earnings
confidence high
sentiment positive
materiality 0.80
Hanover Q4 net income $107.9M ($2.98/diluted); combined ratio 94.2%, improved from 108%
HANOVER INSURANCE GROUP, INC.
2023-FY EPS reported
$0.98
revenue$5,993,500,000
- Operating income $113.1M ($3.13/diluted) vs operating loss $37.4M a year ago.
- Combined ratio ex-catastrophes improved to 90.2% from 94.1% in Q4 2022.
- Net premiums written $1.35B, up 1.5%; renewal price increases of 20.6% in Personal Lines.
- Full year 2023 combined ratio 103.5% (12.2 pts catastrophes); net income $35.3M ($0.98/diluted).
- Board approved 5% dividend increase to $0.85/quarter; book value $68.93, up 16.4% from Q3.