Shares of The Hanover Insurance Group (THG) closed at $143.98 on Thursday, near its 52-week high of $144.10, after having gained 34.9% in a year. Shares outperformed the industry, the Finance sector as well as the Zacks S&P 500 composite index in the same time frame. Continued strong performing Core Commercial and Specialty segments, stable retention, better pricing, strong market presence and a solid capital position poise this insurer well for long-term growth. Hanover Insurance believes that it is well-p ...

WORCESTER, Mass., Aug. 22, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced John C. Roche, president and chief executive officer, and Jeffrey M. Farber, executive vice president and chief financial officer, will participate in a fireside chat at the Keefe, Bruyette & Woods Insurance Conference on Thursday, September 5 from 11:20 a.m. to 12:00 p.m. E.T. The discussion will be broadcast live through the company's website on hanover.com under "Investors." A replay of the event ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that me ...

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. As part of the company's distinctive workers' compensation offering, The Hanover offers claims specialists who proactively gain insights into factors that may impact the treatment of an injured worker beyond physical recovery and help structure a more holistic and ind ...

Hanover Insurance Group (THG) reported $1.57 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 4.3%. EPS of $1.88 for the same period compares to -$1.91 a year ago. The reported revenue represents a surprise of +0.37% over the Zacks Consensus Estimate of $1.57 billion. With the consensus EPS estimate being $1.88, the company has not delivered EPS surprise. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

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 Curr ...

"We place a strong focus on cultivating a workplace culture that attracts highly skilled professionals, ensuring that these employees feel a sense of appreciation and belonging, and that we are helping them build rewarding and fulfilling careers," said Denise Lowsley, chief human resources officer at The Hanover. "In our line of work, where our customers depend on us to protect what matters most to them, our employees are our greatest asset. Creating an inclusive environment where they feel appreciated and ...

Hanover Insurance Group (THG) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on July 31, 2024, might help the stock move higher if these key numbers are bette ...

Core Insights - The Hanover Insurance Group reported a preliminary estimate of $157.1 million in catastrophe losses for Q2 2024, equating to 10.7 points of net earned premium, primarily affecting the Personal Lines business [1][2] - The property and casualty insurance industry experienced significant catastrophe losses in Q2 2024, with the highest losses for May in over a decade, highlighting the importance of the company's catastrophe management plan initiated last year [2] - The company expects a combined ratio of 99.2% for Q2 2024, with an ex-CAT combined ratio of 88.5%, indicating strong underlying performance despite the catastrophe losses [2][3] Financial Performance - The Hanover anticipates after-tax net income of $1.12 per diluted share and operating income of $1.88 per diluted share for Q2 2024, reflecting a solid bottom line despite the impact of catastrophe losses [2][16] - The company reported a significant year-over-year improvement in the ex-CAT Personal Lines loss ratio, driven by enhanced profitability in auto and homeowners lines [2] - The Core and Specialty segments showed continued strength, with effective navigation of liability trends and execution of property portfolio initiatives [2] Underwriting Ratios - The combined ratio (GAAP) for Q2 2024 is expected to be 99.2%, with a catastrophe ratio of 10.7% and a combined ratio excluding catastrophes (non-GAAP) of 88.5% [3][15] - The loss and LAE ratio (GAAP) will also reflect the impact of catastrophe losses, with a focus on current accident year loss ratios excluding catastrophes [4][17] Company Overview - The Hanover Insurance Group is a major player in the U.S. property and casualty insurance market, providing insurance solutions through independent agents and brokers for small to midsized businesses, homes, and automobiles [6]

SOURCE The Hanover Insurance Group, Inc. WORCESTER, Mass., July 1, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) expects to issue its second quarter financial results after the market closes on Wednesday, July 31, 2024. The company expects to webcast a discussion of its results on Thursday, August 1, at 10:00 a.m. ET, through its website at hanover.com. The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitu ...