EMPLOYERS HOLDINGS, INC. (NYSE:EIG) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.
On April 24, 2019, Employers Holdings, Inc. (the “Company”) issued a press release and financial supplement announcing results for the quarter ended March 31, 2019. The press release and financial supplement are attached hereto as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference, and are being furnished, not filed, under Item 2.02 to this Current Report on Form 8-K.
Section 8 – Other Information
Item 8.01. Other Events.
On April 24, 2019, the Company announced that its Board of Directors declared a second>quarter 2019>cash dividend of $0.22>per share on the Company’s common stock. The dividend is payable on May 22, 2019>to stockholders of record as of May 8, 2019.
On February 21, 2018, the Board of Directors authorized a share repurchase program for repurchases of up to $50.0 million of our common stock from February 26, 2018 through February 26, 2020 (the 2018 Program). On April 24, 2019, the Board of Directors authorized a $50 million expansion of the 2018 Program, to $100 million, and extended the repurchase authority to the 2018 Program through June 30, 2020. The 2018 Program provides that shares may be purchased at prevailing market prices through a variety of methods, including open market or private transactions, in accordance with applicable laws and regulations and as determined by management. The timing and actual number of shares that may be repurchased will depend on a variety of factors, including the share price, corporate and regulatory requirements, and other market and economic conditions. Repurchases under the 2018 Program may be commenced, modified, or suspended from time to time without prior notice, and the program may be suspended or discontinued at any time.
Section 9 – Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
99.1 Employers Holdings, Inc. press release, dated April 24, 2019.
99.2 Employers Holdings, Inc. financial supplement, dated April 24, 2019.
Employers Holdings, Inc. Exhibit
EX-99.1 2 ex991_pressreleasex33119.htm EXHIBIT 99.1 Exhibit Exhibit 99.1news releaseFor Immediate ReleaseEmployers Holdings,…
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About EMPLOYERS HOLDINGS, INC. (NYSE:EIG)
Employers Holdings, Inc. is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. The Company provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses. The Company provides workers’ compensation insurance in approximately 33 states and the District of Columbia, with a concentration in California. The Company invests in fixed maturity securities, equity securities and cash equivalents. The Company insurance subsidiaries include Employers Insurance Company of Nevada (EICN), Employers Compensation Insurance Company (ECIC), Employers Preferred Insurance Company (EPIC) and Employers Assurance Company (EAC).
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