WORCESTER, Mass., Dec. 19, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) expects to issue its fourth quarter and full-year financial results after the market closes on Tuesday, February 4, 2025. The company expects to webcast a discussion of its results on Wednesday, February 5, at 10:00 a.m. ET, through its website at hanover.com. About The HanoverThe Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute on ...

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The board of directors of The Hanover Insurance Group, Inc. (THG) approved a 5.9% hike in its quarterly dividend, marking the 20th straight year of increase. The payout now stands at 90 cents per share compared with the earlier payout of 85 cents per share. The company’s five-year annualized dividend growth of about 6.8% and the payout ratio of 30 not only reflect this Zacks Rank #3 (Hold) insurer’s operational strength but also its commitment to distributing wealth to shareholders. This insurer also pays s ...

WORCESTER, Mass., Dec. 2, 2024 /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 $0.90 per share on the issued and outstanding common stock of the company, payable December 27, 2024, to shareholders of record at the close of business on December 13, 2024."This is the 20th consecutive year we have increased our quarterly dividend, demonstrating our commitment to delivering enhanced value to our ...

Financial Data and Key Metrics Changes - The company generated operating income of $3.5 per diluted share, yielding an operating return on equity of 14.4% [9] - The ex-cat combined ratio improved by 2.4 points compared to the previous year's quarter, reaching 88.3%, marking the best performance in several years [34][37] - The consolidated expense ratio increased to 31%, reflecting higher agency and employee compensation, but the company remains committed to improving the expense ratio by 20 basis points per year [40][41] Business Line Data and Key Metrics Changes - Personal Lines reported a premium growth of 6.8% in the quarter, driven entirely by pricing, with policies in force declining year-over-year [12][46] - Core Commercial Lines delivered a combined ratio excluding catastrophes of 91.1%, up 1 point from the prior year quarter, with a current accident year loss ratio of 58.2% [47] - Specialty segment's combined ratio excluding catastrophes increased by 1.3 points to 82.6%, driven by higher expenses, while net written premiums grew 3.4% in the quarter [50][52] Market Data and Key Metrics Changes - The company strategically limited exposure in Florida and the Carolinas, opting not to over-participate in the Gulf Coast wind markets [35] - The company expects net written premium growth in the fourth quarter to exceed 6%, with minimal impact anticipated from Hurricane Milton [60] Company Strategy and Development Direction - The company is focused on enhancing pricing, insurance to value adjustments, and targeted underwriting actions to improve profitability [7][10] - The company aims to accelerate growth in states with attractive profitability and geographic profiles while mitigating overall catastrophe risk exposures [14][15] - Investments in technology and talent in the specialty business are expected to enhance underwriting and operational efficiencies [26][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating social inflation trends and maintaining strong profitability, despite challenges in the industry [10][25] - The company anticipates a continued improvement in margins and profitability, with expectations to achieve target returns in Personal Lines by mid-2025 [45][46] - Management remains optimistic about the growth trajectory in the specialty market, particularly in E&S and surety lines [30][32] Other Important Information - The company reported a 12.6% increase in book value per share from Q2 to $79.90, driven by earnings and changes in unrealized losses [56] - The company has not repurchased shares during the winter season but remains committed to returning capital to investors through dividends and strategic buybacks [57][93] Q&A Session Summary Question: Insights on Personal Lines segment and future growth - Management indicated that both auto and home lines are at target margins and expressed excitement about moving towards more offensive growth strategies in states where they have achieved target returns [62][63] Question: Impact of deductible changes on future storm events - Management noted that by April of next year, the portfolio will be significantly improved due to pricing and deductible changes, which will provide meaningful benefits in future storm events [68][69] Question: Commentary on liability picks in core commercial - Management clarified that the increase in liability picks is a conservative approach to guard against volatility in loss trends, with expectations for a balanced loss ratio in 2024 [71][72] Question: Competitive environment and pricing trends - Management observed a flattening of property pricing but an increase in liability pricing, indicating a competitive landscape with variances across different market segments [81][84] Question: Future capital management strategies - Management expressed support for routine dividend growth and potential share buybacks, indicating a likelihood of returning to capital management sooner rather than later [93][94]

The Hanover Insurance Group, Inc. 1 Third Quarter 2024 Results October 30, 2024 To be read in conjunction with the press release dated October 30, 2024, and conference call scheduled for October 31, 2024. Please also see important information regarding forward-looking statements and additional risks and uncertainties at the end of this presentation. Excellent Third Quarter 2024 Operating Highlights • Combined ratio of 95.5%; combined ratio, excluding catastrophes(1), of 88.3% • Catastrophe losses of $105.9 ...

Hanover Insurance Group (THG) reported $1.58 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 3.6%. EPS of $3.05 for the same period compares to $0.19 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.59 billion, representing a surprise of -0.76%. The company delivered an EPS surprise of +15.09%, with the consensus EPS estimate being $2.65. While investors scrutinize revenue and earnings changes year-over-year and how they compa ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.09%. A quarter ago, it was expected that this insurance company would post earnings of $1.88 per share when it actually produced earnings of $1.88, delivering no surprise.Over the last four quarters, the ...

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 Curren ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Hanover Insurance Group (THG) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers are ...