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., Sept. 8, 2021 /PRNewswire/ -- The State of The Independent Insurance Agency Report, developed by The Hanover Insurance Group, Inc. (NYSE: THG), indicates independent agents are embracing a more progressive work environment in response to the pandemic and evolving market conditions.

Hanover Survey: Independent Agents Embracing Hybrid Work Environment

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?

Are You Looking for a High-Growth Dividend Stock? Hanover Insurance Group (THG) Could Be a Great Choice

Axis Capital

First American Financial

Fidelity National Financial

Everest RE Group

Selective Insurance Group

P&C insurers like RE, AXS, FAF, FNF, SIGI and THG are well-poised to gain in the second half of 2021, given the accelerated economic recovery, favorable pricing environment and rise in M&A activities.

6 Buy-Rated P&C Insurers Poised to Perform Well in 2H21

WORCESTER, Mass. , Aug. 30, 2021 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) announced today its board of directors has declared a quarterly dividend of $0.70 per share on the issued and outstanding common stock of the company, payable September 24, 2021, to shareholders of record at the close of business on September 10, 2021.

The Hanover Insurance Group, Inc. Declares Quarterly Dividend of $0.70 Per Common Share

The Hanover Insurance Group (THG) is set to grow on the strength of its Commercial Lines and Personal Lines as well as growth of its specialty portfolio.

Here's Why Hanover Insurance (THG) is an Attractive Bet

WORCESTER, Mass., Aug. 26, 2021 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced it will hold a virtual Investor Day on Thursday, Sept.

The Hanover to Hold a Virtual Investor Day on September 23

Roche Holding AG

The Hanover Insurance Group, Inc. (THG) CEO Jack Roche on Q2 2021 Results - Earnings Call Transcript

Hanover Insurance (THG) delivered earnings and revenue surprises of 27.23% and 0.46%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Hanover Insurance Group (THG) Q2 Earnings and Revenues Top Estimates

WORCESTER, Mass., July 27, 2021 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $128.5 million, or $3.52 per diluted share, in the second quarter of 2021, compared to $115.2 million, or $3.01 per diluted share, in the prior-year quarter.

The Hanover Reports Second Quarter Net Income and Operating Income of $3.52 and $2.85 per Diluted Share, Respectively; Combined Ratio of 94.4%; Combined Ratio, Excluding Catastrophes, of 87.9%

WORCESTER, Mass., July 22, 2021 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG), a leading property and casualty insurance company, today announced the launch of its new TAP Sales quote-and-issue platform for small commercial, The Hanover's latest addition to its suite of digital agency resources.

The Hanover Launches New Quote-and-Issue Platform for Small Businesses, TAP Sales

WORCESTER, Mass., July 8, 2021 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced investments in its Hanover Lawyers Advantage and Hanover Healthcare Facilities Advantage product suites, further enhancing the company's broad portfolio of highly specialized capabilities, including its professional liability solutions.

The Hanover Announces Enhancements to Its Specialized Solutions for Lawyers and Healthcare Facilities

WORCESTER, Mass., June 28, 2021 /PRNewswire/ -- In recognition of National Insurance Awareness Day today, The Hanover Insurance Group, Inc. (NYSE: THG) commissioned a survey that analyzed how the pandemic has changed Americans' personal lives and whether they have made the adjustments necessary to maintain effective insurance protection.

Survey Reveals Common Insurance Blind Spots

Let's see if Hanover Insurance (THG) stock is a good choice for value-oriented investors right now from multiple angles.

Is Hanover Insurance (THG) a Suitable Value Investor Stock?

WORCESTER, Mass., June 21, 2021 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) expects to issue its second quarter financial results after the market closes on Tuesday, July 27.

The Hanover Insurance Group, Inc. to Issue Second Quarter Financial Results on July 27

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of the property/casualty subsidiaries of The Hanover Insurance Group, Inc. (THG) [NYSE: THG], which are collectively referred to as The Hanover or the group. Additionally, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) and all Long-Term Issue Credit Ratings (Long-Term IR) of THG, which is the parent holding

AM Best Affirms Credit Ratings of The Hanover Insurance Group, Inc. and Its Subsidiaries

WORCESTER, Mass., May 11, 2021 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced its board of directors has increased the company's existing share repurchase authorization by $400 million, to $1.3 billion.

The Hanover Increases Share Repurchase Authorization by $400 Million

The Hanover Insurance Group, Inc. (THG) CEO Jack Roche on Q1 2021 Results - Earnings Call Transcript

Hanover Insurance (THG) delivered earnings and revenue surprises of 121.33% and 1.25%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Hanover Insurance Group (THG) Q1 Earnings and Revenues Surpass Estimates

WORCESTER, Mass., April 29, 2021 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $92.7 million, or $2.51 per diluted share, in the first quarter of 2021, compared to a net loss of $40.0 million, or $1.04 per basic share*, in the prior-year quarter.

The Hanover Reports First Quarter Net Income and Operating Income of $2.51 and $1.66 per Diluted Share, Respectively; Combined Ratio of 98.8%; Combined Ratio, Excluding Catastrophes, of 87.3%

WORCESTER, Mass., April 28, 2021 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced the addition of motorcycle insurance coverage to The Hanover's suite of personal insurance products.

The Hanover Adds Motorcycle Insurance to Personal Lines Product Suite

WORCESTER, Mass., April 26, 2021 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG), a leading property and casualty insurance company, today announced Willard T.

The Hanover Insurance Group, Inc. Appoints Willard T. Lee Chief Information Officer

WORCESTER, Mass., April 15, 2021 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced it expects its first quarter catastrophe losses to be approximately $133 million, before taxes, or $105 million after taxes, driven primarily by the severe winter freeze events that spread throughout the Southern United States in February.

The Hanover Announces First Quarter Catastrophe Losses

American Equity Investment Life

American Financial Group

Primerica

American Equity Investment makes the list

5 Insurance Companies Boosting Earnings

Enstar Group

Kemper

According to the GuruFocus All-In-One Screener, a Premium feature, the following companies providing insurance services were trading with low price-sales ratios as of April 7.

5 Insurance Companies Trading with Low Price-Sales Ratio

WORCESTER, Mass., April 5, 2021 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) will hold an online, virtual annual meeting of shareholders on Tuesday, May 11, 2021, at 9:00 a.m.

News for Hanover Insurance Group Stock (THG)