2011 Q1 Form 10-Q Financial Statement
#000137904111000015 Filed on May 05, 2011
Income Statement
Concept | 2011 Q1 | 2010 Q1 |
---|---|---|
Revenue | $103.3M | $101.1M |
YoY Change | 2.16% | -23.94% |
Cost Of Revenue | $59.42M | $40.29M |
YoY Change | 47.49% | |
Gross Profit | $43.85M | $60.80M |
YoY Change | -27.87% | |
Gross Profit Margin | 42.46% | 60.14% |
Selling, General & Admin | $1.000M | $1.500M |
YoY Change | -33.33% | -25.0% |
% of Gross Profit | 2.28% | 2.47% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $1.841M | $1.982M |
YoY Change | -7.11% | -33.93% |
% of Gross Profit | 4.2% | 3.26% |
Operating Expenses | $97.31M | $85.52M |
YoY Change | 13.79% | -23.16% |
Operating Profit | -$53.46M | -$24.72M |
YoY Change | 116.24% | |
Interest Expense | $917.0K | -$1.600M |
YoY Change | -157.31% | -20.0% |
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $5.965M | $15.57M |
YoY Change | -61.68% | -20.98% |
Income Tax | -$2.380M | -$530.0K |
% Of Pretax Income | -39.9% | -3.4% |
Net Earnings | $8.345M | $16.10M |
YoY Change | -48.16% | -22.98% |
Net Earnings / Revenue | 8.08% | 15.92% |
Basic Earnings Per Share | $0.22 | $0.38 |
Diluted Earnings Per Share | $0.21 | $0.38 |
COMMON SHARES | ||
Basic Shares Outstanding | 38.67M shares | |
Diluted Shares Outstanding | 38.88M shares |
Balance Sheet
Concept | 2011 Q1 | 2010 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | $167.2M | $187.6M |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $5.000M | $10.40M |
YoY Change | -51.92% | 7.22% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $11.09M | $13.70M |
YoY Change | -19.05% | 3.79% |
Goodwill | $36.19M | |
YoY Change | ||
Intangibles | $12.88M | |
YoY Change | ||
Long-Term Investments | $2.026B | $2.027B |
YoY Change | -0.08% | -2.68% |
Other Assets | $52.40M | $36.40M |
YoY Change | 43.96% | -48.07% |
Total Long-Term Assets | $3.474B | $3.641B |
YoY Change | -4.58% | -3.04% |
TOTAL ASSETS | ||
Total Short-Term Assets | $5.000M | $10.40M |
Total Long-Term Assets | $3.474B | $3.641B |
Total Assets | $3.479B | $3.652B |
YoY Change | -4.71% | -3.01% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $18.20M | $18.80M |
YoY Change | -3.19% | -8.74% |
Accrued Expenses | $20.10M | $21.10M |
YoY Change | -4.74% | 50.71% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $43.30M | $48.30M |
YoY Change | -10.35% | 11.55% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $132.0M | $132.0M |
YoY Change | 0.0% | -27.47% |
Other Long-Term Liabilities | $383.0M | $409.2M |
YoY Change | -6.4% | -5.5% |
Total Long-Term Liabilities | $515.0M | $541.2M |
YoY Change | -4.84% | -12.0% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $43.30M | $48.30M |
Total Long-Term Liabilities | $515.0M | $541.2M |
Total Liabilities | $2.994B | $3.142B |
YoY Change | -4.74% | -4.91% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $325.4M | |
YoY Change | ||
Common Stock | $315.9M | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $236.7M | |
YoY Change | ||
Treasury Stock Shares | 15.31M shares | |
Shareholders Equity | $485.8M | $509.2M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $3.479B | $3.652B |
YoY Change | -4.71% | -3.01% |
Cashflow Statement
Concept | 2011 Q1 | 2010 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $8.345M | $16.10M |
YoY Change | -48.16% | -22.98% |
Depreciation, Depletion And Amortization | $1.841M | $1.982M |
YoY Change | -7.11% | -33.93% |
Cash From Operating Activities | $5.315M | $2.117M |
YoY Change | 151.06% | -93.13% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$900.0K | -$800.0K |
YoY Change | 12.5% | -38.46% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $53.30M | $5.200M |
YoY Change | 925.0% | -120.23% |
Cash From Investing Activities | $52.44M | $4.410M |
YoY Change | 1089.07% | -116.33% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $8.591M | $4.381M |
YoY Change | 96.1% | -132.69% |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$10.35M | -$7.807M |
YoY Change | 32.53% | -52.1% |
NET CHANGE | ||
Cash From Operating Activities | $5.315M | $2.117M |
Cash From Investing Activities | $52.44M | $4.410M |
Cash From Financing Activities | -$10.35M | -$7.807M |
Net Change In Cash | $47.41M | -$1.280M |
YoY Change | -3803.59% | -89.76% |
FREE CASH FLOW | ||
Cash From Operating Activities | $5.315M | $2.117M |
Capital Expenditures | -$900.0K | -$800.0K |
Free Cash Flow | $6.215M | $2.917M |
YoY Change | 113.06% | -90.91% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2010Q4 | eig |
Available For Sale Equity Securities At Cost
AvailableForSaleEquitySecuritiesAtCost
|
49281000000 | USD |
CY2011Q1 | eig |
Available For Sale Equity Securities At Cost
AvailableForSaleEquitySecuritiesAtCost
|
49500000000 | USD |
CY2011Q1 | eig |
Cash Transactions Related To Stock Based Compensation
CashTransactionsRelatedToStockBasedCompensation
|
-554000 | USD |
CY2010Q1 | eig |
Cash Transactions Related To Stock Based Compensation
CashTransactionsRelatedToStockBasedCompensation
|
871000 | USD |
CY2010Q4 | eig |
Commisions And Premium Taxes Payable
CommisionsAndPremiumTaxesPayable
|
17313000 | USD |
CY2011Q1 | eig |
Commisions And Premium Taxes Payable
CommisionsAndPremiumTaxesPayable
|
20125000 | USD |
CY2010Q4 | eig |
Deferred Reinsurance Gain Lpt Agreement
DeferredReinsuranceGainLptAgreement
|
370341000 | USD |
CY2011Q1 | eig |
Deferred Reinsurance Gain Lpt Agreement
DeferredReinsuranceGainLptAgreement
|
365822000 | USD |
CY2011Q1 | eig |
Deferred Reinsurance Gain Lpt Agreement Cfs
DeferredReinsuranceGainLptAgreementCfs
|
4519000 | USD |
CY2010Q1 | eig |
Deferred Reinsurance Gain Lpt Agreement Cfs
DeferredReinsuranceGainLptAgreementCfs
|
4350000 | USD |
CY2010Q1 | eig |
Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
|
31000 | USD |
CY2011Q1 | eig |
Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
|
-5628000 | USD |
CY2010Q1 | eig |
Net Realized Losses On Investments Before Credit Related Impairments On Fixed Maturity Securities
NetRealizedLossesOnInvestmentsBeforeCreditRelatedImpairmentsOnFixedMaturitySecurities
|
540000 | USD |
CY2011Q1 | eig |
Net Realized Losses On Investments Before Credit Related Impairments On Fixed Maturity Securities
NetRealizedLossesOnInvestmentsBeforeCreditRelatedImpairmentsOnFixedMaturitySecurities
|
234000 | USD |
CY2010Q1 | eig |
Other Than Temporary Impairment Credit Losses Recognized In Earnings
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarnings
|
0 | USD |
CY2011Q1 | eig |
Other Than Temporary Impairment Credit Losses Recognized In Earnings
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarnings
|
0 | USD |
CY2010Q1 | eig |
Portion Of Imparment Recognized In Other Comprehensive Income
PortionOfImparmentRecognizedInOtherComprehensiveIncome
|
0 | USD |
CY2011Q1 | eig |
Portion Of Imparment Recognized In Other Comprehensive Income
PortionOfImparmentRecognizedInOtherComprehensiveIncome
|
0 | USD |
CY2010Q4 | eig |
Total Claims And Policy Liabilities
TotalClaimsAndPolicyLiabilities
|
2434432000 | USD |
CY2011Q1 | eig |
Total Claims And Policy Liabilities
TotalClaimsAndPolicyLiabilities
|
2440275000 | USD |
CY2011Q1 | eig |
Unpaid Losses Less Allowance
UnpaidLossesLessAllowance
|
946621000 | USD |
CY2010Q4 | eig |
Unpaid Losses Less Allowance
UnpaidLossesLessAllowance
|
956043000 | USD |
CY2011Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2011Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2011Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2011Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2011 | |
CY2011Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2011-03-31 | |
CY2011Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2011Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001379041 | |
CY2011Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
38561537 | shares |
CY2011Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2011Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
CY2011Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
Employers Holdings, Inc. | |
CY2011Q1 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2011Q1 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | |
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Accounts Payable And Accrued Liabilities Current And Noncurrent
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|
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Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
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Accretion Amortization Of Discounts And Premiums Investments
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|
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|
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CY2010Q4 | us-gaap |
Accrued Investment Income Receivable
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|
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Accrued Investment Income Receivable
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|
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Accumulated Other Comprehensive Income Loss Net Of Tax
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|
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Assets
Assets
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Assets
Assets
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|
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|
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|
0.06 | |
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Common Stock Par Or Stated Value Per Share
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|
0.01 | |
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Common Stock Par Or Stated Value Per Share
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|
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Common Stock Value
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Deferred Income Tax Expense Benefit
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|
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|
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|
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|
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|
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Goodwill
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|
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Goodwill
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|
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Liabilities
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|
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CY2011Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
52438000 | USD |
CY2010Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2117000 | USD |
CY2011Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
5315000 | USD |
CY2011Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8345000 | USD |
CY2010Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
16097000 | USD |
CY2010Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
21255000 | USD |
CY2011Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
20493000 | USD |
CY2010Q4 | us-gaap |
Notes Payable
NotesPayable
|
132000000 | USD |
CY2011Q1 | us-gaap |
Notes Payable
NotesPayable
|
132000000 | USD |
CY2011Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
97309000 | USD |
CY2010Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
85519000 | USD |
CY2010Q4 | us-gaap |
Other Assets
OtherAssets
|
20136000 | USD |
CY2011Q1 | us-gaap |
Other Assets
OtherAssets
|
21032000 | USD |
CY2011Q1 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
917000 | USD |
CY2010Q1 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
1580000 | USD |
CY2010Q1 | us-gaap |
Other Income
OtherIncome
|
0 | USD |
CY2011Q1 | us-gaap |
Other Income
OtherIncome
|
120000 | USD |
CY2011Q1 | us-gaap |
Other Liabilities
OtherLiabilities
|
17160000 | USD |
CY2010Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
17317000 | USD |
CY2011Q1 | us-gaap |
Other Underwriting Expense
OtherUnderwritingExpense
|
25678000 | USD |
CY2010Q1 | us-gaap |
Other Underwriting Expense
OtherUnderwritingExpense
|
32267000 | USD |
CY2010Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
4381000 | USD |
CY2011Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
8591000 | USD |
CY2011Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
2310000 | USD |
CY2010Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
2555000 | USD |
CY2010Q1 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
36433000 | USD |
CY2011Q1 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
23925000 | USD |
CY2010Q1 | us-gaap |
Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
|
455000 | USD |
CY2011Q1 | us-gaap |
Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
|
1054000 | USD |
CY2011Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
863000 | USD |
CY2010Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
764000 | USD |
CY2011Q1 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
59421000 | USD |
CY2010Q1 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
40288000 | USD |
CY2010Q1 | us-gaap |
Policyholder Dividends
PolicyholderDividends
|
1479000 | USD |
CY2011Q1 | us-gaap |
Policyholder Dividends
PolicyholderDividends
|
1012000 | USD |
CY2011Q1 | us-gaap |
Policyholder Dividends Payable
PolicyholderDividendsPayable
|
4965000 | USD |
CY2010Q4 | us-gaap |
Policyholder Dividends Payable
PolicyholderDividendsPayable
|
5218000 | USD |
CY2011Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2010Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2011Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
25000000 | shares |
CY2010Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
25000000 | shares |
CY2011Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2010Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2010Q4 | us-gaap |
Preferred Stock Value Outstanding
PreferredStockValueOutstanding
|
0 | USD |
CY2011Q1 | us-gaap |
Preferred Stock Value Outstanding
PreferredStockValueOutstanding
|
0 | USD |
CY2011Q1 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
82427000 | USD |
CY2010Q1 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
79291000 | USD |
CY2011Q1 | us-gaap |
Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
|
129782000 | USD |
CY2010Q4 | us-gaap |
Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
|
109987000 | USD |
CY2010Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
20354000 | USD |
CY2011Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
49457000 | USD |
CY2011Q1 | us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
22099000 | USD |
CY2010Q1 | us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
21171000 | USD |
CY2010Q1 | us-gaap |
Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
|
568000 | USD |
CY2011Q1 | us-gaap |
Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
|
1096000 | USD |
CY2010Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
11712000 | USD |
CY2011Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
11090000 | USD |
CY2011Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-599000 | USD |
CY2010Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
365000 | USD |
CY2011Q1 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
234000 | USD |
CY2010Q1 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
540000 | USD |
CY2010Q4 | us-gaap |
Reinsurance Recoverables
ReinsuranceRecoverables
|
14415000 | USD |
CY2011Q1 | us-gaap |
Reinsurance Recoverables
ReinsuranceRecoverables
|
12418000 | USD |
CY2011Q1 | us-gaap |
Reserve For Losses And Loss Adjustment Expenses
ReserveForLossesAndLossAdjustmentExpenses
|
2267739000 | USD |
CY2010Q4 | us-gaap |
Reserve For Losses And Loss Adjustment Expenses
ReserveForLossesAndLossAdjustmentExpenses
|
2279729000 | USD |
CY2010Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
16949000 | USD |
CY2011Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
11321000 | USD |
CY2011Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
325372000 | USD |
CY2010Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
319341000 | USD |
CY2010Q1 | us-gaap |
Revenues
Revenues
|
101086000 | USD |
CY2011Q1 | us-gaap |
Revenues
Revenues
|
103274000 | USD |
CY2011Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
640000 | USD |
CY2010Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
865000 | USD |
CY2010Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
490116000 | USD |
CY2011Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
485758000 | USD |
CY2011Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
15311528 | shares |
CY2010Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
14813992 | shares |
CY2011Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
236699000 | USD |
CY2010Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
228108000 | USD |
CY2010Q4 | us-gaap |
Unearned Premiums
UnearnedPremiums
|
149485000 | USD |
CY2011Q1 | us-gaap |
Unearned Premiums
UnearnedPremiums
|
167571000 | USD |