Hanover Insurance estimates Q4 cat loss $190M pre-tax; Winter Storm Elliott $165M; expects Q4 net loss ($0.33)/share

HANOVER INSURANCE GROUP, INC.

2022-FY EPS reported $3.21 revenue$5,468,600,000

Q4 catastrophe loss estimate ~$190M pre-tax (13.9 points), $137M above catastrophe assumption.
Winter Storm Elliott accounted for ~$165M pre-tax of catastrophe losses, primarily impacting core commercial.
Q4 combined ratio ex-catastrophes 94.1%; full-year ex-cat ratio 92.1% within guidance of 92.0%-92.5%.
Expected Q4 after-tax net loss per share $(0.33); operating loss per share $(1.05).
CEO reports double-digit renewal price increases in all three business segments in Q4.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HANOVER INSURANCE GROUP, INC. reported the fourth quarter 2022 results: net income after-tax net loss per share of $(0.33), EPS after-tax net loss per share of $(0.33). Guidance reaffirmed.

Period: the fourth quarter 2022
Net income: after-tax net loss per share of $(0.33)
EPS: after-tax net loss per share of $(0.33)
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

The Hanover Estimates Fourth Quarter Catastrophe Losses; Full-Year Combined Ratio, Excluding Catastrophes in Line with Guidance

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HANOVER INSURANCE GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-000934

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