earnings
confidence high
sentiment positive
materiality 0.85
Hanover Q3 EPS $2.80, operating EPS $3.05; combined ratio improves to 95.5% from 104.4%
HANOVER INSURANCE GROUP, INC.
2024-Q3 EPS reported
$7.10
revenue$4,653,100,000
- Net income $102.1M ($2.80/diluted share) vs $8.6M ($0.24) a year ago; operating income $111.3M ($3.05/diluted).
- Combined ratio improved 8.9 points to 95.5%; ex-cat combined ratio 88.3%, best in several years.
- Net premiums written up 4.2% to $1.66B; Personal Lines premiums up 6.8% on 15.4% renewal price increases.
- Catastrophe losses $105.9M (7.2 points) vs $196M (13.7 points) in Q3 2023.
- Book value per share $79.90, up 12.6% from June 30; net unrealized losses on fixed maturities narrowed to $316.5M from $620.9M.