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.

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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.

The headline numbers for Hanover Insurance (THG) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Hanover Insurance (THG) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Fourth  Quarter Highlights Combined ratio of 94.2%; combined ratio, excluding catastrophes(1), of 90.2% Catastrophe losses of $57.7 million, or 4.0 points of the combined ratio Net premiums written increase of 1.5%* Renewal price increases(2) of 20.6% in Personal Lines, including 29.1% in homeowners, as well as increases of 12.4% in Core Commercial and 11.6% in Specialty Rate increases(2) of 13.2% in Personal Lines, 9.3% in Core Commercial and 9.0% in Specialty Loss and loss adjustment expense ("LAE") ratio of 63.6%, 13.5 points below the prior-year quarter, driven by both lower catastrophe and non-catastrophe losses Current accident year loss and LAE ratio, excluding catastrophes(3), of 60.2%, 3.1 points below the prior-year quarter Net investment income of $81.6 million, up 7.5% from the prior-year quarter, primarily due to higher bond reinvestment rates and the continued investment of operational cashflows, partially offset by lower partnership income Book value per share of $68.93, up 16.4% from September 30, 2023, primarily due to an increase in the fair value of fixed maturity investments and strong earnings in the quarter On December 4, 2023, the Board of Directors approved an increase of 5% to the regular quarterly dividend Full Year Highlights Combined ratio of 103.5%; combined ratio, excluding catastrophes, of 91.3% Catastrophe losses of $690.1 million, or 12.2 points of the combined ratio, driven primarily by severe convective storms across multiple states, particularly in the Midwestern United States in the first three quarters of the year Net premiums written of $5.8 billion, an increase of 6.1%* from the prior year Loss and LAE ratio of 73.0%, 4.0 points above the prior year, driven by higher catastrophe losses Current accident year loss and LAE ratio, excluding catastrophes, improved from the prior year, reflecting the benefit of rate increases in each segment and loss ratio improvements in Core Commercial and Specialty, partially offset by a higher loss ratio in Personal Lines in the first half of the year Net investment income of $332.1 million, up 12.1% from 2022, driven primarily by higher-than-expected bond reinvestment rates and higher cashflows WORCESTER, Mass. , Jan. 31, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $107.9 million, or $2.98 per diluted share, in the fourth quarter of 2023, compared to a net loss of $12.1 million, or $0.34 per basic share, in the prior-year quarter.

The Hanover Reports Fourth Quarter Net Income and Operating Income of $2.98 and $3.13 per Diluted Share, Respectively; Net and Operating Return on Equity of 18.8% and 15.7%, Respectively

Beyond analysts' top -and-bottom-line estimates for Hanover Insurance (THG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

Hanover Insurance (THG) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates

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) Reports Next Week: Wall Street Expects Earnings Growth

NEW YORK--(BUSINESS WIRE)--Aegis Financial Lines, a division of Aegis General Insurance Agency, in partnership with sister company K2 Financial announces today the approval of their official coverholder status with Lloyd's, the world's leading marketplace for insurance and reinsurance. Aegis Financial Lines (AFL) is an expansion of K2 Financial's already successful operation in London. The move to offering products directly out of the U.S. is a natural progression given how many of K2 Financial.

K2 International Launches Aegis Financial Lines with Former Hanover Insurance Group Leader and Achieves Lloyd's Coverholder Status

WORCESTER, Mass. , Jan. 4, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced the appointment of Mina S.

The Hanover Appoints Mina S. Rona President of Technology and Life Sciences

WORCESTER, Mass. , Dec. 19, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) expects to issue its fourth quarter and full-year financial results after the market closes on Wednesday, January 31, 2024.

The Hanover Insurance Group, Inc. to Issue Fourth Quarter Financial Results on January 31

WORCESTER, Mass. , Dec. 18, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) recently was recognized by Newsweek as one of America's Most Responsible Companies for the third consecutive year and by the Human Rights Campaign Foundation for receiving a score of 100 on its Corporate Equality Index for the sixth consecutive year.

The Hanover Recognized By Newsweek as Most Responsible Company; Earns Top Score in Human Rights Campaign Foundation's Corporate Equality Index

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December is the last opportunity for companies to announce yearly dividend increases. 15 companies expected to raise their dividends in the upcoming week, with a focus on up-and-comers in the dividend growth space. The companies feature an average increase of 8.6% and a median increase of 4.9%.

15 Upcoming Dividend Increases

Hanover Insurance's (THG) recent dividend hike reflects its intention to enhance shareholders' value, supported by a strong financial position.

Hanover Insurance (THG) Ups Dividend to Share More Profit

WORCESTER, Mass. , Dec. 4, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) announced today its board of directors has approved an increase in the company's quarterly dividend to $0.85 per share on the issued and outstanding common stock of the company, payable December 29, 2023, to shareholders of record at the close of business on December 15, 2023.

The Hanover Insurance Group, Inc. Increases Quarterly Dividend to $0.85 Per Common Share

Chubb

Investors looking for stocks in the Insurance - Property and Casualty sector might want to consider either Chubb (CB) or Hanover Insurance Group (THG). But which of these two stocks is more attractive to value investors?

CB or THG: Which Is the Better Value Stock Right Now?

WORCESTER, Mass. , Nov. 20, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced it has appointed Stephen P.

The Hanover Appoints Stephen P. Marohn President, Specialty Property and Casualty

The Hanover Insurance Group, Inc. (NYSE:THG ) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Oksana Lukasheva - SVP Corp Finance Jack Roche - President and Chief Executive Officer Jeff Farber - Chief Financial Officer Dick Lavey - President of Agency Markets Bryan Salvatore - President of Specialty Lines Conference Call Participants Paul Newsome - Piper Sandler Michael Zaremski - BMO Capital Markets Robert Farnam - Janney Montgomery Scott LLC Grace Carter - BofA Securities Meyer Shields - Keefe, Bruyette, & Woods, Inc. Operator Good day, and welcome to the Hanover Insurance Group's Third Quarter Earnings Conference Call. My name is David, and I will be your operator for today's call.

The Hanover Insurance Group, Inc. (THG) Q3 2023 Earnings Call Transcript

Third  Quarter Highlights Combined ratio of 104.4%; combined ratio, excluding catastrophes(1), of 90.7% Catastrophe losses of $195.8 million, or 13.7 points of the combined ratio, driven by severe convective storm activity in the Midwestern United States, with hail and wind damage representing the majority of reported losses and primarily impacting Personal Lines Net premiums written increase of 6.0%*, with contributions from each segment Renewal price increases(2) of 18.0% in Personal Lines, including 23.4% in homeowners, as well as increases of 12.9% in Specialty and 11.8% in Core Commercial Rate increases(2) of 10.7% in Personal Lines, 9.2% in Core Commercial and 8.4% in Specialty Loss and loss adjustment expense (LAE) ratio of 74.2%, 3.6 points above the prior-year quarter, driven by higher catastrophe losses Current accident year loss and LAE ratio, excluding catastrophes(3), of 60.6%, 3.5 points below the prior-year quarter and slightly better than the company's expectations Net investment income of $84.2 million, up 15.3% from the prior-year quarter, primarily due to higher bond reinvestment rates and the continued investment of operational cashflows Book value per share of $59.21, down 5.4% from June 30, 2023, primarily due to a decrease in the fair value of fixed maturity investments WORCESTER, Mass. , Nov. 1, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $8.6 million, or $0.24 per diluted share, in the third quarter of 2023, compared to net income of $0.5 million, or $0.01 per diluted share, in the prior-year quarter.

The Hanover Reports Third Quarter Results

Investors interested in stocks from the Insurance - Property and Casualty sector have probably already heard of Chubb (CB) and Hanover Insurance Group (THG). But which of these two stocks is more attractive to value investors?

CB vs. THG: Which Stock Is the Better Value Option?

Earnings Preview: Hanover Insurance Group (THG) Q3 Earnings Expected to Decline

Only 7% of small to mid-sized businesses think it's very likely that they will experience a cyber incident in the next 12 months WORCESTER, Mass. , Oct. 23, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG), a leading provider of insurance for individuals, families and businesses, today released its 2023 Cyber Resiliency Report which highlights a lack of preparedness by businesses for cyber-related attacks.

The Hanover's 2023 Report Finds Businesses Lack Protection and Recovery Plans Against Cyber Attacks

WORCESTER, Mass. , Oct. 18, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced a preliminary estimate for third quarter 2023 catastrophe losses of $195.8 million, before taxes, or 13.7 points of net earned premium.

The Hanover Estimates Third Quarter Catastrophe Losses and Preliminary Results

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

Hanover Insurance's (THG) Segmental Strength Aids, Cat Loss Ails

Only 17% of homeowners have water sensors despite the high risk of loss WORCESTER, Mass. , Sept. 28, 2023 /PRNewswire/ -- New research highlights the lack of homeowner preparedness for non-weather-related water damage, even though water damage ranks as the second most prevalent cause of insurance loss claims.

The Hanover Finds Homeowners Vulnerable to the Threat of Water-Related Damage

WORCESTER, Mass. , Sept. 27, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) expects to issue its third quarter financial results after the market closes on Wednesday, November 1.

The Hanover Insurance Group, Inc. to Issue Third Quarter Financial Results on November 1

WORCESTER, Mass. , Sept. 13, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) recently was recognized by TIME as one of the World's Best Companies and by Newsweek as one of America's Best Customer Service organizations.

The Hanover Recognized on TIME's List of World's Best Companies; Newsweek's List of America's Best Customer Service Organizations

The Hanover Insurance Group gets modest Buy Rating today, agreeing with Wall Street consensus. Positives: revenue YoY growth, share price 16% below 200-day SMA, 3% dividend yield, company financial health. Headwinds: overvaluation vs its sector.

The Hanover Insurance: 3% Dividend Yield And Modest Buy Rating

WORCESTER, Mass. , Sept. 7, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced it has appointed Stephanie E.

News for Hanover Insurance Group Stock (THG)