RENO, Nev.–(BUSINESS WIRE)–Employers Holdings, Inc. (NYSE: EIG) will ring The Closing BellSM at the New York Stock Exchange (NYSE) today to commemorate the 10th anniversary of its initial public offering. Douglas D. Dirks, Employers Holdings, Inc. President and Chief Executive Officer, and members of the board of directors and executive leadership team will ring the closing bell.
“I’m immensely proud of our growth and all we’ve accomplished together over the last decade.”
Employers Holdings, Inc. had its initial public offering in February 2007. Since the IPO, the organization has grown from writing insurance in 14 states through two insurance companies, to writing business in 36 states and the District of Columbia through four insurance companies. In the year preceding its IPO, the company produced $400 million of gross written premium compared to today’s $700 million. The company’s investment portfolio totaled $1.7 billion at the time of the IPO compared to $2.6 billion today. Adjusted shareholders’ equity was $747 million at December 31, 2006 versus approximately $1 billion now, and the company…