Employers Holdings, Inc. (EIG) Balance Sheet
EIG balance sheet, 2025
December 31, 2025 · U.S. dollars$3.44B assets = $2.48B liabilities + $955.7M equity
Both columns are drawn to the same scale: what EIG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EIG financial health
Descriptive bands, not a rating. Fiscal 2025.
EIG balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.77B2016 | $3.44B2025 | −1.0%/yr | |
| Total liabilities | $2.93B2016 | $2.48B2025 | −1.8%/yr | |
| Shareholders’ equity | $840.6M2016 | $955.7M2025 | +1.4%/yr | |
| Cash & short-term investments | $2.62B2016 | $1.20B2025 | −8.3%/yr | |
| Total debt | $33.6M2016 | $38.9M2025 | +1.6%/yr | |
| Net cash (debt) | $2.59B2016 | $1.17B2025 | −$1.4B | |
| Working capital | $34.4M2016 | −$424.6M2025 | −$459.0M | |
| Book value per share | $25.492016 | $39.602025 | +5.0%/yr | |
| Debt / equity | 0.042016 | 0.042025 | 0.00 | |
| Shares outstanding | 33.0M2016 | 24.1M2025 | −3.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EIG assets
EIG liabilities and equity
EIG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EIG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.20B | $2.17B | $913.2M | $2.39B | $85.6M | $187.0M | $154.9M | $126.4M | $77.3M | $2.62B |
| Cash & equivalents | $159.8M | $68.3M | $226.4M | $89.2M | $75.1M | $160.4M | $154.9M | $101.4M | $73.3M | $67.2M |
| Short-term investments | $1.04B | $2.10B | $686.8M | $2.31B | $10.5M | $26.6M | $184.3M | $25.0M | $4.0M | $2.55B |
| Receivables | $758.6M | $799.6M | $807.4M | $790.1M | $742.4M | $749.7M | $838.6M | $876.2M | $902.3M | $924.5M |
| Inventory | $0 | $0 | −$1.72B | −$616.0M | −$457.7M | −$576.8M | −$642.0M | −$651.9M | −$1.58B | −$4.04B |
| Other current assets | $200,000 | $200,000 | $1.72B | $616.2M | $457.7M | $576.8M | $642.0M | $651.9M | $677.3M | $580.6M |
| Total current assets | $1.96B | $2.97B | $1.72B | $3.18B | $828.0M | $936.7M | $993.5M | $1.00B | $77.3M | $83.2M |
| Property, plant & equipment (net) | $10.2M | $11.5M | $11.6M | $23.5M | $28.9M | $36.5M | $37.8M | $18.2M | $13.9M | $22.2M |
| Goodwill & intangible assets | $106.9M | $109.4M | $49.8M | $98.1M | $49.8M | $49.7M | $49.7M | $43.9M | $44.1M | $44.4M |
| Long-term investments | $2.24B | $2.36B | $2.19B | $2.59B | $2.75B | $2.77B | $2.79B | $2.73B | $2.68B | $2.55B |
| Other non-current assets | $0 | $0 | $0 | $0 | $126.0M | $127.2M | $128.3M | $126.8M | $1.03B | $1.07B |
| Total assets | $3.44B | $3.54B | $3.55B | $3.72B | $3.78B | $3.92B | $4.00B | $3.92B | $3.84B | $3.77B |
| Liabilities | ||||||||||
| Accounts payable | $23.4M | $21.2M | $26.1M | $28.7M | $24.1M | $22.9M | $29.8M | $37.1M | $23.7M | $24.2M |
| Short-term debt | $19.0M | $1.6M | $1.8M | $3.5M | $3.4M | $4.3M | $5.0M | $1.4M | $1.1M | $1.6M |
| Deferred revenue | $391.9M | $402.2M | — | $339.5M | $20.7M | $18.6M | $24.8M | $35.7M | −$1.1M | −$1.6M |
| Total current liabilities | $2.39B | $2.39B | $1.45B | $2.49B | $24.1M | $22.9M | $29.8M | $37.1M | $55.3M | $48.8M |
| Long-term debt | $19.0M | $0 | $100,000 | $200,000 | $22.1M | $24.3M | $23.0M | $20.0M | $20.0M | $32.0M |
| Lease obligations | $3.9M | $4.2M | $5.9M | $13.6M | $16.6M | $19.9M | $17.8M | — | — | — |
| Other long-term liabilities | $73.9M | $81.2M | $2.54B | $279.1M | $116.6M | $136.6M | $131.9M | $149.6M | $2.82B | $2.85B |
| Total liabilities | $2.48B | $2.47B | $2.54B | $2.77B | $2.57B | $2.71B | $2.84B | $2.90B | $2.89B | $2.93B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $600,000 | $600,000 | $600,000 | $600,000 | $411.3M | $404.9M | $397.0M | $389.4M | $381.8M | $600,000 |
| Retained earnings (deficit) | $1.45B | $1.47B | $1.38B | $1.30B | $1.34B | $1.25B | $1.16B | $1.03B | $842.2M | $777.2M |
| Treasury stock | — | — | — | −$627.7M | −$597.3M | −$555.1M | −$455.3M | −$388.2M | −$383.7M | −$383.7M |
| Accumulated other comprehensive income | $7.3M | −$82.5M | −$86.0M | −$138.9M | $60.6M | $115.1M | $65.3M | −$13.7M | $107.4M | $74.5M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $955.7M | $1.07B | $1.01B | $944.2M | $1.21B | $1.21B | $1.17B | $1.02B | $947.7M | $840.6M |
| Key figures | ||||||||||
| Total debt | $38.9M | $4.2M | $5.9M | $196.1M | $25.5M | $28.6M | $28.0M | $21.4M | $21.1M | $33.6M |
| Net cash (debt) | $1.17B | $2.16B | $907.3M | $2.20B | $60.1M | $158.4M | $126.9M | $105.0M | $56.2M | $2.59B |
| Working capital | −$424.6M | $574.2M | $268.1M | $691.7M | $803.9M | $913.8M | $963.7M | $965.5M | $22.0M | $34.4M |
| Tangible book value | $848.8M | $959.3M | $964.1M | $846.1M | $1.16B | $1.16B | $1.12B | $974.3M | $903.6M | $796.2M |
| Book value per share | $39.60 | $42.42 | $38.23 | $34.11 | $42.41 | $40.15 | $35.83 | $30.57 | $28.67 | $25.49 |
| Shares outstanding | 24.1M | 25.2M | 26.5M | 27.7M | 28.6M | 30.2M | 32.5M | 33.3M | 33.1M | 33.0M |
| Current ratio | 0.82 | 1.24 | 1.18 | 1.28 | 34.36 | 40.90 | 33.34 | 27.02 | 1.40 | 1.70 |
| Quick ratio | 0.82 | 1.24 | 1.18 | 1.28 | 34.36 | 40.90 | 33.34 | 27.02 | 17.71 | 72.63 |
| Debt / equity | 0.04 | 0.00 | 0.01 | 0.21 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.04 |
| Equity / assets | 27.8% | 30.2% | 28.6% | 25.4% | 32.1% | 30.9% | 29.1% | 26.0% | 24.7% | 22.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.12B | $1.15B | $1.20B | $1.09B | $1.01B | $1.06B | $2.17B | $991.3M | $856.4M | $855.4M | $913.2M | $155.8M |
| Cash & equivalents | $113.3M | $153.1M | $159.8M | $166.8M | $69.1M | $100.4M | $68.3M | $143.3M | $95.5M | $114.2M | $226.4M | $109.0M |
| Short-term investments | $1.01B | $992.6M | $1.04B | $923.9M | $945.4M | $958.2M | $2.10B | $848.0M | $760.9M | $741.2M | $686.8M | $46.8M |
| Receivables | $332.1M | $755.1M | $758.6M | $776.2M | $805.0M | $804.5M | $799.6M | $378.8M | $838.1M | $824.6M | $807.4M | $814.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$1.69B | −$1.68B | −$1.72B | −$1.45B |
| Other current assets | $1.33B | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $434.8M | $510.1M | $509.2M | $1.72B | $637.4M |
| Total current assets | $2.78B | $1.90B | $1.96B | $1.87B | $1.82B | $1.86B | $2.97B | $1.80B | $510.1M | $509.2M | $1.72B | $155.8M |
| Property, plant & equipment (net) | $9.6M | $10.1M | $10.2M | $11.1M | $10.7M | $11.0M | $11.5M | $11.0M | $11.1M | $11.3M | $11.6M | $16.4M |
| Goodwill & intangible assets | $49.8M | $106.9M | $106.9M | $112.4M | $113.8M | $113.6M | $109.4M | $49.8M | $49.8M | $49.8M | $49.8M | $49.8M |
| Long-term investments | $2.24B | $2.24B | $2.24B | $2.28B | $2.36B | $2.34B | $2.36B | $2.36B | $2.28B | $2.28B | $2.19B | $2.24B |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $700.4M | $710.2M | $0 | $1.06B |
| Total assets | $3.38B | $3.44B | $3.44B | $3.53B | $3.54B | $3.56B | $3.54B | $3.62B | $3.55B | $3.56B | $3.55B | $3.53B |
| Liabilities | ||||||||||||
| Accounts payable | $18.7M | $19.3M | $23.4M | $17.5M | $17.0M | $18.7M | $21.2M | $22.0M | $18.7M | $18.2M | $26.1M | $22.3M |
| Short-term debt | $400,000 | $125.0M | $19.0M | $200,000 | $700,000 | $1.1M | $1.6M | $500,000 | $900,000 | $1.4M | $1.8M | $400,000 |
| Deferred revenue | — | $392.7M | $391.9M | $420.4M | $429.6M | $428.0M | $402.2M | −$22.5M | — | — | — | −$400,000 |
| Total current liabilities | $10.4M | $2.48B | $2.39B | $2.41B | $2.39B | $2.40B | $2.39B | $2.43B | $1.43B | $1.45B | $1.45B | $62.8M |
| Long-term debt | $125.0M | $125.0M | $19.0M | $0 | $0 | $0 | $0 | $100,000 | $0 | $0 | $0 | $40.6M |
| Lease obligations | $3.6M | $3.8M | $3.9M | $4.1M | $3.4M | $3.8M | $4.2M | $4.7M | $5.1M | $5.5M | $5.9M | $5.1M |
| Other long-term liabilities | $2.01B | $0 | $73.9M | $75.3M | $73.3M | $85.2M | $81.2M | $93.6M | $2.10B | $2.54B | $2.54B | $2.50B |
| Total liabilities | $2.52B | $2.57B | $2.48B | $2.49B | $2.46B | $2.48B | $2.47B | $2.52B | $2.53B | $2.54B | $2.54B | $2.61B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 | $418.8M |
| Retained earnings (deficit) | $1.48B | $1.46B | $1.45B | $1.48B | $1.50B | $1.48B | $1.47B | $1.45B | $1.43B | $1.41B | $1.38B | $1.35B |
| Accumulated other comprehensive income | −$12.2M | −$9.0M | $7.3M | −$36.6M | −$53.2M | −$60.7M | −$82.5M | −$45.3M | −$99.0M | −$96.9M | −$86.0M | −$156.6M |
| Total shareholders' equity | $858.8M | $866.5M | $955.7M | $1.04B | $1.08B | $1.08B | $1.07B | $1.09B | $1.02B | $1.02B | $1.01B | $919.0M |
| Key figures | ||||||||||||
| Total debt | $128.6M | $128.8M | $38.9M | $4.1M | $3.4M | $3.8M | $4.2M | $4.7M | $5.2M | $5.5M | $5.9M | $41.0M |
| Net cash (debt) | $990.5M | $1.02B | $1.17B | $1.09B | $1.01B | $1.05B | $2.16B | $986.6M | $851.2M | $849.9M | $907.3M | $114.8M |
| Working capital | $2.77B | −$580.5M | −$424.6M | −$544.8M | −$567.2M | −$532.7M | $574.2M | −$625.3M | −$918.0M | −$936.9M | $268.1M | $93.0M |
| Tangible book value | $809.0M | $759.6M | $848.8M | $926.8M | $969.3M | $962.1M | $959.3M | $1.04B | $973.1M | $969.1M | $964.1M | $869.2M |
| Book value per share | $46.96 | $35.90 | $39.60 | $43.06 | $44.87 | $43.06 | $42.78 | $43.77 | $40.33 | $39.90 | $39.30 | $35.19 |
| Shares outstanding | 18.3M | 24.1M | 24.1M | 24.1M | 24.1M | 25.0M | 25.0M | 25.0M | 25.4M | 25.5M | 25.8M | 26.1M |
| Current ratio | 267.45 | 0.77 | 0.82 | 0.77 | 0.76 | 0.78 | 1.24 | 0.74 | 0.36 | 0.35 | 1.18 | 2.48 |
| Quick ratio | 139.54 | 0.77 | 0.82 | 0.77 | 0.76 | 0.78 | 1.24 | 0.56 | 1.19 | 1.16 | 1.18 | 15.45 |
| Debt / equity | 0.15 | 0.15 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.04 |
| Equity / assets | 25.4% | 25.2% | 27.8% | 29.5% | 30.6% | 30.2% | 30.2% | 30.2% | 28.8% | 28.6% | 28.6% | 26.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
EIG financial position
At the end of fiscal 2025 (December 31, 2025), Employers had total assets of $3.4 billion (down 3.0% from a year earlier), total liabilities of $2.5 billion and shareholders' equity of $955.7 million. It held $1.2 billion in cash and short-term investments against $38.9 million of debt, a net cash position of $1.2 billion. Its current ratio was 0.82. In the latest quarter (ended June 30, 2026) total assets were $3.4 billion and equity $858.8 million.
Related: EIG income statement, EIG cash flow statement, EIG key metrics. See the EIG stock overview for the latest quote and news.
EIG balance sheet FAQ
What are Employers's total assets?
Employers reported total assets of $3.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.5 billion a year earlier.
How much debt does Employers have?
Employers had $38.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.04.
How much cash does Employers have?
Employers held $1.2 billion in cash and short-term investments at the end of fiscal 2025; with $38.9 million of debt that is net cash of $1.2 billion.
What is Employers's book value?
Employers's shareholders' equity (book value) was $955.7 million at the end of fiscal 2025, or $39.60 per share.
What is Employers's current ratio?
Employers had current assets of $2.0 billion and current liabilities of $2.4 billion, a current ratio of 0.82 (current liabilities exceed current assets).
How much goodwill does Employers have?
Employers carried $106.9 million of goodwill and intangible assets, 3.1% of total assets, at the end of fiscal 2025.