EIG Earnings Prediction
The chart below shows how EIG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EIG sees a -1.76% change in stock price 10 days leading up to the earnings, and a +2.29% change 10 days following the report. On the earnings day itself, the stock moves by +0.43%. This data can give you a slight idea of what to expect for the next quarter's release.
EIG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
224.00M
10.07%
3.23%
Gross Margin
--
--
--
Operating Margin
16.38%
81.19%
-11.12%
Net Margin
13.53%
96.66%
-7.39%
EPS
1.21
124.07%
-3.20%
No Data Available
EIG Earnings Analysis
Employers Holdings, Inc. Corporation (EIG.N) Earnings Conference Call
Positive
Net Income Surge: Net income per share increased by 124% and adjusted net income per share increased by 19%.
Premiums and Investment Gains: The higher earned premiums, strong net investment income, and continued net investment gains were the main drivers of the increases.
Record Book Value Metrics: Our strong operating results lifted each of our book value per share metrics to all-time highs.
Premium Growth and Audit Decline: During the quarter, we continued to grow our new and renewal premiums while experiencing reductions in both premium audit pickup and audit accrual.
Quarterly Dividend Declaration: Our Board of Directors declared a fourth quarter 2024 regular quarterly dividend of $0.30 per share.
Negative
Gross Premiums Written Decline: The company's gross premiums written decreased by 8% to $181 million, primarily due to higher new and renewal business writings being offset by lower final audit premiums and endorsements.
Rising Loss Adjustment Expenses: Losses and loss adjustment expenses were $118 million versus $115 million a year ago, indicating an increase in costs.
Underwriting Performance Deterioration: The loss and loss adjustment expense ratio, excluding the LPT, was 63.9% versus 63.2%, reflecting a deterioration in underwriting performance.
Loss Ratio Trend Analysis: The current accident year loss and LAE ratio on voluntary business was 64%, slightly above the 63.3% maintained throughout 2023, indicating a consistent trend of higher losses.
Commission Expense Ratio Decrease: The decrease in the commission expense ratio was primarily related to a decrease in anticipated 2024 agency incentives, which are specific to individual contracts and vary with agency targets.
EIG FAQs
How does EIG typically perform around its earnings report dates?
Is Employers Holdings, Inc. (EIG) Q3 2024 Earnings Call Summary positive or negative?
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EIG Earning Call Sentiment
Employers Holdings, Inc. (EIG) Q3 2024 Earnings Call Transcript
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EIG.N
-0.41%Positive
The earnings call showed strong financial performance with a notable increase in net income per share and adjusted net income. The company also declared a regular dividend and executed share repurchases, both of which are positive indicators. Despite a slight decrease in gross premiums, the overall financial health remains robust. The Q&A session highlighted management's confidence in growth and profitability, although some responses were vague. Given the company's market cap, the stock price is likely to react positively, but not excessively, resulting in a 'Positive' prediction.