Employers Holdings, Inc. balance sheet
At the end of fiscal 2025, Employers Holdings, Inc. had total assets of $3.44bn, total liabilities of $2.48bn and shareholders' equity of $956m. It held $160m in cash against $35.0m of debt: net cash of $125m.
Balance sheet
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 189 | 120 | 252 | 141 | 35 | 104 | 57 | 67 | 73 | 101 | 155 | 160 | 75 | 89 | 226 | 68 | 160 | 76 |
| Goodwill | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 |
| Total assets | 3,677 | 3,480 | 3,482 | 3,511 | 3,643 | 3,770 | 3,756 | 3,773 | 3,840 | 3,919 | 4,004 | 3,923 | 3,783 | 3,717 | 3,550 | 3,541 | 3,437 | 3,252 |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 16 | 0 |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 19 | 125 |
| Total debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35 | 125 |
| Total liabilities | 3,178 | 2,990 | 3,008 | 2,972 | 3,075 | 3,083 | 2,995 | 2,933 | 2,892 | 2,901 | 2,838 | 2,710 | 2,570 | 2,773 | 2,537 | 2,473 | 2,481 | 2,467 |
| Shareholders' equity | 485 | 478 | 462 | 539 | 569 | 687 | 761 | 841 | 948 | 1,018 | 1,166 | 1,213 | 1,213 | 944 | 1,014 | 1,069 | 956 | 786 |
| Net debt (negative = net cash) | −189 | −120 | −252 | −141 | −35 | −104 | −57 | −67 | −73 | −101 | −155 | −160 | −75 | −89 | −226 | −68 | −125 | 49 |
| Shares outstanding | 43m | 39m | 33m | 31m | 31m | 31m | 32m | 32m | 33m | 33m | 31m | 29m | 28m | 27m | 25m | 25m | 20m | 18m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Goodwill | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 |
| Total assets | 3,541 | 3,557 | 3,543 | 3,526 | 3,437 | 3,437 | 3,380 | 3,252 |
| Short-term debt | 0 | — | — | — | 16 | 0 | 0 | 0 |
| Long-term debt | 0 | — | — | — | 19 | 125 | 125 | 125 |
| Total debt | 0 | — | — | — | 35 | 125 | 125 | 125 |
| Total liabilities | 2,473 | 2,481 | 2,460 | 2,487 | 2,481 | 2,570 | 2,522 | 2,467 |
| Shareholders' equity | 1,069 | 1,076 | 1,083 | 1,039 | 956 | 867 | 859 | 786 |
| Shares outstanding | 25m | 24m | 24m | 23m | 20m | 19m | 18m | 18m |
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