RENO, Nev.--(BUSINESS WIRE)--
Employers Holdings, Inc. (NYSE: EIG) will ring The Closing BellSM at the New York Stock Exchange (NYSE) today to commemorate the 10th anniversary of its initial public offering. Douglas D. Dirks, Employers Holdings, Inc. President and Chief Executive Officer, and members of the board of directors and executive leadership team will ring the closing bell.
Employers Holdings, Inc. had its initial public offering in February 2007. Since the IPO, the organization has grown from writing insurance in 14 states through two insurance companies, to writing business in 36 states and the District of Columbia through four insurance companies. In the year preceding its IPO, the company produced $400 million of gross written premium compared to today’s $700 million. The company’s investment portfolio totaled $1.7 billion at the time of the IPO compared to $2.6 billion today. Adjusted shareholders’ equity was $747 million at December 31, 2006 versus approximately $1 billion now, and the company returned approximately $475 million to its shareholders in dividends and share repurchases.
“This is an exciting milestone for EMPLOYERS, from our talented employees to our valued policyholders, agents, partners, and shareholders,” said Douglas D. Dirks, president and chief executive officer. “I’m immensely proud of our growth and all we’ve accomplished together over the last decade.”
Added Dirks, “As we look forward to the next 10 years, we must also reflect on our company’s rich history which spans more than a century. Throughout all of this time we have remained dedicated to serving America’s small businesses as a specialty provider of workers’ compensation insurance.”
The New York Stock Exchange will stream the closing bell ringing on its website: https://www.nyse.com/bell. The bell-ringing is scheduled for 4:00 p.m. Eastern Time. A video of the event will also be archived on that same page after the livestream.
About Employers Holdings, Inc.
Employers Holdings, Inc. (NYSE:EIG) is a holding company with subsidiaries that are specialty providers of workers' compensation insurance and services focused on select small businesses engaged in low-to-medium hazard industries. The company, through its subsidiaries, operates in 36 states and the District of Columbia. Insurance is offered by Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, and Employers Assurance Company, all rated A- (Excellent) by A.M. Best Company. Additional information can be found at: www.employers.com.
Copyright © 2017 EMPLOYERS. All rights reserved.
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