Envirotech Vehicles appoints Jason Maddox to board of directors
Employers Holdings, Inc. (NYSE:EIG), a provider of workers’ compensation insurance with a market capitalization of $1.17 billion and a GOOD financial health score according to InvestingPro, announced the outcomes of its annual stockholders meeting held on May 22, 2025. The meeting, which took place in Reno, Nevada, covered three primary agenda items, including the election of directors, advisory approval of executive compensation, and ratification of the company’s independent auditor.
The stockholders elected all nominees for the board of directors to serve until the 2026 Annual Meeting. The directors elected were Katherine H. Antonello, John M. de Figueiredo, Barbara A. Higgins, Michael J. McColgan, Jeanne L. Mockard, Alex Perez-Tenessa, Marvin Pestcoe, and Steven P. Sorenson. The results showed overwhelming support for each nominee, with the majority of votes cast in favor.
Additionally, the compensation of the named executive officers received advisory approval from the shareholders. This non-binding vote reflects stockholder support for the company’s executive compensation policies and practices. The company maintains strong shareholder returns with a P/E ratio of 11.72 and has consistently paid dividends for 19 consecutive years, though InvestingPro analysis indicates challenges ahead with expected downward earnings revisions.
The appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified with an affirmative majority vote. This ratification confirms the continued engagement of Ernst & Young LLP to audit the company’s financial statements.
Employers Holdings, Inc., headquartered in Reno, Nevada, operates in the fire, marine, and casualty insurance industry, generating annual revenue of $860.2 million. The company’s SEC filing on May 23, 2025, provides the detailed results of the votes and the matters discussed during the annual meeting. The filing serves as a formal record of the proceedings and the decisions made by the company’s stockholders. For deeper insights into EIG’s financial health and future prospects, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US equities with expert analysis and actionable intelligence.
In other recent news, Employers Holdings Inc . reported its first-quarter 2025 earnings, surpassing expectations with earnings per share (EPS) of $0.87 against the projected $0.74. Despite this positive earnings surprise, the company’s revenue came in at $202.6 million, falling short of the anticipated $219.76 million. Employers Holdings demonstrated resilience with a 1% increase in gross premiums written, totaling $212 million, although net premiums earned decreased by 1% to $183 million. The company also reported a net income of $12.8 million and an adjusted net income of $21.3 million, marking a 24% year-over-year increase. Additionally, Employers Holdings announced a 7% increase in its quarterly dividend to $0.32 per share and authorized a new stock repurchase program worth $125 million. Analyst firms have not yet issued upgrades or downgrades following these announcements, but the company maintains an optimistic outlook despite potential recessionary pressures. The company’s strategic focus remains on profitability, as highlighted by CEO Kathy Antonello. CFO Mike Pedraja expressed confidence in Employers Holdings’ financial strength, noting a 20% increase in net investment income, which reached $32 million.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.