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.

WORCESTER, Mass. , March 15, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced the release of its inaugural sustainability report, which focuses on its environmental, social and governance ("ESG") approach and strategy.

The Hanover Releases Inaugural Sustainability Report

With home purchases declining, many homeowners plan renovations WORCESTER, Mass. , March 2, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today released its 2023 Home Buying and Renovation Report, which provides insights into recent home buying trends and plans for renovations in the new year.

The Hanover Releases 2023 Home Buying and Renovation Report

Allstate

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

WORCESTER, Mass. , Feb. 16, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced it has been named one of America's Most Responsible Companies for 2023 by Newsweek.

The Hanover Named One of America's Most Responsible Companies by Newsweek for Second Consecutive Year

WORCESTER, Mass. , Feb. 6, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced John C.

The Hanover Insurance Group, Inc. to Present at the Bank of America Securities 2023 Financial Services Conference

The Hanover Insurance Group, Inc. (NYSE:THG ) Q4 2022 Earnings Conference Call February 2, 2023 10:00 AM ET Company Participants Oksana Lukasheva - Investor Relations 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 Mike Zaremski - BMO Bob Farnam - Janney Paul Newsome - Piper Sandler Grace Carter - Bank of America Meyer Shields - KBW Operator Good day, and welcome to The Hanover Insurance Group's Fourth Quarter Earnings Conference Call. My name is Anthony, and I'll be your operator for today's call.

The Hanover Insurance Group, Inc. (THG) Q4 2022 Earnings Call Transcript

Hanover Insurance (THG) delivered earnings and revenue surprises of 0% and 0.43%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Hanover Insurance Group (THG) Reports Q4 Loss, Tops Revenue Estimates

Full Year Highlights Combined ratio of 99.8%; Combined ratio, excluding catastrophes(1), of 92.1% Net premiums written of $5.5 billion, an increase of 9.7%* from the prior year Current accident year loss and loss adjustment expense ("LAE") ratio, excluding catastrophes(2), increased from the prior year reflecting the impact of inflation on property coverages in Personal Lines and Core Commercial, partially offset by the benefit of rate increases earning in within Specialty and Core Commercial Net investment income of $296.3 million, above original guidance by approximately $25 million, driven primarily by higher-than-expected bond reinvestment rates  Fourth Quarter Highlights Combined ratio of 108.0%, and 94.1% excluding catastrophes Catastrophe losses of $189.6 million, or 13.9 points, including the impact from Winter Storm Elliott of $165 million Net premiums written increase of 9.1%, with strong contributions from each segment Renewal price change(3) of 10.2% in Core Commercial, 13.2% in Specialty and 10.1% in Personal Lines, driven by homeowners renewal price change of 15.5% Rate increases(3) of 7.2% in Core Commercial, 8.2% in Specialty and 5.4% in Personal Lines Current accident year loss and LAE ratio, excluding catastrophes, was in line with the outlook provided on the third quarter 2022 earnings call, but higher than the prior-year quarter driven by the impact of inflation, primarily on personal lines property Net investment income of $75.9 million, above expectations and helped by higher bond reinvestment rates, while below the prior-year quarter due to the elevated level of partnership income in the fourth quarter of 2021 On December 5, 2022, the Board of Directors approved an increase of 8% to the regular quarterly dividend Book value per share of $65.38, up 1.2% from September 30, 2022, primarily driven by an increase in the fair value of investments WORCESTER, Mass., Feb. 1, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today reported a net loss of $11.6 million, or $0.33 per basic share**, in the fourth quarter of 2022, compared to net income of $163.5 million, or $4.53 per diluted share, in the prior-year quarter.

The Hanover Reports Fourth Quarter and Full Year Results

WORCESTER, Mass. , Jan. 30, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced it has appointed Kate B.

The Hanover Appoints Kate B. Williams to President of E&S

WORCESTER, Mass. , Jan. 24, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced the launch of a specialty general liability offering.

The Hanover Expands Casualty Offerings, Announces Specialty General Liability Solution

WORCESTER, Mass. , Jan. 19, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced a preliminary estimate for fourth quarter catastrophe losses of approximately $190 million, before taxes, or 13.9 points of net earned premiums.

The Hanover Estimates Fourth Quarter Catastrophe Losses; Full-Year Combined Ratio, Excluding Catastrophes in Line with Guidance

THG PLC on Tuesday reported a record group revenue for 2022, with growth in its three core business, and said that it has started a review of the loss-making categories and territories within the THG OnDemand unit.

THG reports record 2022 revenue, will start reviewing loss-making units

WORCESTER, Mass. , Jan. 10, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced the company and its employees have raised $1,458,000 for United Way and other nonprofit organizations across the country through their annual giving campaign.

The Hanover and its Employees Contribute Nearly $1.5 Million to United Way, Other Nonprofits Through Annual Giving Campaign

AbbVie

Automatic Data Processing

Aflac

Air Products and Chemicals

Atmos Energy

Cullen/Frost Bankers

Fastenal

McDonald's

McCormick

NextEra Energy

Prosperity Bancshares

Target

T. Rowe Price Group

Williams-Sonoma

The S&P Dividend Aristocrats deserve more coverage.

These 15 Dividend Aristocrat stocks have been the best income builders

WORCESTER, Mass. , Jan. 4, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced it has appointed David J.

The Hanover Appoints David J. Lovely Chief Claims Officer

WORCESTER, Mass. , Dec. 20, 2022 /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, February 1, 2023.

The Hanover Insurance Group, Inc. to Issue Fourth Quarter Financial Results on February 1

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

Hanover Insurance (THG) OKs Dividend Hike to Share More Profit

Helping agents streamline small business placement WORCESTER, Mass. , Dec. 6, 2022 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced it has launched The Hanover Small Business Digital Exchange Gateway, an innovative collection of insurtech platforms that enable agents to access The Hanover directly through existing connections in their commercial lines quoting solutions.

The Hanover Announces the Launch of its Small Business Digital Exchange Gateway

WORCESTER, Mass. , Dec. 5, 2022 /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 $0.81 per share on the issued and outstanding common stock of the company, payable December 30, 2022, to shareholders of record at the close of business on December 15, 2022.

The Hanover Insurance Group, Inc. Increases Quarterly Dividend to $0.81 Per Common Share

Company appoints Jon Martin, Greggory Ketay to key leadership roles within professional and executive lines WORCESTER, Mass. , Nov. 28, 2022 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced it has appointed Eric M.

The Hanover Appoints Eric M. Schuler to Lead Management and Executive Liability Business

The Hanover Insurance Group, Inc. (NYSE:THG ) Q3 2022 Earnings Conference Call November 2, 2022 10:00 AM ET Company Participants Oksana Lukasheva - VP, IR & Financial Planning John Roche - President and Chief Executive Officer Jeffrey Farber - Executive Vice President and Chief Financial Officer Bryan Salvatore - Executive Vice President and President of Specialty Richard Lavey - Executive Vice President and President, Hanover Agency Markets Conference Call Participants Matt Carletti - JMP Securities Paul Newsome - Piper Sandler Grace Carter - Bank of America James Bach - KBW Michael Phillips - Morgan Stanley Operator Good day, and welcome to The Hanover Insurance Group Third Quarter Earnings Conference Call. My name is Keith, and I'll be your operator of today's call.

The Hanover Insurance Group (THG) CEO John Roche on Q3 2022 Results - Earnings Call Transcript

Hanover Insurance (THG) delivered earnings and revenue surprises of 2.06% and 2.66%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Hanover Insurance Group (THG) Q3 Earnings and Revenues Top Estimates

The Hanover Insurance (THG) is poised for growth, given its focus on pricing segmentation and mix management as well as an emphasis on growth in target states, product lines and industry classes in the middle market.

Why Hold is an Apt Strategy for Hanover Insurance (THG) Now

WORCESTER, Mass. , Sept. 6, 2022 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) announced today its board of directors has declared a quarterly dividend of $0.75 per share on the issued and outstanding common stock of the company, payable September 30, 2022, to shareholders of record at the close of business on September 16, 2022.

The Hanover Insurance Group, Inc. Declares Quarterly Dividend of $0.75 Per Common Share

WORCESTER, Mass. , Aug. 25, 2022 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced John C.

News for Hanover Insurance Group Stock (THG)