The Hanover Insurance (THG)

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The Hanover Reports Strong Second Quarter Net Income and Operating Income of $1.12 and $1.88 per Diluted Share, Respectively
Prnewswire· 2024-07-31 20:05
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 ...
The Hanover Recognized as a Best Place to Work by U.S. News & World Report, Disability Equality Index
Prnewswire· 2024-07-25 15:00
"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) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-07-24 15:07
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 ...
The Hanover Estimates Second Quarter Catastrophe Losses and Solid Preliminary Results
Prnewswire· 2024-07-18 20:14
WORCESTER, Mass., July 18, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced a preliminary estimate for second quarter catastrophe losses(1) of $157.1 million, before taxes, or 10.7 points of net earned premium. The losses primarily resulted from severe convective storm activity and mostly impacted the company's Personal Lines business. "The property and casualty insurance industry sustained very significant catastrophe losses in the second quarter, including the highest CAT ...
The Hanover Insurance Group, Inc. to Issue Second Quarter Financial Results on July 31
Prnewswire· 2024-07-01 19:05
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 ...
The Hanover Study Finds Homeowners Need Guidance and Support To Properly Maintain Their Homes
Prnewswire· 2024-06-20 14:00
WORCESTER, Mass., June 20, 2024 /PRNewswire/ -- According to the 2024 Home Maintenance Report released today by The Hanover Insurance Group, Inc. (NYSE: THG), many homeowners don't know how to properly upkeep and maintain their homes to help avoid significant and costly damage. The report highlights opportunities for improving risk mitigation efforts related to areas susceptible to common losses. While the 2024 Home Maintenance Report found homeowners are actively taking care of their homes, the data did sh ...
Why You Should Stay Invested in Hanover Insurance (THG) Stock
ZACKS· 2024-06-04 18:51
The Hanover Insurance Group's (THG) growth in the Core Commercial and Specialty segments, stable retention, better pricing, strong market presence and solid capital position poise it well for growth. Shares have gained 6.5% year to date, compared with the industry's increase of 16.6%. The insurer carries a Zacks Rank #3 (Hold). It has a VGM Score of B. Image Source: Zacks Investment Research Return on Equity Hanover Insurance believes that it is well-positioned to achieve a long-term return on equity target ...
The Hanover Insurance Group, Inc. Declares Quarterly Dividend of $0.85 Per Common Share
Prnewswire· 2024-06-03 13:09
WORCESTER, Mass., June 3, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) announced today its board of directors has declared a quarterly dividend of $0.85 per share on the issued and outstanding common stock of the company, payable June 28, 2024, to shareholders of record at the close of business on June 14, 2024. Forward-Looking Statements Statements regarding quarterly or future dividends, whether regular or special, payable to the company's shareholders, which may be subject to future ...
The Hanover Insurance (THG) - 2024 Q1 - Earnings Call Transcript
2024-05-04 17:35
The Hanover Insurance Group, Inc. (NYSE:THG) Q1 2024 Results Conference Call May 2, 2024 10:00 AM ET Company Participants Oksana Lukasheva - Senior Vice President of Corporate Finance John Roche - President, CEO & Director Jeff Farber - Chief Financial Officer Bryan Salvatore - Executive VP & President of Specialty Richard Lavey - Executive VP & President of Hanover Agency Markets Conference Call Participants Michael Phillips - Oppenheimer Jack Matten - BMO Grace Carter - Bank of America Operator Good day, ...
The Hanover Insurance (THG) - 2024 Q1 - Quarterly Report
2024-05-02 20:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbols | Name of each exchange on which registered | | --- | - ...