Hanover reports record Q2 net income $5.38 EPS; combined ratio 91.2%; CEO Roche to retire at year-end

HANOVER INSURANCE GROUP, INC.

Net income $191.6M ($5.38 EPS) vs $157.1M ($4.30) prior year; operating income $189.2M ($5.31) vs $158.7M ($4.35).
Combined ratio improved to 91.2% from 92.5%; ex-catastrophe combined ratio 85.5% unchanged.
Net premiums written up 4.6% to $1,656.8M; net investment income up 13.4% to $119.6M.
Book value per share $105.40, up 3.5% from Q1; $55M in share repurchases in Q2.
CEO John Roche to retire at end of 2026; Dick Lavey named as successor.

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