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Employers Holdings (EIG) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · Employers Holdings (EIG) Q3 2026 earnings results →
Q3 2026 Revenue down 21% year over year to $189M · 6¢ of every $1 of revenue kept as net profit · operating margin 7.7%
Employers Holdings made $189M in Q3 2026 (-21% Y/Y). Operating margin 7.7%, net earnings $11.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $189.3M in Q3 2026, down 21% year over year and down 14% from the previous quarter.
Operating profit was $14.5M, a 7.7% margin (up 12.3 points year over year). Total costs fell 30% while revenue fell 21%. Net earnings were $11.6M. The effective tax rate was 20.0%.
Operating cash flow was −$11.4M. Non-cash charges added back $3.5M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $28.2M. Capital expenditures of $800K exceeded it, leaving free cash flow of −$12.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 30, 2026 | $189M | -21% | 7.7% | $11.6M | −$11.4M |
| Q2 2026 | 10-Q | Jul 30, 2026 | $220M | -11% | 15.8% | $29.1M | −$10.3M |
| Q1 2026 | 10-Q | May 1, 2026 | $208M | +2% | 6.2% | $10.2M | $2.2M |
| Q4 2025 | 10-K | Feb 26, 2026 | $170M | -21% | -17.4% | −$23.4M | $700K |
| Q3 2025 | 10-Q | Oct 31, 2025 | $239M | +7% | -4.7% | −$8.3M | $29.4M |
| Q2 2025 | 10-Q | Aug 1, 2025 | $246M | +14% | 15.0% | $29.7M | $0 |
| Q1 2025 | 10-Q | May 2, 2025 | $203M | -9% | 7.8% | $12.8M | $14.6M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Employers Holdings
Employers Holdings, Inc. (EHI) is a holding company, which was incorporated in Nevada in 2005, with subsidiaries that are specialty providers of workers' compensation insurance and related services focused on small and mid-sized businesses engaged in lower hazard industries. In February 2026, we launched a new excess workers' compensation product that will be offered to self-insured enterprises in several jurisdictions across the United States (U.S.). We had 623 full-time employees at December 31, 2025 and our corporate headquarters are located at 5340 Kietzke Lane, Suite 202, Reno, Nevada, 89511. We operate throughout the U.S. with the exception of North Dakota, Ohio, Washington and Wyoming, which are served exclusively by their state funds.
In its own words, from its 10-K, filed Feb 26, 2026.
Employers Holdings against its Fire, Marine & Casualty Insurance peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -21% against the peers' median +2%. Operating margin: 7.7% against the peers' median 15.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| EIG Employers Holdings | Q3 2026 | $189M | -21% | 7.7% |
| BRK-B Berkshire Hathaway | Q2 2026 | $101.8B | +10% | 15.5% |
| PGR Progressive | Q3 2026 | $23.2B | +3% | 14.0% |
| ALL Allstate | Q3 2026 | $17.3B | +0.5% | 15.1% |
| CB Chubb | Q3 2026 | $16.2B | +0.3% | 21.0% |
| TRV Travelers Companies | Q3 2026 | $12.4B | -0.5% | 19.1% |
| AIG American International Group | Q3 2026 | $7.4B | +17% | 15.0% |
| HIG Hartford Insurance Group | Q3 2026 | $7.2B | +4% | 21.9% |
| L Loews | Q3 2026 | $4.8B | +2% | 8.5% |
Source: Employers Holdings 10-Q on SEC EDGAR · CIK 1379041 · Fire, Marine & Casualty Insurance
Guidance and outlook
13F: who owns EIG and who is buying
More on EIG
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results