earnings
confidence high
sentiment positive
materiality 0.85
Hanover reports record Q4 operating EPS $5.32; combined ratio 89.2%
HANOVER INSURANCE GROUP, INC.
2024-FY EPS reported
$11.70
revenue$6,237,400,000
- Q4 net income $167.9M ($4.59/diluted share); operating income $194.6M ($5.32/sh), both record highs.
- Full year net income $426.0M ($11.70/sh), operating $485.9M ($13.34/sh); combined ratio 94.8%.
- Net premiums written rose 7.4% in Q4; renewal price increases of 14.2% Personal Lines, 11.8% Core Commercial, 9.5% Specialty.
- Net investment income $100.7M (+23.4% YoY); book value per share $79.18 (+14.9% from Dec 2023).
- Board raised quarterly dividend 5.9% to $0.90/sh; repurchased ~170k shares for $26.7M in Q4.