The Hanover Estimates Q2 Catastrophe Losses Of $157.1M And Expects To Generate After-Tax Net Income Of $1.12 Per Diluted Share And Operating Income Of $1.88 Per Diluted Share In Q2

7/18/24 4:20:58 PM ET

Property-Casualty Insurers

Finance

Get the next $THG alert in real time by email

Taking catastrophe loss estimates and other currently available information into account, the company expects to report a second quarter combined ratio of 99.2%, and an ex-CAT combined ratio(2) of 88.5%. The company also expects to generate after-tax net income of $1.12 per diluted share and operating income(3) of $1.88 per diluted share for the second quarter. The difference between net income and operating income per share is due to the sale of some lower coupon fixed income securities, in consideration of expiring tax gains from 2021.

Get the next $THG alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$THG

Date	Price Target	Rating	Analyst
11/21/2024	$176.00	Buy → Neutral	Janney
11/16/2023	$135.00	Outperform	Oppenheimer
8/31/2023	$125.00 → $126.00	Market Perform → Outperform	BMO Capital Markets
7/6/2023	$155.00 → $153.00	Neutral → Overweight	Piper Sandler
5/18/2023	$142.00 → $130.00	Buy → Neutral	BofA Securities
1/20/2023	$141.00	Market Perform	BMO Capital Markets
11/11/2022	$164.00	Buy	Janney
11/7/2022	$144.00	Overweight → Neutral	Piper Sandler

More analyst ratings

$THG
Financials

Live finance-specific insights

The Hanover Reports Excellent Third Quarter Net Income and Operating Income of $2.80 and $3.05 per Diluted Share, Respectively; Net and Operating Return on Equity of 15.0% and 14.4%, Respectively
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 ratioNet 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 SpecialtyRate increases(2) of 14.4% in Personal Lines, 10.0% in Core Commercial and 7.6% in SpecialtyLoss and loss adjustment expense (LAE) ratio of 64.5%, 9.7 points below the prior-year quarterCurrent accident year loss and LAE ratio, excluding catastrophes(3), of 58.2%, 2.4 points below the prior-year quarter, led by strong improvement in Personal LinesNet investment income of $91.8 millio
10/30/24 4:05:00 PM ET
$THG
Property-Casualty Insurers
Finance
The Hanover Insurance Group, Inc. Declares Quarterly Dividend of $0.85 Per Common Share
WORCESTER, Mass., Sept. 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 September 27, 2024, to shareholders of record at the close of business on September 13, 2024. Forward-Looking StatementsStatements regarding quarterly or future dividends, whether regular or special, payable to the company's shareholders, which may be subject to future increases, decreases, or elimination, as determined by The Ha
9/3/24 9:15:00 AM ET
$THG
Property-Casualty Insurers
Finance
The Hanover Reports Strong Second Quarter Net Income and Operating Income of $1.12 and $1.88 per Diluted Share, Respectively
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 ratioNet 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 SpecialtyRate increases(2) of 16.6% in Personal Lines, 9.3% in Core Commercial and 8.2% in SpecialtyLoss and loss adjustment expense (LAE) ratio of 68.4%, 12.3 points below the prior-year quarterCurrent accident year loss and LAE ratio, excluding catastrophes(3), of 58.9%, 3.4 points below the prior-year quarter, with improvement in each major segmentNet investment income of $90.4 million,
7/31/24 4:05:00 PM ET
$THG
Property-Casualty Insurers
Finance

$THG
Leadership Updates

Live Leadership Updates

The Hanover Appoints Mina S. Rona President of Technology and Life Sciences
WORCESTER, Mass., Jan. 4, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) today announced the appointment of Mina S. Rona to president of technology and life sciences. In this role, Rona will assume responsibility for leading the technology and life sciences organization, working closely with industry professionals to develop innovative insurance solutions that address the unique risks faced by businesses in these sectors. Rona joined The Hanover eight years ago and since then she has played a key role in the continued expansion of the company's technology an
1/4/24 11:15:00 AM ET
$THG
Property-Casualty Insurers
Finance
The Hanover Appoints Stephen P. Marohn President, Specialty Property and Casualty
WORCESTER, Mass., Nov. 20, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) today announced it has appointed Stephen P. Marohn president of specialty property and casualty. In this role, Marohn will be responsible for leading the company's excess and surplus (E&S) business, specialty industrial business, Hanover Programs, specialty general liability and Hanover Specialty Insurance Brokers (HSIB).   With more than 30 years of wide-ranging industry experience and an accomplished background in commercial and specialty property and casualty insurance, Marohn most
11/20/23 10:30:00 AM ET
$THG
Property-Casualty Insurers
Finance
The Hanover Appoints Stephanie E. Seibold and Arthur J. Barrett to Key Specialty Leadership Roles
WORCESTER, Mass., Sept. 7, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) today announced it has appointed Stephanie E. Seibold to president of alternative markets and Arthur J. Barrett to president of programs. In this new role, Seibold will lead The Hanover's specialty property and casualty programs, specialty general liability and specialty brokerage businesses. Barrett will report to Seibold and oversee the company's specialty property and casualty programs business. Seibold joined The Hanover in 2007 as a middle market underwriter and has taken on a num
9/7/23 11:15:00 AM ET
$THG
Property-Casualty Insurers
Finance

The Hanover Reports Excellent Third Quarter Net Income and Operating Income of $2.80 and $3.05 per Diluted Share, Respectively; Net and Operating Return on Equity of 15.0% and 14.4%, Respectively
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 ratioNet 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 SpecialtyRate increases(2) of 14.4% in Personal Lines, 10.0% in Core Commercial and 7.6% in SpecialtyLoss and loss adjustment expense (LAE) ratio of 64.5%, 9.7 points below the prior-year quarterCurrent accident year loss and LAE ratio, excluding catastrophes(3), of 58.2%, 2.4 points below the prior-year quarter, led by strong improvement in Personal LinesNet investment income of $91.8 millio
10/30/24 4:05:00 PM ET
$THG
Property-Casualty Insurers
Finance
The Hanover Insurance Group, Inc. to Issue Third Quarter Financial Results on October 30
WORCESTER, Mass., Sept. 23, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) expects to issue its third quarter financial results after the market closes on Wednesday, October 30. The company expects to webcast a discussion of its results on Thursday, October 31, 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 one of the largest insurance businesses in the United States. The company provides exceptiona
9/23/24 4:15:00 PM ET
$THG
Property-Casualty Insurers
Finance
The Hanover Insurance Group, Inc. Declares Quarterly Dividend of $0.85 Per Common Share
WORCESTER, Mass., Sept. 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 September 27, 2024, to shareholders of record at the close of business on September 13, 2024. Forward-Looking StatementsStatements regarding quarterly or future dividends, whether regular or special, payable to the company's shareholders, which may be subject to future increases, decreases, or elimination, as determined by The Ha
9/3/24 9:15:00 AM ET
$THG
Property-Casualty Insurers
Finance

The Hanover Estimates Q2 Catastrophe Losses Of $157.1M And Expects To Generate After-Tax Net Income Of $1.12 Per Diluted Share And Operating Income Of $1.88 Per Diluted Share In Q2
Taking catastrophe loss estimates and other currently available information into account, the company expects to report a second quarter combined ratio of 99.2%, and an ex-CAT combined ratio(2) of 88.5%. The company also expects to generate after-tax net income of $1.12 per diluted share and operating income(3) of $1.88 per diluted share for the second quarter. The difference between net income and operating income per share is due to the sale of some lower coupon fixed income securities, in consideration of expiring tax gains from 2021.
7/18/24 4:20:58 PM ET
$THG
Property-Casualty Insurers
Finance
Looking Into Hanover Insurance Gr's Recent Short Interest
Hanover Insurance Gr's (NYSE:THG) short percent of float has risen 13.08% since its last report. The company recently reported that it has 774 thousand shares sold short, which is 2.42% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.5 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short int
7/3/24 11:00:26 AM ET
$THG
Property-Casualty Insurers
Finance
DoorDash, Wynn Resorts And 2 Other Stocks Insiders Are Selling
The Nasdaq 100 closed higher by around 0.3% on Tuesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Wynn Resorts The Trade: Wynn Resorts, Limited (NASDAQ:WYNN) Director Betsy S Atkins sold a total of 2,446 shares at an average pr
5/29/24 8:21:02 AM ET
$DASH
$MORN
$THG
$WYNN
Business Services
Consumer Discretionary
Investment Managers
Finance

The Hanover Estimates Q2 Catastrophe Losses Of $157.1M And Expects To Generate After-Tax Net Income Of $1.12 Per Diluted Share And Operating Income Of $1.88 Per Diluted Share In Q2

Chat with this insight

Recent Analyst Ratings for $THG

$THG Financials

Live finance-specific insights

The Hanover Reports Excellent Third Quarter Net Income and Operating Income of $2.80 and $3.05 per Diluted Share, Respectively; Net and Operating Return on Equity of 15.0% and 14.4%, Respectively

The Hanover Insurance Group, Inc. Declares Quarterly Dividend of $0.85 Per Common Share

The Hanover Reports Strong Second Quarter Net Income and Operating Income of $1.12 and $1.88 per Diluted Share, Respectively

$THG SEC Filings

SEC Form 13F-NT filed by Hanover Insurance Group Inc

SEC Form 10-Q filed by Hanover Insurance Group Inc

Hanover Insurance Group Inc filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

$THG Leadership Updates

Live Leadership Updates

The Hanover Appoints Mina S. Rona President of Technology and Life Sciences

The Hanover Appoints Stephen P. Marohn President, Specialty Property and Casualty

The Hanover Appoints Stephanie E. Seibold and Arthur J. Barrett to Key Specialty Leadership Roles

$THG Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Hanover Insurance downgraded by Janney with a new price target

Oppenheimer initiated coverage on Hanover Insurance with a new price target

Hanover Insurance upgraded by BMO Capital Markets with a new price target

$THG Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Executive Vice President Lowsley Denise sold $295,909 worth of shares (1,823 units at $162.32), decreasing direct ownership by 31% to 3,993 units (SEC Form 4)

Executive Vice President Farber Jeffrey M sold $810,940 worth of shares (4,913 units at $165.06), decreasing direct ownership by 9% to 49,178 units (SEC Form 4)

SVP & Princpl. Accntg. Officer Barnes Warren E. sold $225,824 worth of shares (1,392 units at $162.23) and exercised 1,392 shares at a strike of $115.35, decreasing direct ownership by 0.00% to 3,024 units (SEC Form 4)

$THG Press Releases

Fastest customizable press release news feed in the world

$THG Market Insights

Live Market Insights

The Hanover Reports Excellent Third Quarter Net Income and Operating Income of $2.80 and $3.05 per Diluted Share, Respectively; Net and Operating Return on Equity of 15.0% and 14.4%, Respectively

The Hanover Insurance Group, Inc. to Issue Third Quarter Financial Results on October 30

The Hanover Insurance Group, Inc. Declares Quarterly Dividend of $0.85 Per Common Share