secwatch.observer — SEC 8-K summary
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Issuer:     HANOVER INSURANCE GROUP, INC. (THG)
CIK:        0000944695
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0000950170-23-033617
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hanover estimates Q2 cat loss $262M; net loss $(1.94)/share
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- Preliminary Q2 cat loss ~$262M pre-tax (18.5 pts net earned premium) from 19 convective storms, mostly hail.
- Expected combined ratio 111.3%; ex-cat combined ratio 92.8%.
- Net loss per basic share $(1.94); operating loss per basic share $(1.91).
- Personal Lines hardest hit; Michigan key market; homeowners renewal price increases of 22% in Q2.
- Margin recapture progress includes higher property pricing and successful July 1 reinsurance renewal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944695/000095017023033617/0000950170-23-033617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944695/000095017023033617/thg-20230720.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-033617

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