Employers holdings, inc. (EIG)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Assets
Investments:
Debt Securities, Available-for-sale

2,367

2,485

2,480

2,517

2,521

2,496

2,394

2,401

2,434

2,463

2,416

2,418

2,395

2,344

2,383

2,326

2,312

2,288

2,320

2,281

2,360

2,275

2,290

2,287

2,211

2,182

2,101

2,070

2,060

2,024

1,905

1,892

1,881

1,852

1,960

1,931

1,941

2,000

2,011

1,947

1,960

Equity Securities, FV-NI

205

256

284

239

230

199

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity securities at fair value (cost $94.2 at September 30, 2018)

-

-

-

-

-

-

189

197

194

210

203

199

199

192

184

181

207

198

199

217

172

172

164

163

163

162

147

140

137

125

128

122

125

98

74

85

84

80

72

64

69

Equity securities at cost

6

6

6

6

6

6

6

6

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other invested assets (cost $31.1 at March 31, 2020 and $28.4 at December 31, 2019)

31

29

24

2

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term Investments

9

0

0

0

0

25

0

0

34

4

5

5

15

16

14

2

-

0

18

18

9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments

2,620

2,778

2,796

2,765

2,757

2,727

2,590

2,605

2,668

2,677

2,624

2,623

2,610

2,552

2,582

2,509

2,520

2,487

2,537

2,517

2,541

2,448

2,455

2,450

2,375

2,344

2,248

2,210

2,197

2,149

2,033

2,014

2,006

1,950

2,034

2,016

2,025

2,080

2,084

2,012

2,029

Cash and cash equivalents

174

154

140

105

92

101

203

146

56

73

69

42

58

67

84

128

70

56

56

64

45

103

59

36

51

34

99

97

130

140

243

208

201

252

206

201

167

119

144

193

188

Restricted cash and cash equivalents

0

0

0

0

2

0

2

1

0

1

1

0

4

3

2

2

4

2

3

6

8

10

20

8

8

6

6

4

4

5

5

7

10

6

6

5

11

16

-

-

2

Accrued investment income

16

16

17

16

18

18

19

18

18

19

19

20

20

20

20

20

19

20

20

20

19

20

19

20

19

20

19

19

19

19

18

19

18

19

20

21

21

23

21

22

23

Premiums receivable (less CECL allowance of $3.9 at March 31, 2020 and less bad debt allowance of $4.6 at December 31, 2019)

292

285

314

342

352

333

352

355

350

326

331

333

323

304

317

330

315

301

306

314

296

295

315

321

294

279

282

285

252

223

225

216

186

160

154

149

129

109

108

109

119

Reinsurance recoverable for:
Paid losses

7

7

7

6

6

6

7

7

6

7

7

8

8

8

8

7

7

7

7

7

7

10

7

9

8

8

8

9

9

9

9

9

10

10

10

10

12

14

12

12

13

Unpaid losses (less CECL allowance of $0.4 at March 31, 2020)

526

532

527

484

498

504

511

512

531

537

553

559

572

580

591

598

621

628

634

640

663

669

690

699

735

742

779

801

798

805

912

920

929

940

927

936

946

956

995

1,031

1,051

Funds held by or deposited with reinsurers

-

-

-

-

-

23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

3

0

1

1

2

2

3

79

80

82

Deferred policy acquisition costs

51

47

51

52

52

48

50

51

50

45

48

49

48

44

46

48

47

44

46

48

46

44

47

48

46

43

45

45

42

38

40

40

38

37

39

37

34

32

32

32

33

Deferred income taxes, net

19

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

0

1

8

6

5

4

9

8

4

Deferred Tax Assets, Net of Valuation Allowance

-

-

0

2

12

26

20

24

26

28

42

44

52

59

41

41

55

67

61

55

43

49

51

47

54

58

52

51

27

26

19

25

24

22

25

31

41

38

14

28

43

Property, Plant and Equipment, Net

21

21

23

22

21

18

16

20

14

13

15

24

23

22

22

23

23

24

22

23

20

21

19

15

16

16

16

15

14

14

12

12

11

11

11

11

11

11

12

14

13

Operating lease right-of-use assets

14

15

15

15

16

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

13

13

13

7

7

7

7

7

7

7

8

8

8

8

8

8

8

8

8

8

8

9

9

9

9

9

9

10

10

10

10

11

11

11

12

12

12

13

13

14

15

Goodwill

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

Contingent commission receivable—LPT Agreement

13

13

13

32

32

32

32

32

31

31

31

31

31

31

31

31

29

29

29

29

26

26

23

34

25

25

21

20

19

19

-

-

-

-

-

-

-

-

-

-

-

Cloud computing arrangements

36

33

30

29

25

26

21

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unsettled sales of investments

-

-

-

-

-

-

-

-

-

-

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

66

46

37

34

39

32

25

49

47

33

25

42

36

34

31

46

38

40

35

37

36

23

23

25

18

17

17

10

9

12

16

13

17

18

19

17

21

20

18

17

19

Total assets

3,912

4,004

4,024

3,954

3,973

3,919

3,898

3,868

3,847

3,840

3,835

3,824

3,833

3,773

3,824

3,832

3,796

3,755

3,806

3,811

3,800

3,769

3,779

3,764

3,698

3,643

3,645

3,617

3,573

3,511

3,587

3,540

3,506

3,481

3,514

3,498

3,479

3,480

3,583

3,614

3,676

Liabilities and stockholders’ equity
Unpaid losses and loss adjustment expenses

2,191

2,192

2,197

2,161

2,189

2,207

2,233

2,227

2,258

2,266

2,298

2,284

2,298

2,301

2,330

2,332

2,341

2,347

2,357

2,354

2,370

2,369

2,370

2,354

2,358

2,330

2,305

2,291

2,258

2,231

2,304

2,281

2,271

2,272

2,249

2,255

2,267

2,279

2,325

2,359

2,425

Unpaid Losses Less Allowance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,031

-

Paid losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

-

Unearned premiums

353

337

360

370

368

336

356

360

351

318

331

341

330

310

325

336

323

308

327

341

324

310

335

339

320

303

318

317

289

265

270

257

225

194

194

185

167

149

153

154

158

Policyholders dividends accrued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

3

3

3

4

4

4

5

5

6

7

Total claims and policy liabilities

-

-

-

-

-

-

-

2,588

2,610

-

2,630

2,626

2,629

2,611

2,655

2,668

2,665

2,656

2,685

2,695

2,694

2,680

2,706

2,694

2,678

2,634

2,624

2,608

2,547

2,496

2,578

2,542

2,500

2,471

2,447

2,444

2,440

2,434

2,484

2,520

2,592

Commissions and premium taxes payable

47

48

52

55

53

57

59

58

55

55

53

52

49

48

50

50

47

52

49

48

45

46

47

46

44

45

44

42

42

40

38

35

31

28

26

23

20

17

18

18

20

Accounts payable and accrued expenses

27

29

27

23

24

37

24

23

21

23

19

20

21

24

17

16

19

24

19

16

16

20

20

17

17

18

20

15

15

19

16

14

17

14

29

19

18

18

21

19

19

Unsettled purchases of investments

-

-

-

-

-

-

-

-

-

-

-

-

18

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

-

-

-

-

-

-

-

Deferred reinsurance gain—LPT Agreement

134

137

139

141

147

149

152

154

161

163

166

168

171

174

177

180

186

189

192

195

204

207

218

223

245

249

260

274

277

281

341

345

349

353

357

361

365

370

375

379

388

Notes payable

-

-

0

0

20

20

20

20

20

20

20

20

32

32

32

32

32

32

92

92

92

92

102

102

102

102

112

112

112

112

122

122

122

122

132

132

132

132

132

132

132

Operating lease liability

16

17

17

17

19

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cancellable obligations

21

23

20

20

17

18

-

-

-

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non Contractual Obligations

-

-

-

-

-

-

18

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

61

52

50

42

61

74

42

66

49

42

29

38

44

41

40

38

41

40

42

48

37

36

32

35

23

25

27

41

30

21

17

25

19

17

15

17

17

17

22

22

25

Total liabilities

2,854

2,838

2,864

2,832

2,901

2,901

2,907

2,912

2,917

2,892

2,918

2,925

2,966

2,932

2,974

2,987

2,993

2,995

3,080

3,096

3,091

3,082

3,126

3,119

3,111

3,074

3,088

3,095

3,025

2,971

3,114

3,085

3,040

3,007

3,007

2,999

2,993

2,990

3,054

3,092

3,178

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

Stockholders’ equity:
Common stock, $0.01 par value; 150,000,000 shares authorized; 57,375,585 and 57,184,370 shares issued and 30,403,012 and 31,355,378 shares outstanding at March 31, 2020 and December 31, 2019, respectively

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

Additional paid-in capital

397

396

393

389

388

388

385

382

380

381

377

376

372

372

368

367

363

357

353

352

348

346

344

343

340

338

337

331

329

325

322

321

320

318

317

316

315

314

313

312

311

Retained earnings

1,115

1,158

1,134

1,108

1,075

1,030

1,011

970

935

842

832

815

795

777

744

723

700

682

657

634

607

595

568

554

511

502

489

464

451

445

372

366

362

358

340

331

325

319

301

293

266

Accumulated other comprehensive income, net of tax

41

65

68

53

23

-13

-22

-13

-2

107

90

90

82

74

117

122

103

83

77

89

115

106

101

108

98

90

91

87

129

129

139

124

121

116

115

99

81

84

127

100

83

Treasury stock, at cost (26,972,573 shares at March 31, 2020 and 25,828,992 shares at December 31, 2019)

497

455

435

430

415

388

384

384

383

383

383

383

383

383

381

369

363

362

362

362

362

362

362

362

362

362

362

362

362

362

362

358

339

320

268

249

236

228

213

185

163

Total stockholders’ equity

1,057

1,165

1,160

1,121

1,071

1,018

991

956

930

947

917

899

867

840

850

845

803

760

726

714

709

686

652

645

587

568

556

521

548

539

473

454

465

474

506

498

485

490

528

521

498

Total liabilities and stockholders’ equity

3,912

4,004

4,024

3,954

3,973

3,919

3,898

3,868

3,847

3,840

3,835

3,824

3,833

3,773

3,824

3,832

3,796

3,755

3,806

3,811

3,800

3,769

3,779

3,764

3,698

3,643

3,645

3,617

3,573

3,511

3,587

3,540

3,506

3,481

3,514

3,498

3,479

3,480

3,583

3,614

3,676