The Hanover Insurance (US:THG)2025-10-30 14:00Financial Highlights - The Hanover Insurance Group reported a record third quarter net income per diluted share of $4.90[3] and an operating income per diluted share of $5.09[3] - The company achieved a net income return on equity of 21.5%[3,4] and an operating income return on equity of 21.1%[3,4] - The book value per share increased to $96.00, up 7.1% from June 30, 2025, and 21.2% from December 31, 2024[3] - Net investment income increased by 27.5% to $117.0 million, driven by higher earned yields and cashflows[3,9] Underwriting Performance - The combined ratio was 91.1%, with a combined ratio excluding catastrophes of 88.1%[3] - Catastrophe losses amounted to $46.2 million, representing 3.0 points of the combined ratio[3] - The loss and loss adjustment expense (LAE) ratio was 59.8%, a decrease of 4.7 points compared to the prior-year quarter[3] - Net premiums written increased by 4.5%[3,6] Segment Results - Core Commercial net premiums written grew by 3.5%[10,13] with renewal price increases of 9.9%[3,16] - Specialty net premiums written increased by 8.3%[17,22,25], with renewal price increases of 8.3%[3,25] - Personal Lines net premiums written increased by 3.6%[26,31], with renewal price increases of 10.5%[3,32]