earnings
confidence high
sentiment positive
materiality 0.80
Hanover Q1 net income $5.20/sh, operating income $5.25/sh; combined ratio 91.7%
HANOVER INSURANCE GROUP, INC.
2026-Q1 EPS
reported $5.20
vs consensus $4.23
▲ beat
(+22.8%)
- Net income $186.8M ($5.20 diluted EPS) vs $128.2M ($3.50) YoY; operating income $188.5M ($5.25) vs $141.8M ($3.87).
- Combined ratio improved to 91.7% from 94.1% YoY; ex-catastrophe combined ratio 85.4% vs 87.8%.
- Net premiums written $1.56B, up 3.2% YoY; net investment income $126.9M, up 19.6%.
- Core Commercial combined ratio 96.6% (103.4% YoY); Personal Lines 91.5% (89.7% YoY); Specialty 84.2% (87.7% YoY).
- Repurchased 580k shares for ~$101M YTD through Apr 28; book value per share $101.86, up 1.0% from Dec 2025.