Hanover Q4 net loss $11.6M, operating loss $37.4M; Winter Storm Elliott drove $165M catastrophe losses

HANOVER INSURANCE GROUP, INC.

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

Net loss of $11.6M ($0.33 per basic share) vs net income $163.5M in Q4 2021.
Operating loss of $37.4M ($1.05 per share) vs operating income $122.1M prior year.
Combined ratio 108.0% (94.1% ex-catastrophes); catastrophe losses $189.6M incl $165M from Winter Storm Elliott.
Full-year net income $116.0M ($3.21 diluted) vs $418.7M; combined ratio 99.8%.
Board approved 8% dividend increase to $0.81/quarter; book value per share $65.38, up 1.2% from Q3.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HANOVER INSURANCE GROUP, INC. reported the full year 2022 results: net income Net income was $116.0 million, or $3.21 per diluted share, EPS $3.21 per diluted share.

Period: the full year 2022
Net income: Net income was $116.0 million, or $3.21 per diluted share
EPS: $3.21 per diluted share
Result: reported results

Exact text from the filing

Net income was $116.0 million, or $3.21 per diluted share, in the full year 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HANOVER INSURANCE GROUP, INC. reported the quarter ended December 31, 2022 results: net income net loss of $11.6 million, or $0.33 per basic share, EPS $0.33 per basic share.

Period: the quarter ended December 31, 2022
Net income: net loss of $11.6 million, or $0.33 per basic share
EPS: $0.33 per basic share
Result: reported results

Exact text from the filing

The Hanover Insurance Group, Inc. (NYSE: THG) today reported a net loss of $11.6 million, or $0.33 per basic share**, in the fourth quarter of 2022

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

HANOVER INSURANCE GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-001619

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