earnings
confidence high
sentiment positive
materiality 0.75
Hanover Q2 net income $3.52 EPS, operating $2.85; combined ratio 94.4%
HANOVER INSURANCE GROUP, INC.
2021-Q2 EPS reported
$6.03
revenue$2,576,700,000
- Net income $128.5M ($3.52 diluted EPS) vs $115.2M ($3.01) prior year; operating income $104.0M ($2.85) vs $62.7M ($1.63).
- Combined ratio improved to 94.4% from 96.2%; ex-cat combined ratio 87.9%.
- Net premiums written $1.207B, up 11.7% (8.6% adjusted for 2020 premium returns).
- Catastrophe losses $76.8M (6.5% of NPE), 40 bps above expectations, driven by Midwest storms.
- Book value per share $88.23, up 4.8% from Q1; share repurchases of 542k shares for $73.3M.