Tranche Update on Employers Holdings, Inc.'s Equity Buyback Plan announced on July 22, 2021.
July 26, 2023 at 04:18 pm EDT
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From April 1, 2023 to June 30, 2023, the company has repurchased 935,250 shares, representing 3.46% for $35.45 million. With this, the company has completed the repurchase of 2,520,782 shares, representing 9.18% for $99.32 million under the buyback announced on July 22, 2021.
Employers Holdings, Inc. is a holding company. The Company, through its wholly owned insurance subsidiaries, Employers Insurance Company of Nevada (EICN), Employers Compensation Insurance Company (ECIC), Employers Preferred Insurance Company (EPIC), Employers Assurance Company (EAC), and Cerity Insurance Company (CIC), is engaged in the commercial property and casualty insurance industry, specializing in workers compensation products and services, which are focused on small and select businesses engaged in low-to-medium hazard industries. Workers' compensation provides insurance coverage for the statutorily prescribed benefits that employers are required to provide to their employees who may be injured or suffer illness in the course of employment. Its Insurance Operations segment represents the traditional business offered through its agents, including business originated from the Company's strategic partnerships and alliances and direct-to-customer business.