Employers Holdings, Inc. cash flow statement

In fiscal 2025, Employers Holdings, Inc.'s operations generated $44.7m of cash; it spent $100,000 on capital projects, leaving free cash flow of $44.6m. It returned $29.9m in dividends and $183m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Employers Holdings, Inc.: cash flow statement, annual
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 from operations	41	57	42	131	167	172	116	123	142	180	123	33	11	100	49	76	45	−19
Depreciation and amortisation	10	7	6	6	6	7	8	9	8	6	9	8	7	22	22	17	14	14
Stock-based pay	5	4	4	6	6	6	5	6	7	9	10	10	9	5	6	6	5	5
Capital spending	1	2	0	3	2	1	0	1	0	0	1	0	0	0	0	0	0	0
Free cash flow	39	55	42	128	164	171	116	122	142	180	122	33	11	100	49	76	45	−19
Free cash flow after stock pay	34	51	39	122	159	165	112	116	135	171	112	23	1	95	43	70	40	−25
Dividends paid	11	10	9	8	8	8	8	12	20	27	28	31	29	90	30	30	30	26
Share buybacks	74	64	92	42	0	0	0	21	0	4	68	99	43	30	76	43	183	221

US$ millions unless shown otherwise. Fiscal quarters.

Employers Holdings, Inc.: cash flow statement, quarterly
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
Cash from operations	13	15	0	29	1	2	−10	−11
Depreciation and amortisation	4	3	3	4	4	3	3	4
Stock-based pay	2	1	2	1	1	2	1	2
Capital spending	−3	1	1	1	−2	1	1	1
Free cash flow	16	14	−1	29	3	1	−11	−12
Free cash flow after stock pay	14	13	−3	28	2	−0	−12	−14

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Employers Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Employers Holdings, Inc.