earnings
confidence high
sentiment positive
materiality 0.80
Hanover reports record Q4 operating EPS of $3.38; full-year net income $418.7M; dividend raised 7.1%
HANOVER INSURANCE GROUP, INC.
2021-FY EPS reported
$11.49
revenue$5,227,800,000
- Q4 net income $163.5M ($4.53/diluted share) vs $164.6M ($4.43) prior year; operating income $122.1M ($3.38) vs $112.0M ($3.02).
- Full year 2021 net income $418.7M ($11.49/diluted share) up from $358.7M ($9.42); operating income $318.3M ($8.73) vs $355.0M ($9.32).
- Combined ratio 92.9% (89.8% ex-cat); Commercial Lines current accident year ex-cat combined ratio improved to 90.1% from 90.9%.
- Net premiums written up 9.2% in Q4 to $1.215B; full year up 8.6% to $4.993B with strong growth across commercial and personal lines.
- Board approved 7.1% dividend increase to $0.75/share; repurchased $162.6M of stock in 2021, $20M in Q4.