Meyer Shields

Michael Phillips

Michael Zaremski

Paul Newsome

Bob Farnam

Jian Huang

Jon Paul Newsome

Matthew Carletti

Mike Zaremski

- THG delivered strong Q3 2025 financial results, including operating earnings per share of **$5.09**, a combined ratio of **91.1%**, and an operating return on equity over **21%**.  **[0000944695_2216395_1]** **[0000944695_2216395_4]** 
- Net investment income was exceptionally strong, increasing **27.5%** from the prior year quarter to **$117 million**.  **[0000944695_2216395_5]** 
- The Personal Lines segment grew **3.6%** with a current accident year ex cat combined ratio of **85.8%**, while Core Commercial net written premium grew **3.5%**.  **[0000944695_2216395_4]** **[0000944695_2216395_5]** 
- The Specialty segment saw net written premiums grow at a **high single-digit pace** with a current accident year combined ratio of **86%**.  **[0000944695_2216395_2]** **[0000944695_2216395_5]** 
- The company is implementing an **AI-powered underwriting tool** to enhance efficiency  **[0000944695_2216395_3]**  and has **$210 million** of remaining capacity under its share repurchase program  **[0000944695_2216395_5]** , with expectations for premium growth to continue to accelerate into **2026**.  **[0000944695_2216395_6]**

THG Reports Strong Q3 2025 Results

- The Hanover Insurance Group, Inc. reported **record third quarter net and operating income per diluted share** of **$4.90** and **$5.09**, respectively, for Q3 2025.  **[0000944695_2212700:0]** **[0000944695_2212700:1]** **[0000944695_2212700:30]**  The company also achieved a **combined ratio of 91.1%**.  **[0000944695_2212700:0]** **[0000944695_2212700:2]** 
- **Net premiums written increased by 4.5%** in Q3 2025, accelerating from the second quarter of 2025.  **[0000944695_2212700:0]** **[0000944695_2212700:2]**  This growth was supported by robust renewal price increases of **10.5%** in Personal Lines, **9.9%** in Core Commercial, and **8.3%** in Specialty.  **[0000944695_2212700:0]** 
- **Net investment income rose by 27.5%** to **$117.0 million** in Q3 2025, primarily due to higher earned yields and cashflows.  **[0000944695_2212700:0]** **[0000944695_2212700:2]** **[0000944695_2212700:9]**  This included a temporary benefit of approximately **$2 million** from the investment of funds from a recent **$500 million debt issuance**.  **[0000944695_2212700:9]** **[0000944695_2212700:11]** 
- **Book value per share reached $96.00** as of September 30, 2025, representing a **7.1% increase** from June 30, 2025, and a **21.2% increase** from December 31, 2024.  **[0000944695_2212700:0]** **[0000944695_2212700:1]**

The Hanover Insurance Group Reports Record Q3 2025 Earnings and Strong Growth

- The Hanover Insurance Group reported **record third-quarter 2025 net income of $178.7 million, or $4.90 per diluted share**, and **operating income of $185.6 million, or $5.09 per diluted share**, compared to $102.1 million ($2.80 per diluted share) and $111.3 million ($3.05 per diluted share) in the prior-year quarter, respectively.  **[944695_20251029NY10453:0]** **[944695_20251029NY10453:1]** 
- The company achieved a **combined ratio of 91.1%** (88.1% excluding catastrophes) and saw **net premiums written increase by 4.5%** in the third quarter of 2025.  **[944695_20251029NY10453:0]** 
- Book value per share stood at **$96.00 as of September 30, 2025**, marking a **21.2% increase from December 31, 2024**, and the company returned approximately **$171 million to shareholders through dividends and share repurchases year-to-date through September 2025**.  **[944695_20251029NY10453:0]** **[944695_20251029NY10453:4]**

The Hanover Insurance Group Reports Record Third Quarter 2025 Net and Operating Income

HANOVER INSURANCE GROUP (THG)