Since the Company's initial public offering in January 2007 through December 31, 2012, the Company repurchased a total of 23,372,974 shares of common stock at an average cost per share of $15.51 for a total cost of $362.6 million.
The Board of Directors declared a first quarter 2013 dividend of six cents per share. The dividend is payable on March 27, 2013 to stockholders of record as of March 13, 2013.
Conference Call and Web Cast; Form 10-K
The Company will host a conference call on Thursday, February 28, 2013, at 8:00 a.m. Pacific Standard Time. The conference call will be available via a live web cast on the Company's web site at www.employers.com. An archived version will be available following the call. The conference call replay number is (888) 286-8010 with a pass code of 20377630. International callers may dial (617) 801-6888.EHI expects to file its Form 10-K for the year ended December 31, 2012, with the Securities and Exchange Commission (“SEC”) on Friday, March 1, 2013. The Form 10-K will be available without charge through the EDGAR system at the SEC's web site at www.sec.gov, and will also be posted on the Company's website, www.employers.com, through the “Investors” link. Discussion of Non-GAAP Financial Measures This earnings release includes non-GAAP financial measures used to analyze the Company's operating performance for the periods presented. These non-GAAP financial measures exclude impacts related to the LPT Agreement deferred reinsurance gain. The 1999 LPT Agreement was a non-recurring transaction that does not result in ongoing cash benefits and, consequently, the Company believes these non-GAAP measures are useful in providing stockholders and management a meaningful understanding of the Company's operating performance. In addition, these measures, as defined, are helpful to management in identifying trends in the Company's performance because the items excluded have limited significance in current and ongoing operations.