Financial Data and Key Metrics Changes - The fourth quarter contributed to the highest levels of written and earned premium, enforced premium, policies, and net investment income in the company's history [9] - Gross written premium excluding final audit premiums increased by 3% in Q4 and 6% for the full year [10] - Net premiums earned were $190 million for the quarter and $750 million for the year, representing increases of 1% and 4% respectively [16] - The combined ratio for Q4 was 95.5% excluding LTT, and for the full year, it was 98.6% excluding LPT, marking the tenth consecutive year of underwriting profit [11] - The underwriting and general administrative expense ratio for Q4 was 23.2%, down from 24.6% a year ago, and for the full year, it was 23.5%, down from 24.9% [12][20] - Net investment income for Q4 was $27 million, up from $26 million a year ago, and for the full year, it was $107 million, consistent with the previous year [21] Business Line Data and Key Metrics Changes - The company achieved solid growth in new and renewal premiums, offset by lower final audit premiums and endorsements [10] - The company recognized $9 million of favorable prior year loss reserve development during Q4, down from $25 million a year ago [16] Market Data and Key Metrics Changes - The company anticipates an increase in the 2025 accident year loss and LAE ratio for voluntary business due to a competitive rate environment [13] - The current accident year loss and LAE ratio for 2024 was set at 64%, slightly higher than 63.3% for 2023 [36] Company Strategy and Development Direction - The company plans to continue pursuing profitable growth opportunities through disciplined underwriting and claims management, and expanding into new risk segments [28] - The company is focusing on increasing digital partnerships and API utilization for submissions, quotes, and binds [53] Management's Comments on Operating Environment and Future Outlook - Management noted that the competitive rate environment and prudent reserving philosophy influenced the decision to increase the loss pick for 2025 [36] - The company expressed confidence in its strong capital position to support growth and innovation initiatives [29] Other Important Information - The company repurchased $10 million of common stock in Q4 and an additional $11 million since year-end [25] - AM Best upgraded the financial strength ratings of the company's insurance companies to A [28] Q&A Session Summary Question: Can you give us a sense of the magnitude of the change in the loss pick for the current accident year? - Management explained that the current accident year loss and LAE ratio is determined annually based on various factors, including pricing environment and growth prospects [34] Question: Is one to think the 70 basis points uptick in 2024 is a good starting point for 2025? - Management stated that they do not provide specific guidance but expect the decrease in the expense ratio to offset the increase in the loss and LAE ratio [39] Question: What trends are driving the higher actuarial trend selection? - Management indicated that frequency has been trending downward, and overall claim severity values have remained steady, with medical inflation being relatively mild [44] Question: Can you describe the increase in the higher hazard groups? - Management noted that the shift into higher hazard groups is tied to appetite expansion efforts and that they are being cautious in selecting risks [66] Question: Was the $9 million favorable development related to any particular accident years? - Management confirmed that it was predominantly related to accident years 2020 and prior [71]

Core Viewpoint - Employers Holdings (EIG) reported a decline in revenue and earnings per share (EPS) for the quarter ended December 2024, indicating potential challenges in financial performance compared to the previous year and market expectations [1]. Financial Performance - Revenue for the quarter was $216.6 million, down 4% year-over-year, and below the Zacks Consensus Estimate of $221.18 million by 2.07% [1]. - EPS was reported at $1.15, a decrease from $1.40 in the same quarter last year, but exceeded the consensus estimate of $1.08 by 6.48% [1]. - The combined ratio was 95.5%, better than the average estimate of 96.3% from two analysts [4]. - The loss and LAE (Loss Adjustment Expense) ratio was reported at 59.5%, slightly above the estimated 59.4% [4]. Revenue Breakdown - Net premiums earned were $190.20 million, compared to the average estimate of $193.49 million, reflecting a year-over-year increase of 1.4% [4]. - Net investment income was reported at $26.70 million, below the average estimate of $27.64 million, but showed a year-over-year increase of 1.9% [4]. Stock Performance - Shares of Employers Holdings have returned -0.1% over the past month, contrasting with the Zacks S&P 500 composite's increase of 2.6% [3]. - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3].

Group 1 - Employers Holdings (EIG) reported quarterly earnings of $1.15 per share, exceeding the Zacks Consensus Estimate of $1.08 per share, but down from $1.40 per share a year ago, representing an earnings surprise of 6.48% [1] - The company posted revenues of $216.6 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 2.07%, and down from $225.7 million year-over-year [2] - Over the last four quarters, Employers Holdings has surpassed consensus EPS estimates three times, but has topped consensus revenue estimates only once [2] Group 2 - The stock has underperformed the market, losing about 4.2% since the beginning of the year compared to the S&P 500's gain of 4.5% [3] - The current consensus EPS estimate for the coming quarter is $0.72 on revenues of $220.53 million, and for the current fiscal year, it is $3.63 on revenues of $895.74 million [7] - The Zacks Industry Rank for Insurance - Accident and Health is currently in the top 22% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Performance - Gross premiums written for Q4 2024 were $176.3 million, a decrease of 1% from $178.2 million in Q4 2023[4] - Net income for Q4 2024 was $28.3 million, down 38% from $45.6 million in Q4 2023[4] - Net premiums earned increased by 1% to $190.2 million in Q4 2024 from $187.5 million in Q4 2023[4] - Total revenues for the year ended December 31, 2024, were $880.7 million, compared to $850.9 million in 2023, reflecting a growth of 3%[9] - Adjusted net income for the year ended December 31, 2024, was $94.0 million, down from $101.7 million in 2023[11] - Net income for the three months ended December 31, 2024, was $28.3 million, a decrease from $45.6 million in the same period of 2023[11] - Adjusted net income for the three months ended December 31, 2024, was $28.7 million, compared to $36.1 million in 2023, reflecting a decrease of 20.5%[22] - Net income excluding the LPT Agreement for the year ended December 31, 2024, was $113.0 million, up from $110.9 million in 2023, a growth of 1.9%[22] Underwriting Performance - The combined ratio excluding LPT for Q4 2024 was 95.5%, compared to 88.8% in Q4 2023, indicating a deterioration in underwriting performance[4] - The GAAP combined ratio for the three months ended December 31, 2024, was 95.5%, compared to 88.1% in the same period of 2023[13] - Losses and LAE incurred for the year ended December 31, 2024, totaled $456.2 million, an increase from $405.7 million in 2023[13] Shareholder Metrics - Cash dividends declared per share increased by 7% to $0.30 in Q4 2024 from $0.28 in Q4 2023[4] - Basic earnings per share (EPS) decreased to $1.14 in Q4 2024 from $1.78 in Q4 2023, a decline of 36%[22] - Cash dividends declared per share rose to $1.18 in 2024 from $1.10 in 2023, an increase of 7.3%[19] - Book value per share rose to $43.52 in Q4 2024, up 9% from $39.96 in Q4 2023[7] - Book value per share increased by 11.9% year-to-date, reaching $43.52 in 2024 compared to $39.96 in 2023[19] - Adjusted book value per share increased to $50.71 in 2024 from $47.26 in 2023, marking a growth of 9.8%[19] - Stockholders' equity increased by 5% to $1,068.7 million as of December 31, 2024, compared to $1,013.9 million in 2023[7] - Stockholders' equity at the end of the period was $1,068.7 million, unchanged from the previous year[11] - Stockholders' equity increased to $1,068.7 million in 2024 from $1,013.9 million in 2023, representing a growth of 5.4%[19] - The average stockholders' equity for the year ended December 31, 2024, was $1,041.3 million, compared to $979.1 million in 2023[11] Investment Performance - Net investment income for the year ended December 31, 2024, was $107.0 million, slightly up from $106.5 million in 2023[4] - Total investments and cash as of December 31, 2024, amounted to $2,532.4 million, slightly up from $2,504.7 million in 2023[17] - The weighted average ending book yield on fixed income securities, cash, and cash equivalents was 4.5% as of December 31, 2024[17] Other Metrics - The impact of the LPT Agreement on net income was minimal, with a contribution of $0.1 million in Q4 2024 compared to a loss of $1.2 million in Q4 2023[22] - Deferred Gain decreased slightly to $94.0 million in 2024 from $99.2 million in 2023, a decline of 5.2%[19] - The net unpaid losses and LAE at the end of the period was $1,395.8 million, consistent with the previous year[15] - Average common shares outstanding (basic) decreased to 24,725,425 in Q4 2024 from 25,645,821 in Q4 2023, a reduction of 3.6%[22]

Core Insights - Employers Holdings, Inc. reported record financial results for the fourth quarter and full year 2024, achieving the highest levels of written and earned premium, in-force premium, policies, and net investment income in the company's history [2][3]. Financial Performance - Full-year 2024 net income was $118.6 million ($4.71 per diluted share), compared to $118.1 million ($4.45 per diluted share) in 2023, reflecting a slight increase [4]. - Adjusted net income for 2024 was $94.0 million ($3.73 per diluted share), down from $101.7 million ($3.83 per diluted share) in 2023 [4]. - Gross premiums written for the fourth quarter were $176.3 million, a decrease of 1% from $178.2 million in the same quarter of 2023 [8]. - Net premiums earned increased by 1% to $190.2 million in the fourth quarter compared to $187.5 million in the previous year [8]. - The company recognized $24.1 million of after-tax unrealized gains from common stocks and other investments [3]. Loss Ratios and Underwriting - The current accident year loss and LAE ratio on voluntary business was 64.0%, slightly above the previous year's ratio [3]. - The GAAP combined ratio for the fourth quarter was 97.9%, compared to 95.0% in the same quarter of 2023 [4]. - The ex-LPT combined ratio for the fourth quarter was 95.5%, while the full-year ratio was 98.6% [3][4]. Investment Performance - Net investment income for the fourth quarter was $26.7 million, an increase of 2% from $26.2 million in the previous year [12]. - The company reported total assets of $3,541.3 million as of December 31, 2024, compared to $3,550.4 million at the end of 2023 [34]. Shareholder Returns - The company returned $71.7 million to shareholders through share repurchases and dividends in 2024 [4]. - A first-quarter dividend of $0.30 per share was declared, payable on March 19, 2025 [17]. Operational Efficiency - Total underwriting expenses decreased by 5% to $68.6 million, primarily due to lower IT expenses from the Cerity integration [10]. - The company continues to focus on expanding its appetite, increasing self-service options, and enhancing operational efficiencies for 2025 [6]. Market Position - Employers Holdings, Inc. operates as a specialty provider of workers' compensation insurance, primarily targeting small and mid-sized businesses in low-to-medium hazard industries [24]. - The company has received an upgrade to its AM Best Financial Strength Rating to "A" (Excellent), indicating strong market positioning [5].

Core Points - Konica Minolta Business Solutions U.S.A., Inc. has been recognized as one of America's Best Large Employers for 2025 by Forbes in collaboration with Statista [1][6] - The selection process involved an independent survey of over 217,000 U.S. employees from companies with at least 1,000 employees, considering more than 6.5 million employer evaluations [2] Company Culture and Values - The recognition reflects the commitment of Konica Minolta's employees to innovation, teamwork, and making a meaningful impact, emphasizing the importance of a culture where every voice is valued [3][4] - The company promotes inclusivity, diversity, and equal opportunity, ensuring a welcoming workplace for individuals of all identities and backgrounds [4][5] Employee Development and Well-being - Konica Minolta prioritizes employee well-being, offering growth opportunities, benefits, and a healthy work-life balance, which motivates employees to thrive [4] - The company is dedicated to continuous investment in its workforce through active learning and upskilling initiatives [4] Company Background and Offerings - Konica Minolta has a 150-year history focused on innovation for societal good, aiming to support clients in their digital transformation [6] - The company provides a range of business technology solutions, including IT services, intelligent information management, and managed print services [6]

RUTLAND, Vt., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, has been named to Forbes “America’s Best Midsize Employers” list for 2025. Casella was the only company in the waste, recycling, and resource management services industry—and the only company headquartered in Vermont—to be recognized among the nearly 500 organizations. Forbes partnered with market research firm Statista to survey more than 2 ...

Core Insights - Myriad Genetics, Inc. has been recognized on Forbes' list of America's Best Employers 2025, highlighting its status as a leader in genetic and genomic tumor testing and precision medicine [1] - The company received positive feedback from its employees, with 84% stating it is a Great Place To Work, which is 27 percentage points higher than the average U.S. company [2] Company Overview - Myriad Genetics is dedicated to advancing health and well-being through genetic testing that assesses disease risk and guides treatment decisions, ultimately improving patient care and reducing healthcare costs [6] - The company emphasizes innovation and teamwork, aiming to empower individuals by revealing genetic insights [2] Survey Methodology - The Forbes and Statista selection process for America's Best Employers involved an independent survey of over 217,000 U.S. employees from companies with at least 1,000 employees, considering more than 6.5 million employer evaluations [3]

Core Insights - Robert Half has been recognized by Forbes as one of America's Best Large Employers for 2025, highlighting its strong employee satisfaction and workplace culture [1][2]. Company Overview - Robert Half is the world's first and largest specialized talent solutions and business consulting firm, providing contract talent and permanent placement solutions across various fields including finance, accounting, technology, marketing, legal, and administrative support [4]. - The company also owns Protiviti, a global consulting firm that offers internal audit, risk, and business consulting solutions [4]. Employee Experience - The company offers flexible work options, competitive benefits, wellness offerings, and employee network groups, contributing to a positive work environment [3]. - Robert Half has been recognized for its commitment to employee development and workplace well-being, being named a Fortune Most Admired Company for 28 consecutive years and receiving accolades as a World's Best Employer and a Best Employer for Women [3]. Survey Methodology - The ranking by Forbes is based on an independent survey of approximately 217,000 workers from companies with 5,000 or more employees in the U.S., assessing factors such as compensation, advancement opportunities, and workplace flexibility [2].

MONROE, Mich., Feb. 13, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, announced today that it has been recognized as one of America's Best Large Employers by Forbes for 2025. The list, produced in partnership with market research firm Statista, recognizes companies that excel across a broad spectrum of industries in six key dimensions: atmosphere and development, salary/wage, image, diversity, working conditions, and workp ...