Financial Performance - Gross premiums written for Q4 2024 reached $1,625.8 million, an increase from $1,502.4 million in Q4 2023, representing a growth of 8.2% year-over-year[7] - Net premiums earned in Q4 2024 were $1,511.6 million, up from $1,440.3 million in Q4 2023, reflecting a year-over-year increase of 4.9%[7] - Operating income after taxes for Q4 2024 was $194.6 million, compared to $113.1 million in Q4 2023, marking a significant increase of 72.0%[7] - Total revenues for the year ended December 31, 2024, increased by 4.1% to $6,237.4 million compared to $5,993.5 million in 2023[10] - Net income for Q4 2024 was $167.9 million, a 55.6% increase from $107.9 million in Q4 2023[10] - Operating income before income taxes improved to $111.3 million in 2024 from a loss of $304.3 million in 2023, indicating a turnaround in profitability[36] - The company reported a GAAP underwriting loss of $4.1 million in 2024, a significant improvement from a loss of $411.6 million in 2023[36] - The net income for the year ended December 31, 2024, was $426.0 million, compared to $35.3 million in 2023, indicating a significant growth[58] - The diluted earnings per share for the year ended December 31, 2024, was $11.70, compared to $0.98 in 2023, reflecting a substantial increase[58] Assets and Equity - Total assets as of December 31, 2024, were $15,367.0 million, up from $14,612.6 million at the end of 2023, indicating a growth of 5.2%[7] - Total shareholders' equity increased to $2,841.8 million by December 31, 2024, compared to $2,465.6 million at the end of 2023, a rise of 15.2%[7] - The company reported a book value per share of $79.18 as of December 31, 2024, up from $68.93 a year earlier, reflecting a growth of 14.0%[7] - Total assets as of December 31, 2024, increased by 4.8% to $15,317.2 million compared to $14,612.6 million in 2023[12] - Cash and cash equivalents rose by 49.3% to $471.8 million in 2024 from $316.1 million in 2023[12] Premiums and Underwriting - Gross premiums written increased to $6,732.9 million in 2024, up from $6,432.9 million in 2023, representing a growth of 4.67%[18] - Net premiums written rose to $6,083.6 million in 2024, compared to $5,810.2 million in 2023, reflecting an increase of 4.69%[18] - Net premiums earned reached $5,912.6 million in 2024, up from $5,663.1 million in 2023, indicating a growth of 4.39%[18] - The combined ratio for 2024 was 94.8%, an improvement from 103.5% in 2023, indicating enhanced operational efficiency[20] - The combined ratio for Q4 2024 was 95.0%, compared to 89.2% in Q4 2023, indicating a deterioration in underwriting performance[15] Investment Performance - Net investment income rose by 23.4% to $100.7 million in Q4 2024 from $81.6 million in Q4 2023[10] - Net investment income increased to $372.6 million in 2024, compared to $332.1 million in 2023, marking a growth of 12.2%[20] - Net investment income for Q1 2024 was $40.8 million, up from $36.1 million in Q1 2023[22] - The total investments as of December 31, 2024, were valued at $9,881.6 million, with a net unrealized loss of $509.3 million[47] Operational Efficiency - The expense ratio for 2024 was 31.3%, slightly improved from 30.5% in 2023, indicating effective cost control measures[20] - The expense ratio for Q1 2024 was 37.0%, up from 35.3% in Q1 2023, reflecting increased operational costs[27] - The current year loss and LAE ratio, excluding catastrophe losses, was 58.2% in 2024, down from 61.1% in 2023, reflecting better loss management[20] - The loss and LAE ratio for Q1 2024, excluding catastrophe losses, was 48.7%, compared to 53.5% in Q1 2023, indicating improved loss management[27] Future Outlook and Strategy - The company plans to continue expanding its market presence through new product offerings and strategic acquisitions in 2025[6] - The company aims to enhance its technology capabilities to improve customer experience and operational efficiency in the upcoming fiscal year[6] Ratings and Stock Information - The Hanover Insurance Group, Inc. has a financial strength rating of A from A.M. Best and an S&P rating of A[76] - The company's senior debt is rated bbb+ by A.M. Best, BBB by S&P, and Baa2 by Moody's[76] - The subordinated debentures have a rating of bbb- from A.M. Best, BB+ from S&P, and Baa3 from Moody's[76] - The Hanover Insurance Group's common stock is traded on the New York Stock Exchange under the symbol "THG"[77]

Fourth Quarter Highlights Net and operating return on equity(1) of 23.5% and 24.4%, respectively Combined ratio of 89.2%; combined ratio, excluding catastrophes(2), of 87.5% Catastrophe losses of $26.0 million, or 1.7 points of the combined ratio Net premiums written increase of 7.4%* Renewal price increases(3) of 14.2% in Personal Lines, 11.8% in Core Commercial, and 9.5% in Specialty Rate increases(3) of 13.1% in Personal Lines, 9.2% in Core Commercial, and 6.1% in Specialty Loss and loss adjustment expe ...

Company Overview - The Hanover Insurance Group, Inc is the holding company for several property and casualty insurance companies, constituting one of the largest insurance businesses in the United States [4] - The company provides insurance solutions through independent agents and brokers, offering standard and specialized insurance protection for small and mid-sized businesses, homes, automobiles, and other personal items [4] Community Impact and Employee Engagement - The Hanover and its employees raised over $1 5 million for nonprofit organizations, including United Way, Feeding America, Boys & Girls Clubs of America, American Red Cross, and Insurance Industry Charitable Foundation [1] - 84% of the company's employees participated in the 2024 annual giving campaign, benefiting nearly 1,900 nonprofits nationwide in 2025 [2] - The company's charitable foundation provided matching contributions to the donations [2] Leadership and Partnerships - John C Roche, president and CEO of The Hanover, emphasized the company's commitment to giving back and the impact of employee involvement in community support [3] - Angela F Williams, president and CEO of United Way Worldwide, praised The Hanover for its community spirit and generosity, highlighting the power of collective action in addressing critical needs [3]

WORCESTER, Mass., Jan. 28, 2025 /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, are scheduled to participate in a fireside chat at the Bank of America Securities 2025 Financial Services Conference on Tuesday, February 11, 2025, from 8:50 a.m. to 9:30 a.m. Eastern Time. Roche and Farber will also host several one-on-one and group meetings with invest ...

WORCESTER, Mass., Jan. 16, 2025 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) recently has been recognized by Newsweek as one of America's Most Responsible Companies and by the Human Rights Campaign Foundation with a score of 100 on its Corporate Equality Index. These awards mark the fourth consecutive year the company has earned the Newsweek recognition and the seventh consecutive recognition from the Human Rights Campaign Foundation. Companies named to Newsweek's Most Responsible Companies ...

NEW YORK, Dec. 19, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating The Hanover Insurance Group, Inc. (NYSE: THG) on behalf of the company's shareholders. The investigation seeks to determine whether The Hanover Insurance Group's directors breached their fiduciary duties in connection with recent corporate actions.If you are a shareholder of The Hanover Insurance Group, Inc. and are interested in obtaining additional information regarding your rights and options, free of charg ...

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 ...

New Hedera HBAR ETP Launched on Euronext: Valour Digital Securities Limited has introduced a new Hedera HBAR ETP (ISIN: GB00BRC6JM96) on Euronext Amsterdam, expanding access to Hedera's native token, HBAR, for European investors. Distinct Offering: This new listing represents the first physically backed Hedera ETP under Valour's Digital Securities Limited base prospectus, distinct from the previously launched product on Börse Frankfurt, enabling broader market accessibility for institutional and retail inv ...

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 ...