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Hanover Insurance CEO John C. Roche to retire Dec 31, 2026; COO Richard W. Lavey named CEO-Elect
John C. Roche, 62, will retire as President and CEO and from the Board effective Dec 31, 2026, after a 40-year career.
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Hanover Insurance announces $700M share repurchase program, replaces $63M remaining authorization
New $700M share repurchase authorization approved; no time limit and no obligation to repurchase.
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Hanover Q1 net income $5.20/sh, operating income $5.25/sh; combined ratio 91.7%
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).
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Hanover reports record Q4 net income $198.5M and operating EPS $5.79; dividend hiked 5.6%
Net income Q4 $198.5M ($5.47 diluted) vs $167.9M ($4.59) prior yr; FY $662.5M ($18.16) vs $426.0M ($11.70).
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Hanover reports record Q3 net income $178.7M ($4.90 EPS); combined ratio 91.1%
Net income $178.7M ($4.90/diluted) vs $102.1M ($2.80) YoY; operating income $185.6M ($5.09) vs $111.3M ($3.05).
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Hanover Insurance prices $500M 5.50% senior notes due 2035, to refinance near-term debt
$500M of 5.50% senior notes due Sept 1, 2035 priced on Aug 19, 2025.
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Hanover Q2 earnings beat: EPS $4.30, operating EPS $4.35; combined ratio 92.5%
Net income $157.1M ($4.30 diluted EPS) vs $40.5M ($1.12) prior year; operating income $158.7M ($4.35).
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Hanover reports Q1 operating EPS $3.87, net income $3.50/sh; combined ratio 94.1%
Net income $128.2M ($3.50/sh); operating income $141.8M ($3.87/sh).
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Hanover reports record Q4 operating EPS $5.32; combined ratio 89.2%
Q4 net income $167.9M ($4.59/diluted share); operating income $194.6M ($5.32/sh), both record highs.
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Hanover Q3 EPS $2.80, operating EPS $3.05; combined ratio improves to 95.5% from 104.4%
Net income $102.1M ($2.80/diluted share) vs $8.6M ($0.24) a year ago; operating income $111.3M ($3.05/diluted).
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Hanover Q2 net income $40.5M ($1.12/diluted) vs loss a year ago; combined ratio improves to 99.2% from 111.3%
Operating income $68.1M ($1.88/diluted) vs operating loss $68.3M a year ago.
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Hanover estimates Q2 cat losses of $157.1M; combined ratio 99.2% ex-CAT 88.5%
Catastrophe losses $157.1M pre-tax (10.7 pts net earned premium) from severe convective storms, mostly Personal Lines.
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Hanover Q1 net income $115.5M ($3.18/diluted share); combined ratio 95.5%
Operating income $111.9M ($3.08/diluted) vs $4.6M ($0.13) a year ago.
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Hanover Q4 net income $107.9M ($2.98/diluted); combined ratio 94.2%, improved from 108%
Operating income $113.1M ($3.13/diluted) vs operating loss $37.4M a year ago.
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Hanover Q3 net income $0.24 EPS; catastrophe losses $195.8M drive combined ratio to 104.4%
Net income $8.6M ($0.24/diluted) vs $0.5M ($0.01) prior year; operating income $6.8M ($0.19) vs $35.7M ($0.99).
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Hanover estimates Q3 catastrophe losses of $195.8M, combined ratio 104.4%
Catastrophe loss estimate of $195.8M pre-tax (13.7 pts of NEP) from Midwest convective storms; hail and wind damage primarily in Personal Lines.
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Hanover reports Q2 net loss of $69.2M ($1.94/sh); Personal Lines combined ratio 138% on $261.6M cat losses
Net loss $69.2M vs prior-year net income $22.7M; operating loss $68.3M ($1.91/share).
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Hanover estimates Q2 cat loss $262M; net loss $(1.94)/share
Preliminary Q2 cat loss ~$262M pre-tax (18.5 pts net earned premium) from 19 convective storms, mostly hail.
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Hanover posts Q1 net loss of $12.0M; operating EPS $0.13 vs $3.26 prior; combined ratio 104.4%
Net loss $12.0M (-$0.34/sh); operating income $4.6M ($0.13/sh) vs $117.7M ($3.26/sh) a year ago.
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Hanover estimates Q1 catastrophe losses of $175M pre-tax; CEO calls it break-even quarter
Preliminary Q1 2023 catastrophe loss estimate of $175M pre-tax (12.7 pts of net earned premium).
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Hanover Q4 net loss $11.6M, operating loss $37.4M; Winter Storm Elliott drove $165M catastrophe losses
Net loss of $11.6M ($0.33 per basic share) vs net income $163.5M in Q4 2021.
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Hanover Insurance estimates Q4 cat loss $190M pre-tax; Winter Storm Elliott $165M; expects Q4 net loss ($0.33)/share
Q4 catastrophe loss estimate ~$190M pre-tax (13.9 points), $137M above catastrophe assumption.
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Hanover Q3 net income $0.2M ($0.01 EPS); combined ratio 101.0%; book value down 10.5%
Operating income $35.7M ($0.99/sh) vs $30.8M prior year; net income $0.2M ($0.01/sh) down from $34.0M.
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Hanover pre-announces Q3 catastrophe losses of $90M pre-tax; operating EPS guided $0.95-$1.00
Pre-tax catastrophe losses ~$90M (6.8 points of NEP), ~$22M above assumption.
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Hanover Q2 operating EPS $2.32, net $0.63; combined ratio 96.2%; ex-CAT combined ratio guidance raised to 90.5-91.5%
Net income fell to $22.6M ($0.63/diluted share) from $128.5M ($3.52) in Q2 2021; operating income $83.9M ($2.32) vs $104.0M ($2.85).
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Hanover Q1 operating income $117.7M ($3.26/diluted), up 91.6% YoY; combined ratio 93.4%
Net income $104.8M ($2.90/diluted) vs $92.7M ($2.51) YoY; operating income $117.7M ($3.26) vs $61.4M ($1.66).
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Hanover reports record Q4 operating EPS of $3.38; full-year net income $418.7M; dividend raised 7.1%
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).
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Hanover Q3 net income drops to $34M from $119M; combined ratio 102.3%
Net income $34.0M ($0.94/diluted) vs $118.9M ($3.13/diluted) in prior-year quarter.
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Hanover estimates Q3 catastrophe losses $150-165M pre-tax; driven by Hurricane Ida
Preliminary Q3 catastrophe loss estimate $150-165M pre-tax ($119-130M after-tax), $97M above load.
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Hanover Q2 net income $3.52 EPS, operating $2.85; combined ratio 94.4%
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).