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Employers Holdings, Inc. (NYSE:EIG), a $930 million market cap insurance company, announced that its board has appointed Matthew R. Pollak as Vice President, Corporate Controller and Principal Accounting Officer, effective August 8. The appointment comes as the company’s stock trades near its 52-week low, having declined about 15% in the past week. According to a statement based on a recent SEC filing, Mr. Pollak will not receive additional compensation or benefits for his service in this new role.
Mr. Pollak, age 59, has served as Vice President, Corporate Controller of EIG Services, Inc., a subsidiary of Employers Holdings, since May. Before joining the company, he was Senior Vice President and Chief Accounting Officer at CRC Group, formerly TIH Insurance Holdings, LLC, from December 2023 to March 2025. He previously held leadership roles at State Auto Insurance Companies, American Safety Insurance Services, and Argo Group International Holdings (NYSE:ARGO), Inc. According to InvestingPro, the company maintains a "GOOD" overall financial health score and has consistently paid dividends for 19 consecutive years.
Mr. Pollak holds a Bachelor of Science degree in Accounting from Virginia Tech, an MBA from Wake Forest University, and is a Certified Public Accountant.
The company stated that Mr. Pollak does not have any family relationships with directors or executive officers and is not involved in any transactions requiring disclosure under SEC regulations.
This information is based on a statement provided in a recent SEC filing.
In other recent news, Employers Holdings Inc . announced its second-quarter 2025 financial results, which showed mixed outcomes. The company reported an earnings per share (EPS) of $0.48, missing the forecasted $0.99. However, Employers Holdings exceeded revenue expectations, bringing in $246.3 million compared to the anticipated $217.17 million, resulting in a 13.41% surprise. These results highlight a significant revenue achievement despite the EPS shortfall. The stock experienced a decline, reflecting investor concerns over the earnings miss. Analysts have yet to provide updates on potential upgrades or downgrades following this announcement. Investors will be watching closely for any further developments from Employers Holdings.
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