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Employers Holdings (EIG) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 1, 2025

Employers Holdings (EIG) reported revenue of $246M for the second quarter 2025 (Q2 2025), +14% from a year earlier and +22% from the quarter before. Operating margin was 15.0%, net earnings $29.7M (12.1% of revenue).

Revenue$246M
Year over year+14%
Quarter over quarter+22%
Operating margin15.0%
Net earnings$29.7M

Employers Holdings, Q2 2025: revenue $246M (+14% year over year), operating margin 15.0%, net earnings $29.7M, operating cash flow $0. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$246M+22%+14%
Operating profit$37.0M+133%-7%
Net earnings$29.7M+132%-6%
Operating cash flow$0-100%-100%

What changed

Revenue was $246.3M in Q2 2025, up 14% year over year and up 22% from the previous quarter.

Operating profit was $37.0M, a 15.0% margin (down 3.4 points year over year). Operating profit fell $3.0M even though revenue rose $29.3M versus a year earlier, so costs grew faster than sales. Total costs grew 18% against revenue growth of 14%. Net earnings were $29.7M, down 6% year over year. The effective tax rate was 19.7%.

Operating cash flow was $0K. Non-cash charges added back $3.3M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $34.6M. Capital expenditures of $900K exceeded it, leaving free cash flow of −$900K.

Questions

What was Employers Holdings' revenue in the second quarter 2025?

Employers Holdings (EIG) reported revenue of $246M for the second quarter 2025 (Q2 2025), +14% from a year earlier and +22% from the quarter before.

Was Employers Holdings profitable in the second quarter 2025?

Operating profit was $37.0M (15.0% of revenue) and net earnings $29.7M.

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Source: Employers Holdings 10-Q on SEC EDGAR.