-0.7%
    Average Daily Volume0.1 Mil
    Days-to-Cover Short Interest7.6 days
    Basic Shares Quantity18.2 Mil
    Short % of Basic Shares5.4%

    Returns Analyses

    Earnings Returns History

    Updated 8/31/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/29/20263.7%2.1%-0.8%
    4/29/2026-1.5%-3.3%2.6%
    2/19/2026-7.7%-2.7%-7.2%
    10/30/2025-6.4%-6.0%-1.3%
    7/30/2025-9.5%-8.4%-5.2%
    5/1/20252.4%2.6%1.9%
    2/20/20250.3%4.8%1.4%
    10/30/20241.6%11.9%11.9%
    ...
    SUMMARY STATS   
    # Positive121113
    # Negative111210
    Median Positive2.7%2.6%2.6%
    Median Negative-4.7%-4.2%-1.7%
    Max Positive11.1%13.4%24.3%
    Max Negative-9.5%-8.4%-13.6%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/29/20263.7%2.1%-0.8%
    4/29/2026-1.5%-3.3%2.6%
    2/19/2026-7.7%-2.7%-7.2%
    10/30/2025-6.4%-6.0%-1.3%
    7/30/2025-9.5%-8.4%-5.2%
    5/1/20252.4%2.6%1.9%
    2/20/20250.3%4.8%1.4%
    10/30/20241.6%11.9%11.9%
    7/31/2024-3.6%-5.0%0.1%
    4/25/20241.1%-0.7%-4.4%
    2/15/20243.9%6.5%2.4%
    10/25/2023-4.7%-2.3%-2.1%
    7/26/20233.0%2.5%3.7%
    4/27/2023-6.0%-6.9%-13.6%
    2/16/20236.9%1.5%-1.4%
    10/27/202211.1%13.4%17.6%
    7/28/2022-2.3%-5.3%0.1%
    4/27/2022-4.4%-5.2%1.5%
    2/16/20222.2%-0.4%3.2%
    10/28/2021-2.1%0.9%-0.7%
    7/22/2021-5.7%-0.1%-0.2%
    4/22/20212.1%0.7%5.8%
    2/17/20214.2%3.6%24.3%
    SUMMARY STATS   
    # Positive121113
    # Negative111210
    Median Positive2.7%2.6%2.6%
    Median Negative-4.7%-4.2%-1.7%
    Max Positive11.1%13.4%24.3%
    Max Negative-9.5%-8.4%-13.6%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    06/30/202607/30/202610-Q
    03/31/202605/01/202610-Q
    12/31/202502/26/202610-K
    09/30/202510/31/202510-Q
    06/30/202508/01/202510-Q
    03/31/202505/02/202510-Q
    12/31/202402/28/202510-K
    09/30/202411/01/202410-Q
    06/30/202408/02/202410-Q
    03/31/202404/26/202410-Q
    12/31/202302/26/202410-K
    09/30/202310/27/202310-Q
    06/30/202307/28/202310-Q
    03/31/202304/28/202310-Q
    12/31/202202/24/202310-K
    09/30/202210/28/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202607/30/202610-Q
    03/31/202605/01/202610-Q
    12/31/202502/26/202610-K
    09/30/202510/31/202510-Q
    06/30/202508/01/202510-Q
    03/31/202505/02/202510-Q
    12/31/202402/28/202510-K
    09/30/202411/01/202410-Q
    06/30/202408/02/202410-Q
    03/31/202404/26/202410-Q
    12/31/202302/26/202410-K
    09/30/202310/27/202310-Q
    06/30/202307/28/202310-Q
    03/31/202304/28/202310-Q
    12/31/202202/24/202310-K
    09/30/202210/28/202210-Q
    06/30/202207/29/202210-Q
    03/31/202204/29/202210-Q
    12/31/202102/24/202210-K
    09/30/202110/29/202110-Q
    06/30/202107/29/202110-Q
    03/31/202104/26/202110-Q
    12/31/202002/23/202110-K
    09/30/202010/27/202010-Q
    06/30/202007/28/202010-Q
    03/31/202004/24/202010-Q
    12/31/201902/20/202010-K
    09/30/201910/25/201910-Q

    Insider Activity

    Updated 8/19/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Ozuna, Christina MChief Claims OfficerDirectSell311202639.884,500179,460598,519Form
    2Smith, Ann MarieChief Actuarial and UW OfficerDirectSell311202639.295,000196,450341,980Form
    3Pedraja, MichaelEVP, Chief Financial OfficerDirectBuy224202639.732,00079,460787,846Form
    4Pedraja, MichaelEVP, Chief Financial OfficerDirectBuy1104202537.095,500203,995661,315Form
    5Pedraja, MichaelEVP, Chief Financial OfficerDirectBuy805202540.045,000200,200493,693Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Ozuna, Christina MChief Claims OfficerDirectSell311202639.884,500179,460598,519Form
    2Smith, Ann MarieChief Actuarial and UW OfficerDirectSell311202639.295,000196,450341,980Form
    3Pedraja, MichaelEVP, Chief Financial OfficerDirectBuy224202639.732,00079,460787,846Form
    4Pedraja, MichaelEVP, Chief Financial OfficerDirectBuy1104202537.095,500203,995661,315Form
    5Pedraja, MichaelEVP, Chief Financial OfficerDirectBuy805202540.045,000200,200493,693Form

    Industry Resources

    External Quote Links


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