Buyback Radar
Company reports

Employers

EIG

Employers has retired 66.4% of its shares since 2006, from 53,527,907 to 17,960,506.

66.4%retired since 2006
35.8%last 5 years
20.1%last 12 months
18Mshares today

At $51.21 a share, a market value of $919.8M. P/E 122.6, trailing twelve months to June 2026.

Shares outstanding, 2006 to todaysplit adjusted, from SEC filings
a quarter gone 2009half gone 202254M shares, 200618M2010201520202025
2006, 53,527,9072026-07-28, 17,960,506
A share bought in 2006
3.0× more of Employers today, without buying another share. It was one of 53,527,907 shares then. It is one of 17,960,506 now.
Every filing we read20 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20062006-06-3053,527,90710-Kcover page
20072008-02-2949,616,63510-Kcover page
20082009-02-2048,830,14010-Kcover page
20092009-12-3142,908,16510-K/A
20102010-12-3138,467,79010-K/A
20112012-02-2332,596,68510-K
20122013-02-2130,775,22910-K
20132014-02-1331,309,83010-K
20142015-02-1231,493,82810-K
20152016-02-1032,216,48010-K
20162017-02-1632,145,59210-K
20172018-02-1532,705,81610-K
20182019-02-1432,829,86310-K
20192020-02-1331,458,48810-K
20202021-02-1128,407,49410-K
20212022-02-1727,729,46310-K
20222023-02-2127,135,00610-K
20232024-02-2025,302,28910-K
20242025-02-2424,357,21710-K
20252026-02-2319,481,99710-K

Source: all 10-K filings of Employers on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

The story

Every Monday we write about one of these companies.

Read the full story
What the buybacks cost, fiscal 2008 to 2025cash flow statement against share count
$852Mspent on buybacks
30Mfewer shares outstanding
19.9%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $51.21.

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Employers buybacks, answered

Is Employers buying back its stock?

Yes. Employers has 20.1% fewer shares outstanding than twelve months ago, 17,960,506 as of July 28, 2026. Over five years the share count is down 35.8%.

How many shares has Employers bought back?

Net of every new share it issued, Employers has 35.6 million fewer shares than at its 2006 peak. That is 66.4% of the company.

How many shares does Employers have outstanding?

17,960,506 shares, as of July 28, 2026, from the cover page of its latest 10-Q. At the 2006 peak it had 53,527,907.

What do Employers' buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Employers stock in 2006 owns 3.0 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Employers compare with other cannibal stocks?

Employers ranks No. 22 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Avis Budget Group (67.1%), Elevance Health (67.0%), Harley-Davidson (65.9%), Loews (65.7%).

Every answer is computed from Employers' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Chuck RoyceRoyce & Associates28,984 shares, $1.5M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

Pedraja MichaelEVP, Chief Financial Officer2026-02-24, 2,000 shares at $39.73 $79K total
Pedraja MichaelEVP, Chief Financial Officer2025-11-04, 5,500 shares at $37.09 $204K total

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