SEC FORM 13F-HR

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL
OMB Number:3235-0006
Expires:Oct 31, 2018
Estimated average burden
hours per response:23.8

Report for the Calendar Year or Quarter Ended:03-31-2020
Check here if Amendment  Amendment Number:
This Amendment (Check only one.):  is a restatement.
  adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name:Employers Holdings, Inc.
Address:10375 PROFESSIONAL CIRCLE
RENO, NV  89521
Form 13F File Number:028-17655

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name:Michael S. Paquette
Title:Executive Vice President, Chief Financial Officer
Phone:775-327-2706
Signature, Place, and Date of Signing:
/s/ Michael S. PaquetteRenoNV05-05-2020
[Signature][City, State][Date]
Report Type (Check only one.):
X13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
  13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
  13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers:1
Form 13F Information Table Entry Total:161
Form 13F Information Table Value Total:144,446
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No.Form 13F File NumberName
1028-10981Goldman Sachs Asset Management, L.P.

SEC FORM 13-F Information Table

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number:3235-0006
Expires:Oct 31, 2018
Estimated average burden
hours per response:23.8

COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
JOHNSON CTLS INTL PLSHSG5150210528210,445SH DFND110,44500
CHUBB LIMITEDCOMH1467J1043182,850SH DFND12,85000
LINDE PLCSHSG5494J1038875,125SH DFND15,12500
RAYTHEON COCOM NEW7551115072702,060SH DFND12,06000
AT&T INCCOM00206R1023,243111,268SH DFND1111,26800
AMERICAN EXPRESS COCOM0258161091,24314,521SH DFND114,52100
BRISTOL-MYERS SQUIBBCOM11012210897817,540SH DFND117,54000
CISCO SYS INCCOM17275R1021,37134,874SH DFND134,87400
VERIZON COMMUNICATIOCOM92343V1041,29624,126SH DFND124,12600
DISNEY WALT COCOM DISNEY2546871061,08811,265SH DFND111,26500
SYSCO CORPCOM8718291073908,545SH DFND18,54500
JPMORGAN CHASE & COCOM46625H1004,47349,680SH DFND149,68000
GENERAL MLS INCCOM3703341045019,500SH DFND19,50000
MEDTRONIC PLCSHSG5960L1031,03411,465SH DFND111,46500
GALLAGHER ARTHUR J &COM3635761093314,065SH DFND14,06500
PROLOGIS INC.COM74340W1032743,415SH DFND13,41500
AFLAC INCCOM00105510266519,418SH DFND119,41800
ANTHEM INCCOM0367521031,0924,810SH DFND14,81000
UNITED PARCEL SERVICCL B9113121066987,469SH DFND17,46900
ACCENTURE PLC IRELANSHS CLASS AG1151C1013101,900SH DFND11,90000
WELLS FARGO CO NEWCOM9497461012,00169,720SH DFND169,72000
KEYCORPCOM49326710817316,635SH DFND116,63500
PNC FINL SVCS GROUPCOM6934751052182,273SH DFND12,27300
MICROSOFT CORPCOM5949181048,65554,879SH DFND154,87900
CME GROUP INCCOM12572Q1053552,055SH DFND12,05500
EQUINIX INCCOM29444U700265425SH DFND142500
INTERPUBLIC GROUP COCOM46069010038723,915SH DFND123,91500
NORTHERN TR CORPCOM6658591042513,325SH DFND13,32500
ARCHER DANIELS MIDLACOM0394831021,22634,862SH DFND134,86200
INTL PAPER COCOM46014610357218,376SH DFND118,37600
GARMIN LTDSHSH2906T1092242,985SH DFND12,98500
CROWN CASTLE INTL COCOM22822V1012691,865SH DFND11,86500
COCA COLA COCOM1912161001,18226,701SH DFND126,70100
PEPSICO INCCOM7134481081,45412,154SH DFND112,15400
GENUINE PARTS COCOM3724601052744,070SH DFND14,07000
FIDELITY NATIONAL FIFNF GROUP COM31620R30336214,540SH DFND114,54000
QUALCOMM INCCOM7475251031,09216,146SH DFND116,14600
APPLE INCCOM03783310010,44941,090SH DFND141,09000
UNITED TECHNOLOGIESCOM9130171094775,060SH DFND15,06000
BERKSHIRE HATHAWAY ICL B NEW0846707022,39113,080SH DFND113,08000
MAXIM INTEGRATED PROCOM57772K1012635,415SH DFND15,41500
FRANKLIN RESOURCES ICOM35461310133420,010SH DFND120,01000
UNION PAC CORPCOM9078181082,62118,580SH DFND118,58000
AMERICAN INTL GROUPCOM NEW02687478429812,280SH DFND112,28000
ABBOTT LABSCOM0028241006097,720SH DFND17,72000
PHILLIPS 66COM71854610456910,601SH DFND110,60100
GENERAL MTRS COCOM37045V10047622,925SH DFND122,92500
TARGET CORPCOM87612E1062032,182SH DFND12,18200
AMGEN INCCOM0311621005752,836SH DFND12,83600
CARNIVAL CORPUNIT 99/99/999914365830019014,405SH DFND114,40500
WALGREENS BOOTS ALLICOM9314271084539,905SH DFND19,90500
DUKE ENERGY CORP NEWCOM NEW26441C20483110,280SH DFND110,28000
KOHLS CORPCOM50025510424616,880SH DFND116,88000
UNITEDHEALTH GROUP ICOM91324P1023,73214,965SH DFND114,96500
HONEYWELL INTL INCCOM4385161061,69112,640SH DFND112,64000
ALTRIA GROUP INCCOM02209S1031,05427,262SH DFND127,26200
MERCK & CO. INCCOM58933Y1051,89424,619SH DFND124,61900
LOCKHEED MARTIN CORPCOM5398301097382,177SH DFND12,17700
AIR PRODS & CHEMS INCOM0091581061,1735,877SH DFND15,87700
SOUTHERN COCOM84258710772013,290SH DFND113,29000
STRYKER CORPCOM8636671011,4378,630SH DFND18,63000
DEERE & COCOM2441991057065,110SH DFND15,11000
FORD MTR CO DELCOM345370860572118,450SH DFND1118,45000
COMCAST CORP NEWCL A20030N1012,16963,095SH DFND163,09500
INTERNATIONAL BUSINECOM4592001011,55514,015SH DFND114,01500
PROCTER & GAMBLE COCOM7427181092,23720,335SH DFND120,33500
JOHNSON & JOHNSONCOM4781601043,13623,917SH DFND123,91700
CITIZENS FINANCIAL GCOM17461010531616,805SH DFND116,80500
CUMMINS INCCOM2310211064613,404SH DFND13,40400
VISA INCCOM CL A92826C8391,3808,564SH DFND18,56400
KRAFT HEINZ COCOM50075410657723,320SH DFND123,32000
CARDINAL HEALTH INCCOM14149Y1083487,261SH DFND17,26100
CVS HEALTH CORPCOM12665010085214,360SH DFND114,36000
BUNGE LIMITEDCOMG169621052425,890SH DFND15,89000
DOMINION ENERGY INCCOM25746U1091,07714,925SH DFND114,92500
CHEVRON CORP NEWCOM1667641001,92826,605SH DFND126,60500
TRAVELERS COMPANIESCOM89417E1096536,573SH DFND16,57300
EBAY INCCOM2786421032929,705SH DFND19,70500
ALLERGAN PLCSHSG0177J1084732,671SH DFND12,67100
WALMART INCCOM9311421036305,541SH DFND15,54100
TEXAS INSTRS INCCOM8825081041,18911,903SH DFND111,90300
ILLINOIS TOOL WKS INCOM4523081092681,885SH DFND11,88500
PFIZER INCCOM7170811031,58548,553SH DFND148,55300
HARTFORD FINL SVCS GCOM41651510441611,795SH DFND111,79500
TE CONNECTIVITY LTDREG SHSH849891042223,530SH DFND13,53000
ANNALY CAPITAL MANAGCOM0357104096813,390SH DFND113,39000
HUNTINGTON BANCSHARECOM44615010446556,585SH DFND156,58500
ORACLE CORPCOM68389X1051,05621,852SH DFND121,85200
US BANCORP DELCOM NEW90297330458116,872SH DFND116,87200
GENERAL ELECTRIC COCOM36960410320726,075SH DFND126,07500
CENTERPOINT ENERGY ICOM15189T10720413,235SH DFND113,23500
GILEAD SCIENCES INCCOM3755581037199,620SH DFND19,62000
AUTOMATIC DATA PROCECOM0530151037335,365SH DFND15,36500
AMERICAN TOWER CORPCOM03027X1006643,050SH DFND13,05000
BANK NEW YORK MELLONCOM0640581003179,404SH DFND19,40400
EXXON MOBIL CORPCOM30231G1021,34235,345SH DFND135,34500
INTEL CORPCOM4581401002,16740,035SH DFND140,03500
3M COCOM88579Y1011,1718,579SH DFND18,57900
FASTENAL COCOM31190010435811,470SH DFND111,47000
VEREIT INCCOM92339V1005811,850SH DFND111,85000
KINDER MORGAN INC DECOM49456B10122916,420SH DFND116,42000
PAYCHEX INCCOM70432610764710,280SH DFND110,28000
NORFOLK SOUTHERN CORCOM6558441082431,665SH DFND11,66500
METLIFE INCCOM59156R10872823,810SH DFND123,81000
BOEING COCOM0970231056014,030SH DFND14,03000
EATON CORP PLCSHSG291831033935,055SH DFND15,05500
AMCOR PLCORDG0250X10713516,605SH DFND116,60500
PPL CORPCOM69351T10697039,300SH DFND139,30000
D R HORTON INCCOM23331A1092296,740SH DFND16,74000
VIACOMCBS INCCL B92556H20627719,784SH DFND119,78400
TRUIST FINL CORPCOM89832Q10941013,290SH DFND113,29000
FIDELITY NATL INFORMCOM31620M1063142,580SH DFND12,58000
CIGNA CORP NEWCOM1255231002651,496SH DFND11,49600
THERMO FISHER SCIENTCOM8835561026832,410SH DFND12,41000
NIKE INCCL B6541061031,61219,480SH DFND119,48000
NORTHROP GRUMMAN CORCOM6668071026312,085SH DFND12,08500
ENTERGY CORP NEWCOM29364G1032182,325SH DFND12,32500
CONOCOPHILLIPSCOM20825C10461219,861SH DFND119,86100
SYNCHRONY FINLCOM87165B10318911,765SH DFND111,76500
SEMPRA ENERGYCOM8168511093022,670SH DFND12,67000
TJX COS INC NEWCOM87254010960612,680SH DFND112,68000
CHARTER COMMUNICATIOCL A16119P108259594SH DFND159400
ALLSTATE CORPCOM0200021012502,720SH DFND12,72000
COSTCO WHSL CORP NEWCOM22160K1051,0563,705SH DFND13,70500
EXELON CORPCOM30161N10147112,800SH DFND112,80000
MONDELEZ INTL INCCL A6092071053867,704SH DFND17,70400
NVIDIA CORPCOM67066G1048013,040SH DFND13,04000
FACEBOOK INCCL A30303M1021,5139,073SH DFND19,07300
MICRON TECHNOLOGY INCOM5951121032275,395SH DFND15,39500
DANAHER CORPORATIONCOM2358511022,05114,815SH DFND114,81500
INTUITCOM4612021033911,700SH DFND11,70000
BK OF AMERICA CORPCOM0605051041,29060,750SH DFND160,75000
BERKSHIRE HATHAWAY ICL A0846701085442SH DFND1200
AMAZON COM INCCOM0231351063,3341,710SH DFND11,71000
FORTIVE CORPCOM34959J10893917,020SH DFND117,02000
CABOT OIL & GAS CORPCOM12709710324414,200SH DFND114,20000
BEST BUY INCCOM0865161013365,900SH DFND15,90000
BIOGEN INCCOM09062X1034751,500SH DFND11,50000
PAYPAL HLDGS INCCOM70450Y1035655,900SH DFND15,90000
STARBUCKS CORPCOM8552441091,06016,125SH DFND116,12500
MOTOROLA SOLUTIONS ICOM NEW6200763072321,742SH DFND11,74200
PARKER HANNIFIN CORPCOM7010941042071,595SH DFND11,59500
FISERV INCCOM3377381083043,200SH DFND13,20000
PPG INDS INCCOM6935061077198,600SH DFND18,60000
YUM BRANDS INCCOM9884981014867,095SH DFND17,09500
S&P GLOBAL INCCOM78409V1044171,700SH DFND11,70000
NETFLIX INCCOM64110L1066761,800SH DFND11,80000
SALESFORCE COM INCCOM79466L3024323,000SH DFND13,00000
NEXTERA ENERGY INCCOM65339F1015572,315SH DFND12,31500
PHILIP MORRIS INTL ICOM71817210978110,700SH DFND110,70000
INTUITIVE SURGICAL ICOM NEW46120E602446900SH DFND190000
ALPHABET INCCAP STK CL C02079K1071,5151,303SH DFND11,30300
AMERIPRISE FINL INCCOM03076C1063553,466SH DFND13,46600
ABBVIE INCCOM00287Y10997212,755SH DFND112,75500
MCDONALDS CORPCOM5801351015553,355SH DFND13,35500
ALPHABET INCCAP STK CL A02079K3051,5111,300SH DFND11,30000
AUTOZONE INCCOM053332102482570SH DFND157000
WHIRLPOOL CORPCOM9633201062192,550SH DFND12,55000
CENTURYLINK INCCOM15670010612312,970SH DFND112,97000
MASTERCARD INCCL A57636Q1044191,735SH DFND11,73500
COLONY CAP INC NEWCL A COM19626G1083017,365SH DFND117,36500