NEVADA
(State
or Other Jurisdiction of
Incorporation)
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001-33245
(Commission
File Number)
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04-3850065
(I.R.S.
Employer Identification No.)
|
9790
Gateway Drive
Reno,
Nevada 89521
(Address
of Principal Executive Offices)
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89521
(Zip
Code)
|
|
Registrant's
telephone number including area code: (888)
682-6671
|
||
No
change since last report
(Former
Name or Address, if Changed Since Last
Report)
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EMPLOYERS
HOLDINGS, INC
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By:
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/s/
Lenard T. Ormsby
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||
Name:
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Lenard
T. Ormsby
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Title:
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Executive
Vice President, Chief Legal Officer and General
Counsel
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Exhibit
No.
|
Exhibit
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99.1
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Presentation
Materials
|
Compelling
Transactions
|
6
|
|
Expands
EMPLOYERS Geographic Footprint
|
7
|
|
Diversifies
EMPLOYERS Geographic Footprint
|
8
|
Corporate
Overview and
Operations |
||
Overview
|
1
|
|
Geographic
Footprint
|
2
|
|
Key
Strengths
|
3
|
|
Strategies
|
4
|
|
Acquisition
of AmCOMP - Key Terms
|
5
|
Financial
Results
|
||
Four
Key Elements of our Financial Strength
|
10
|
|
Financial
Snapshot
|
11
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Capital
Management
|
12
|
|
SUMMARY
|
||
Summary
|
14
|
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APPENDIX
|
||
Disciplined
Underwriting - Five Basic Elements
|
16
|
|
Focus
on Low to Medium Hazard Groups
|
17
|
|
Strategic
Distribution Partners
|
18
|
|
Loss
Portfolio Transfer (LPT)
|
19
|
|
Selected
Operating Results
|
20
|
|
Earnings
and EPS
|
21
|
|
Underwriting
Profitability
|
22
|
|
Investment
Portfolio
|
23
|
Pro-Forma
Rankings (1)
|
|
CA
|
8
|
NV
|
2
|
FL
|
10
|
TX
|
14
|
WI
|
14
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Total
U.S.
|
14
|
Contract
|
|
$
millions
|
|
Total
Coverage
|
$2,000
|
Original
Reserves Transferred
|
$1,525
|
Consideration
|
$ 775
|
Gain
at 1/1/2000
|
750
|
Subsequent
Reserve Adjustments
|
(147.5)
|
Gain
at 12/31/2007
|
$602.5
|
Accounting
at 12/31/07
|
|
$
millions
|
|
Statutory
Surplus Created
|
$602.5
|
Cumulative
Amortization
To
Date
|
(177.5)
|
GAAP:
Deferred
Reinsurance Gain - LPT
Agreement
|
$425.0 |
COMBINED
RATIO
(GAAP
and excluding the LPT)
|
December
31
2005
|
December
31
2006
|
December
31
2007
|
Loss and LAE
Ratio
|
48.3%
|
33.0%
|
41.3%
|
Less: Impact
of LPT
|
10.0%
|
4.9%
|
5.2%
|
Loss
and LAE Ratio (excluding LPT)
|
58.3%
|
37.9%
|
46.5%
|
Commission
Expense Ratio
|
10.7%
|
12.3%
|
12.8%
|
Underwriting
and Other Expense Ratio
|
16.0%
|
22.3%
|
26.3%
|
Combined
Ratio (excluding LPT)
|
84.9%
|
72.6%
|
85.6%
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Favorable
Reserve Development ($ million)
|
$78.1
|
$107.1
|
$60.0
(3)
|