Hanover Q3 net income $0.24 EPS; catastrophe losses $195.8M drive combined ratio to 104.4%

HANOVER INSURANCE GROUP, INC.

2023-Q3 EPS reported -$2.03 revenue$4,464,700,000

Net income $8.6M ($0.24/diluted) vs $0.5M ($0.01) prior year; operating income $6.8M ($0.19) vs $35.7M ($0.99).
Combined ratio 104.4% (catastrophe losses 13.7 pts); ex-catastrophe combined ratio improved to 90.7% from 94.2%.
Net premiums written up 6.0% to $1.596B; renewal price increases of 18.0% in Personal Lines, 12.9% in Specialty, 11.8% in Core Commercial.
Personal Lines operating loss before tax $100.4M vs loss $18.8M prior year, driven by $144.3M catastrophe losses.
Book value per share $59.21, down 5.4% from June 30; no share repurchases in quarter.

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 0.75

HANOVER INSURANCE GROUP, INC. reported the quarter ended September 30, 2023 results: net income $8.6 million, or $0.24 per diluted share, EPS $0.24 per diluted share.

Period: the quarter ended September 30, 2023
Net income: $8.6 million, or $0.24 per diluted share
EPS: $0.24 per diluted share
Result: reported results

Exact text from the filing

On November 1, 2023, The Hanover Insurance Group, Inc. (the Company) issued a press release announcing its financial results for the quarter ended September 30, 2023.

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HANOVER INSURANCE GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-057548

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