Hanover Insurance Group

The Hanover Insurance Group, Inc. is a holding company that engages in the provision of property and casualty products and services. It operates through the following segments: Commercial Lines, Personal Lines and Other. The Commercial Lines segment includes commercial multiple peril, commercial automobile, workers compensation and other commercial coverage, such as specialty program business, inland marine, management and professional liability and surety. The Personal Lines segment involves personal automobile, homeowners and other personal coverage. The Other segment operates through Opus Investment Management, Inc. The company was founded in 1852 and is headquartered in Worcester, MA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Hanover Insurance Group reports resilient performance amidst catastrophe challenges

Hanover Insurance Group navigated challenges from Winter storm Elliott to achieve solid financial performance in 2022, focusing on risk mitigation and margin enhancement strategies.
Guidance for 2023 outlines growth targets and a conservative approach to catastrophe losses, highlighting opportunities in specialty lines and agent relationships.
Despite inflationary pressures and exposure unit dynamics, the company remains resilient, emphasizing margin improvement and customer retention for sustained profitability.

Hanover Insurance Group addresses challenges, leverages opportunities for growth

Hanover Insurance Group navigated challenges from heightened catastrophe activity by focusing on risk prevention, pricing acceleration, and margin improvement.
The company's strong performance in core commercial and specialty lines, along with increased net investment income, reflects resilience and strategic initiatives.
While facing liability trends and potential litigation challenges, Hanover Insurance Group is leveraging opportunities in pricing, growth areas, and portfolio optimization.
Anticipating future trends and maintaining a prudent approach to underwriting and pricing position the company for sustainable growth and profitability.

Hanover Insurance Group (THG) reports mixed Q2 results, eyes growth amid challenges

Hanover Insurance Group (THG) navigated mixed Q2 results with challenges from significant catastrophe losses and inflationary pressures, offset by strengths in Core Commercial and Specialty segments.
The company showcased resilience in adverse market conditions by implementing strategic pricing actions, maintaining strong underwriting discipline, and capitalizing on growth opportunities in E&S business.
THG's focus on margin recapture, catastrophe underwriting actions, and disciplined underwriting mix positions them well to address challenges and leverage opportunities in the evolving insurance landscape.
Investment income exceeding expectations and completion of property treaty renewals with favorable terms underscore THG's financial stability and strategic decision-making amidst market uncertainties.

Hanover Insurance Group shows resilience and growth amidst catastrophe impacts

Hanover Insurance Group demonstrated resilience amidst catastrophe impacts, with strong performance in key business segments and a focus on margin improvement.
While facing challenges such as elevated catastrophe losses and core loss ratio increases, the company is actively managing risks and pursuing profitability.
The company's strengths lie in its strong balance sheet, targeted loss ratios, and strategic focus on sustainable growth and competitive positioning.
Opportunities for growth include optimizing catastrophe exposures, achieving target profitability, and driving further improvement in core business segments.

Hanover Insurance Group reports strong Q4 earnings and outlines growth strategies

Hanover Insurance Group's Q4 2023 earnings call highlighted strong financial performance, margin recovery focus, and strategic growth initiatives. The company showcased improvements in key segments, positive investment performance, and provided guidance for 2024 with a focus on sustainable growth. While facing challenges like managing CAT load and PIF shrinkage, Hanover remains optimistic about its ability to drive profitability and achieve strategic targets.

Hanover Insurance Group excels in Q1, eyes growth opportunities

Hanover Insurance Group's Q1 earnings call highlighted strong financial performance, effective margin initiatives, and strategic investments in growth segments.
While facing challenges in regional exposure and liability management, the company is well-positioned for growth with opportunities in premium expansion and investment optimization.
The emphasis on technology, operational alignment, and disciplined risk management underscores a proactive approach to driving profitability and shareholder value.

Hanover Insurance Group excels in Q3 2024, poised for growth

Hanover Insurance Group's Q3 2024 earnings call showcased exceptional results and strategic initiatives driving growth across segments, with a positive outlook for future performance.
The company's strengths in pricing, underwriting actions, and segment-specific improvements position it well for continued success, despite potential challenges in liability trends and competition.
Opportunities in the middle market, policy growth, and strategic adjustments present avenues for sustained growth and profitability, underlining the company's promising trajectory.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

The Hanover Insurance Group, Inc. is a holding company that engages in the provision of property and casualty products and services. It operates through the following segments: Core Commercial, Specialty, Personal Lines and Other. The Core Commercial segment includes commercial multiple peril, commercial automobile, workers compensation and other core commercial coverage, such as general liability, commercial umbrella and monoline property. The Specialty focuses on Professional and Executive Lines, Specialty Property & Casualty, Marine, Surety and Other. The Personal Lines segment involves personal automobile, homeowners and other personal coverage. The Other segment operates through Opus Investment Management, Inc. The company was founded in 1852 and is headquartered in Worcester, MA.

Hanover Insurance stands to gain from growth in the Core Commercial and Specialty segments, stable retention, better pricing, strong market presence and solid capital position.

THG Stock Up 34.4% YTD: Time to Add to Your Portfolio for Better Return?

The Hanover Insurance Group, Inc. (THG) Q3 2024 Earnings Call Transcript

The headline numbers for Hanover Insurance (THG) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Hanover Insurance (THG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Hanover Insurance Group (THG) came out with quarterly earnings of $3.05 per share, beating the Zacks Consensus Estimate of $2.65 per share. This compares to earnings of $0.19 per share a year ago.

Hanover Insurance Group (THG) Beats Q3 Earnings Estimates

Third  Quarter Highlights Combined ratio of 95.5%; combined ratio, excluding catastrophes(1), of 88.3% Catastrophe losses of $105.9 million, or 7.2 points of the combined ratio Net premiums written increase of 4.2%* Renewal price increases(2) of 15.4% in Personal Lines, 12.9% in Core Commercial and 10.1% in Specialty Rate increases(2) of 14.4% in Personal Lines, 10.0% in Core Commercial and 7.6% in Specialty Loss and loss adjustment expense (LAE) ratio of 64.5%, 9.7 points below the prior-year quarter Current accident year loss and LAE ratio, excluding catastrophes(3), of 58.2%, 2.4 points below the prior-year quarter, led by strong improvement in Personal Lines Net investment income of $91.8 million, up 9.0% from the prior-year quarter, primarily due to higher bond reinvestment yields; net investment income from fixed maturities up 15.4% from the prior-year quarter Book value per share of $79.90, up 12.6% from June 30, 2024, driven by unrealized gains on the fixed maturity portfolio, as well as strong earnings WORCESTER, Mass. , Oct. 30, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $102.1 million, or $2.80 per diluted share, in the third quarter of 2024, compared to net income of $8.6 million, or $0.24 per diluted share, in the prior-year quarter.

The Hanover Reports Excellent Third Quarter Net Income and Operating Income of $2.80 and $3.05 per Diluted Share, Respectively; Net and Operating Return on Equity of 15.0% and 14.4%, Respectively

Hanover Insurance (THG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Hanover Insurance Group (THG) Earnings Expected to Grow: Should You Buy?

Allstate

Blackstone Group

Fifth Third Bancorp

Hannon Armstrong Sustainable Infrastructure Capital

Hartford Financial Services Group

MetLife

Synchrony Financial

Virtu Financial

Financial stocks play a critical role in the economy and are a key component of any well-rounded portfolio.

The Best Financial Stocks to Buy

Let's see how RLI and THG fare in terms of some of the key metrics.

RLI Corp. and Hanover Insurance: Which P&C Insurer Has an Edge?

THG stands to gain from growth in the Core Commercial and Specialty segments, stable retention, better pricing, strong market presence and solid capital position.

THG Stock Trading at a Premium to Industry: Should You Buy?

Hanover Insurance Group showed Q2 top and bottom-line growth as well as indicators of future growth and a positive analyst EPS consensus. The dividend yield of 2.3% beats key peers and the firm has a 5-year steady dividend growth history, and indicators of dividend sustainability supported by positive cash flow. The firm is exposed to a diversified, investment-grade asset portfolio that could be impacted by Fed decisions on interest rates.

The Hanover Insurance: Q2 Improvement And Future Growth Indicators

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Hanover Insurance Group (THG) have what it takes?

Why Hanover Insurance Group (THG) is a Great Dividend Stock Right Now

Boohoo (LON: BOO) and THG Group (LON: THG) shares have imploded in the past few years, costing investors billions of pounds. THG, formerly known as The Hut Group, tumbled to 50.75p, its lowest point since January 2023.

Boohoo and THG Group shares have imploded: buy the dip?

WORCESTER, Mass., Sept. 23, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) expects to issue its third quarter financial results after the market closes on Wednesday, October 30.

The Hanover Insurance Group, Inc. to Issue Third Quarter Financial Results on October 30

British e-commerce giant THG (formerly The Hut Group) has revealed plans to spin off its technology division, Ingenuity, signaling a major shift from founder Matthew Moulding's initial vision of building a large, publicly-listed tech enterprise in the UK. This decision comes as part of a strategic overhaul aimed at refocusing THG's operations.

THG plans to spin off Ingenuity unit; shares drop over 8%

Why Hanover Insurance Group (THG) is a Top Dividend Stock for Your Portfolio

WORCESTER, Mass. , Sept. 3, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) announced today its board of directors has declared a quarterly dividend of $0.85 per share on the issued and outstanding common stock of the company, payable September 27, 2024, to shareholders of record at the close of business on September 13, 2024.

The Hanover Insurance Group, Inc. Declares Quarterly Dividend of $0.85 Per Common Share

Hanover Insurance Group Stock Near 52-Week High: Time to Buy?

WORCESTER, Mass. , Aug. 22, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced John C.

The Hanover Insurance Group to Present at theKeefe, Bruyette & Woods Insurance Conference on September 5

Hanover Insurance Group (THG) is a Top Dividend Stock Right Now: Should You Buy?

WORCESTER, Mass. , Aug. 15, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced the expansion of Hanover Work Safe, a portfolio of value-added services designed to deliver a personalized approach to worker safety.

The Hanover Enhances Workers' Compensation Claim Services with Expanded Work Safe Program

Hanover Insurance Group (THG) Could Be a Great Choice

The Hanover Insurance Group, Inc (NYSE:THG ) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants Oksana Lukasheva - Senior Vice President of Corporate Finance John Roche - Chief Executive Officer & President Jeff Farber - Chief Financial Officer Richard Lavey - Executive VP & President of Hanover Agency Markets Bryan Salvatore - Executive VP & President of Specialty Conference Call Participants Michael Phillips - Oppenheimer Mike Zaremski - BMO Paul Newsome - Piper Sandler Grace Carter - Bank of America Meyer Shields - KBW Bob Farnam - Janney Operator Good day, and welcome to the Hanover Insurance Group's Second Quarter Earnings Conference Call. My name is Betsy, and I'll be your operator for today's call.

The Hanover Insurance Group, Inc (THG) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Hanover Insurance (THG) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Hanover Insurance (THG) Q2 Earnings: A Look at Key Metrics

Hanover Insurance Group (THG) came out with quarterly earnings of $1.88 per share, in line with the Zacks Consensus Estimate. This compares to loss of $1.91 per share a year ago.

Hanover Insurance Group (THG) Meets Q2 Earnings Estimates

Second  Quarter Highlights Combined ratio of 99.2%; combined ratio, excluding catastrophes(1), of 88.5% Catastrophe losses of $157.1 million, or 10.7 points of the combined ratio Net premiums written increase of 5.1%* Renewal price increases(2) of 18.5% in Personal Lines, 11.7% in Core Commercial and 11.7% in Specialty Rate increases(2) of 16.6% in Personal Lines, 9.3% in Core Commercial and 8.2% in Specialty Loss and loss adjustment expense (LAE) ratio of 68.4%, 12.3 points below the prior-year quarter Current accident year loss and LAE ratio, excluding catastrophes(3), of 58.9%, 3.4 points below the prior-year quarter, with improvement in each major segment Net investment income of $90.4 million, up 3.2% from the prior-year quarter; excluding partnership income(4), net investment income grew 19.5% Book value per share of $70.96, up 1.1% from March 31, 2024, driven by earnings in the quarter, net of dividends WORCESTER, Mass. , July 31, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $40.5 million, or $1.12 per diluted share, in the second quarter of 2024, compared to a net loss of $69.2 million, or $1.94 per basic share, in the prior-year quarter.

News for Hanover Insurance Group Stock (THG)