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Employers Holdings (Employers Holdings) Gross Property, Plant and Equipment : $11.6 Mil (As of Dec. 2023)


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What is Employers Holdings Gross Property, Plant and Equipment?

Employers Holdings's quarterly gross PPE declined from Jun. 2023 ($11.8 Mil) to Sep. 2023 ($11.3 Mil) but then increased from Sep. 2023 ($11.3 Mil) to Dec. 2023 ($11.6 Mil).

Employers Holdings's annual gross PPE stayed the same from Dec. 2021 ($28.9 Mil) to Dec. 2022 ($23.5 Mil) but then declined from Dec. 2022 ($23.5 Mil) to Dec. 2023 ($11.6 Mil).


Employers Holdings Gross Property, Plant and Equipment Historical Data

The historical data trend for Employers Holdings's Gross Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Employers Holdings Gross Property, Plant and Equipment Chart

Employers Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.80 36.50 28.90 23.50 11.60

Employers Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.50 22.00 11.80 11.30 11.60

Employers Holdings Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


Employers Holdings  (NYSE:EIG) Gross Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


Employers Holdings Gross Property, Plant and Equipment Related Terms

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Employers Holdings (Employers Holdings) Business Description

Industry
Traded in Other Exchanges
Address
10375 Professional Circle, Reno, NV, USA, 89521
Employers Holdings Inc provides workers' compensation insurance, primarily to small businesses in low- to medium hazard industries. Its customers are employers, and the insurance premiums that those employers pay account for more than 90% of total company revenue. Substantially all of the remaining revenue is generated through investments. The company operates exclusively in the United States, and it generates more than half of its business in California. By industry, the company has the most exposure to restaurants, which account for roughly a fourth of the total premiums the company earns.
Executives
Katherine H. Antonello officer: EVP, Chief Actuary 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Alejandro Perez-tenessa director 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Michael J Mcsally director 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Christopher Laws officer: EVP, Chief Actuary 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Tracey Lynn Berg officer: EVP, Chief Information Officer 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Stephen V Festa officer: Sr VP & CCO, EICN and ECIC 9790 GATEWAY DRIVE, SUITE 200, RENO NV 89521
Douglas D Dirks director, officer: President and CEO of EIG 10375 PROFESSIONAL CIRCLE, RENO NV 89521
De Figueiredo Joao M director 10375 PROFESSIONAL CIRCLE, RENO NV 89521
James R Kroner director 600 FOURTH STREET, P.O. BOX 6000, SIOUX CITY IA 51102-6000
Jeanne L Mockard director PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Lawrence S Rogers officer: SVP, Chief Underwriting Office 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Richard W Blakey director 10375 PROFESSIONAL CIRCLE, RENO NV 89521
John M. Mutschink officer: SVP, Chief HR Officer 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Michael Scott Paquette officer: EVP, Chief Financial Officer EMPLOYERS HOLDINGS, INC., 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Barry J. Vogt officer: SVP, Chief Claims Officer 10375 PROFESSIONAL CIRCLE, RENO NV 89521