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:12-31-2020
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. PaquetteRenoNV02-08-2021
[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:146
Form 13F Information Table Value Total:165,864
(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
LINDE PLCSHSG5494J1039503,605SH DFND13,60500
AT&T INCCOM00206R1022,18475,955SH DFND175,95500
KEURIG DR PEPPER INCCOM49271V1002537,905SH DFND17,90500
BRISTOL-MYERS SQUIBBCOM1101221081,11017,890SH DFND117,89000
CISCO SYS INCCOM17275R1021,38630,973SH DFND130,97300
VERIZON COMMUNICATIOCOM92343V1041,48925,337SH DFND125,33700
JPMORGAN CHASE & COCOM46625H1005,69244,794SH DFND144,79400
GENERAL MLS INCCOM3703341044547,715SH DFND17,71500
GALLAGHER ARTHUR J &COM3635761093222,600SH DFND12,60000
PNC FINL SVCS GROUPCOM6934751057304,902SH DFND14,90200
MICROSOFT CORPCOM5949181049,75643,865SH DFND143,86500
CME GROUP INCCOM12572Q1052721,495SH DFND11,49500
EQUINIX INCCOM29444U700231323SH DFND132300
CROWN CASTLE INTL COCOM22822V1012091,310SH DFND11,31000
APPLE INCCOM03783310013,782103,868SH DFND1103,86800
OMNICOM GROUP INCCOM68191910667610,838SH DFND110,83800
BERKSHIRE HATHAWAY ICL B NEW0846707021,7537,560SH DFND17,56000
ABBOTT LABSCOM0028241004504,110SH DFND14,11000
AMGEN INCCOM0311621004251,848SH DFND11,84800
DUKE ENERGY CORP NEWCOM NEW26441C2041,28214,005SH DFND114,00500
UNITEDHEALTH GROUP ICOM91324P1024,40512,560SH DFND112,56000
MERCK & CO. INCCOM58933Y1051,69820,758SH DFND120,75800
SOUTHERN COCOM84258710771511,635SH DFND111,63500
COMCAST CORP NEWCL A20030N1011,14321,815SH DFND121,81500
INTERNATIONAL BUSINECOM4592001011,60712,770SH DFND112,77000
PROCTER AND GAMBLE CCOM7427181092,31616,643SH DFND116,64300
JOHNSON & JOHNSONCOM4781601043,61022,939SH DFND122,93900
KRAFT HEINZ COCOM50075410663318,270SH DFND118,27000
CARDINAL HEALTH INCCOM14149Y1083626,752SH DFND16,75200
CVS HEALTH CORPCOM12665010081911,995SH DFND111,99500
DOMINION ENERGY INCCOM25746U1091,07414,280SH DFND114,28000
TRAVELERS COMPANIESCOM89417E1091,0787,678SH DFND17,67800
NEWMONT CORPCOM6516391062614,350SH DFND14,35000
WALMART INCCOM9311421038906,172SH DFND16,17200
TEXAS INSTRS INCCOM8825081041,90611,615SH DFND111,61500
ILLINOIS TOOL WKS INCOM4523081092201,079SH DFND11,07900
HARTFORD FINL SVCS GCOM41651510455911,410SH DFND111,41000
GILEAD SCIENCES INCCOM37555810380813,865SH DFND113,86500
AMERICAN TOWER CORPCOM03027X1005872,615SH DFND12,61500
BANK NEW YORK MELLONCOM06405810057713,589SH DFND113,58900
INTEL CORPCOM4581401002,10942,336SH DFND142,33600
3M COCOM88579Y1011,3717,842SH DFND17,84200
PAYCHEX INCCOM70432610794210,105SH DFND110,10500
ACTIVISION BLIZZARDCOM00507V1092993,225SH DFND13,22500
FASTENAL COCOM3119001044519,235SH DFND19,23500
L3HARRIS TECHNOLOGIECOM5024311093421,810SH DFND11,81000
CORTEVA INCCOM22052L1042325,985SH DFND15,98500
PPL CORPCOM69351T10693833,275SH DFND133,27500
FIDELITY NATL INFORMCOM31620M1064633,270SH DFND13,27000
CHEVRON CORP NEWCOM1667641001,49917,745SH DFND117,74500
VISA INCCOM CL A92826C8391,3266,064SH DFND16,06400
PEPSICO INCCOM7134481082,13714,401SH DFND114,40100
ANTHEM INCCOM0367521031,2733,965SH DFND13,96500
ARCHER DANIELS MIDLACOM0394831021,51730,087SH DFND130,08700
THERMO FISHER SCIENTCOM8835561028711,870SH DFND11,87000
AUTOMATIC DATA PROCECOM0530151038804,995SH DFND14,99500
UNITED PARCEL SERVICCL B9113121062411,429SH DFND11,42900
COCA COLA COCOM19121610081614,880SH DFND114,88000
ORACLE CORPCOM68389X10575511,667SH DFND111,66700
UNION PAC CORPCOM9078181083,07114,750SH DFND114,75000
ALTRIA GROUP INCCOM02209S10367916,571SH DFND116,57100
MEDTRONIC PLCSHSG5960L1037966,795SH DFND16,79500
DEERE & COCOM2441991051,2474,635SH DFND14,63500
AIR PRODS & CHEMS INCOM0091581061,4385,263SH DFND15,26300
ENTERGY CORP NEWCOM29364G1032362,360SH DFND12,36000
GARMIN LTDSHSH2906T1092912,430SH DFND12,43000
CHUBB LIMITEDCOMH1467J1046904,480SH DFND14,48000
TARGET CORPCOM87612E1062991,692SH DFND11,69200
QUALCOMM INCCOM7475251032,43215,967SH DFND115,96700
EXELON CORPCOM30161N10181019,170SH DFND119,17000
PAYPAL HLDGS INCCOM70450Y1031,8097,725SH DFND17,72500
ALPHABET INCCAP STK CL C02079K1072,7801,587SH DFND11,58700
FACEBOOK INCCL A30303M1021,7416,375SH DFND16,37500
SEAGATE TECHNOLOGY PSHSG7945M1073395,455SH DFND15,45500
BIOGEN INCCOM09062X1035622,295SH DFND12,29500
AMAZON COM INCCOM0231351066,9312,128SH DFND12,12800
ALPHABET INCCAP STK CL A02079K3052,7991,597SH DFND11,59700
SALESFORCE COM INCCOM79466L3021,0544,735SH DFND14,73500
INTUITCOM4612021037602,000SH DFND12,00000
EBAY INC.COM2786421034038,010SH DFND18,01000
SMUCKER J M COCOM NEW8326964052281,975SH DFND11,97500
LOCKHEED MARTIN CORPCOM5398301096231,755SH DFND11,75500
CLOROX CO DELCOM1890541093131,550SH DFND11,55000
NORTHROP GRUMMAN CORCOM6668071025971,960SH DFND11,96000
AMCOR PLCORDG0250X10727022,940SH DFND122,94000
ANALOG DEVICES INCCOM0326541053252,198SH DFND12,19800
NORTHERN TR CORPCOM6658591042402,580SH DFND12,58000
ADOBE SYSTEMS INCORPCOM00724F1017031,405SH DFND11,40500
STATE STR CORPCOM8574771032142,940SH DFND12,94000
NETFLIX INCCOM64110L1061,2492,310SH DFND12,31000
KLA CORPCOM NEW4824801002601,005SH DFND11,00500
MONDELEZ INTL INCCL A6092071054637,919SH DFND17,91900
BROADCOM INCCOM11135F1011,1212,560SH DFND12,56000
COSTCO WHSL CORP NEWCOM22160K1051,4393,820SH DFND13,82000
SERVICENOW INCCOM81762P102250455SH DFND145500
EVERGY INCCOM30034W1063315,965SH DFND15,96500
NEXTERA ENERGY INCCOM65339F1017049,120SH DFND19,12000
NVIDIA CORPORATIONCOM67066G104352675SH DFND167500
PFIZER INCCOM7170811031,40138,069SH DFND138,06900
MICRON TECHNOLOGY INCOM5951121034065,395SH DFND15,39500
STRYKER CORPORATIONCOM8636671011,7967,330SH DFND17,33000
DANAHER CORPORATIONCOM2358511022,97613,395SH DFND113,39500
US BANCORP DELCOM NEW90297330447510,200SH DFND110,20000
AGILENT TECHNOLOGIESCOM00846U1012131,800SH DFND11,80000
AMERICAN EXPRESS COCOM0258161091,39111,501SH DFND111,50100
SYSCO CORPCOM8718291073374,540SH DFND14,54000
DISNEY WALT COCOM2546871061,7779,810SH DFND19,81000
BK OF AMERICA CORPCOM0605051041,84160,750SH DFND160,75000
BERKSHIRE HATHAWAY ICL A0846701086962SH DFND1200
COGNIZANT TECHNOLOGYCL A1924461022463,000SH DFND13,00000
CONOCOPHILLIPSCOM20825C10462515,621SH DFND115,62100
CHARTER COMMUNICATIOCL A16119P108211319SH DFND131900
CABOT OIL & GAS CORPCOM12709710323114,200SH DFND114,20000
BEST BUY INCCOM0865161015895,900SH DFND15,90000
CUMMINS INCCOM2310211062361,040SH DFND11,04000
STARBUCKS CORPCOM8552441091,66915,605SH DFND115,60500
MOTOROLA SOLUTIONS ICOM NEW6200763072961,742SH DFND11,74200
PHILLIPS 66COM7185461045467,811SH DFND17,81100
PARKER-HANNIFIN CORPCOM7010941044341,595SH DFND11,59500
BOEING COCOM0970231056593,080SH DFND13,08000
FISERV INCCOM3377381083643,200SH DFND13,20000
PPG INDS INCCOM6935061071,2408,600SH DFND18,60000
AFLAC INCCOM00105510254312,220SH DFND112,22000
YUM BRANDS INCCOM9884981017707,095SH DFND17,09500
ADVANCED MICRO DEVICCOM0079031073193,475SH DFND13,47500
TJX COS INC NEWCOM8725401096018,800SH DFND18,80000
METLIFE INCCOM59156R1083667,800SH DFND17,80000
S&P GLOBAL INCCOM78409V1045591,700SH DFND11,70000
PHILIP MORRIS INTL ICOM71817210988610,700SH DFND110,70000
INTUITIVE SURGICAL ICOM NEW46120E602736900SH DFND190000
AMERIPRISE FINL INCCOM03076C1066743,466SH DFND13,46600
ABBVIE INCCOM00287Y1091,36712,755SH DFND112,75500
MCDONALDS CORPCOM5801351017203,355SH DFND13,35500
NIKE INCCL B6541061032,01714,255SH DFND114,25500
AMPHENOL CORP NEWCL A0320951012351,800SH DFND11,80000
AUTOZONE INCCOM053332102676570SH DFND157000
HONEYWELL INTL INCCOM4385161062,0219,500SH DFND19,50000
WHIRLPOOL CORPCOM9633201064602,550SH DFND12,55000
MASTERCARD INCORPORACL A57636Q104278780SH DFND178000
COLONY CAP INC NEWCL A COM19626G1088918,485SH DFND118,48500
BGC PARTNERS INCCL A05541T1015914,740SH DFND114,74000
ALLIANCE DATA SYSTEMCOM0185811082843,830SH DFND13,83000
MORGAN STANLEYCOM NEW6174464483475,059SH DFND15,05900
FORTIVE CORPCOM34959J1081,20517,020SH DFND117,02000
VONTIER CORPORATIONCOM9288811012276,808SH DFND16,80800
TESLA INCCOM88160R1011,7852,529SH DFND12,52900