secwatch.observer — SEC 8-K summary
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Issuer:     HANOVER INSURANCE GROUP, INC. (THG)
CIK:        0000944695
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0000950170-23-001619
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944695/000095017023001619/0000950170-23-001619-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944695/000095017023001619/thg-20230201.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001619

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer