Earnings summaries and quarterly performance for HANOVER INSURANCE GROUP.
Executive leadership at HANOVER INSURANCE GROUP.
John C. Roche
Detailed
President and Chief Executive Officer
CEO
BJ
Bryan J. Salvatore
Detailed
Executive Vice President and President, Specialty
DF
Dennis F. Kerrigan
Detailed
Executive Vice President and Chief Legal Officer
JM
Jeffrey M. Farber
Detailed
Executive Vice President and Chief Financial Officer; Principal Accounting Officer
RW
Richard W. Lavey
Detailed
Executive Vice President and Chief Operating Officer
Board of directors at HANOVER INSURANCE GROUP.
CL
Cynthia L. Egan
Detailed
Chair of the Board
EA
Elizabeth A. Ward
Detailed
Director
FA
Francisco A. Aristeguieta
Detailed
Director
JP
J. Paul Condrin III
Detailed
Compensation and Human Capital Committee Chair
JD
Jane D. Carlin
Detailed
Audit Committee Chair
JR
Joseph R. Ramrath
Detailed
Nominating and Corporate Governance Committee Chair
KS
Kathleen S. Lane
Detailed
Director
KJ
Kevin J. Bradicich
Detailed
Director
TH
Theodore H. Bunting, Jr.
Detailed
Director
Research analysts who have asked questions during HANOVER INSURANCE GROUP earnings calls.
Meyer Shields
Keefe, Bruyette & Woods
6 questions for THG
Also covers: ACGL, AFG, AIG +24 more
Michael Phillips
Oppenheimer & Co. Inc.
6 questions for THG
Also covers: ACIC, AII, CINF +10 more
PN
Paul Newsome
Piper Sandler Companies
4 questions for THG
Also covers: AFG, AHL, AIG +17 more
Michael Zaremski
BMO Capital Markets
3 questions for THG
Also covers: ACGL, AFG, AIG +25 more
Mike Zaremski
BMO Capital Markets
3 questions for THG
Also covers: ACGL, AJG, ALL +9 more
RM
Roland Meyer
RBC Capital Markets
2 questions for THG
Also covers: ACGL, BOW, IGIC
BF
Bob Farnam
Janney Montgomery Scott LLC
1 question for THG
Also covers: EIG
DL
Daniel Lee
Morgan Stanley
1 question for THG
JH
Jian Huang
Morgan Stanley
1 question for THG
Also covers: AIZ, ALL, BOW +10 more
JP
Jon Paul Newsome
Piper Sandler & Co.
1 question for THG
Also covers: AFG, AIG, AON +15 more
Matthew Carletti
Citizens JMP Securities
1 question for THG
Also covers: AII, AMSF, BOW +12 more
Recent press releases and 8-K filings for THG.
Hanover Insurance Group Reports Record Earnings Year and Strong 2026 Outlook
THG
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Hanover Insurance Group (THG) is coming off a record year in terms of earnings and expects to enter 2026 with its best earnings power ever.
- The company achieved a slightly greater than 20% Return on Equity (ROE) in 2025, with Net Investment Income (NII) becoming a powerful driver of earnings and guided to mid to upper single digits growth.
- THG plans to translate its profitability into growth opportunities, particularly in specialty and small commercial, and aims to add 100-150 new smaller agents annually for diversification.
- Despite a large freezing event in January, the company's cat load for Q1 is 6.1%, consistent with its full-year 2025 load of 6.5%, and it has implemented a $2,500 all-peril deductible in Personal Lines to manage claims.
Feb 10, 2026, 7:40 PM
Hanover Insurance Group Discusses Record 2025 Earnings and 2026 Outlook at Conference
THG
Earnings
Revenue Acceleration/Inflection
Guidance Update
- Hanover Insurance Group reported a record year in earnings for 2025 with a Return on Equity (ROE) slightly greater than 20%, and anticipates its best earnings power ever entering 2026.
- The company plans to translate its profitability into growth opportunities, particularly in specialty and small commercial lines, and aims to add 100-150 new smaller agents annually.
- Net Investment Income (NII) has become a powerful driver of earnings, with the company guiding for mid to upper single digits growth.
- For Q1 2026, the catastrophe load is 6.1%, and the company maintains disciplined risk management, including a $2,500 all-peril deductible on most personal lines homes, which has led to higher average claim sizes.
Feb 10, 2026, 7:40 PM
Hanover Insurance Group Discusses Record Earnings, Growth Strategy, and Investment Income Outlook
THG
Earnings
Guidance Update
Revenue Acceleration/Inflection
- The Hanover Insurance Group (THG), a $6.5 billion property and casualty underwriter, reported a record year in earnings and anticipates its best earnings power in 2026. The company plans to translate this profitability into growth opportunities in specialty, small commercial, and personal lines, aiming to add 100-150 new smaller agents annually to its existing 2,200 agents.
- Net Investment Income (NII) has become a powerful driver of earnings for THG, with the company guiding for mid to upper single-digit growth following strategic portfolio sculpting.
- While 2025 was a very strong period with ROEs slightly greater than 20%, the company acknowledges that such peak profitability is not indefinitely sustainable. THG maintains a disciplined approach to risk, noting a Q1 2026 cat load of 6.1% and implementing a $2,500 all-peril deductible on most homes, while also addressing casualty development and concerns over legal system abuse.
Feb 10, 2026, 7:40 PM
The Hanover Reports Record Q4 and Full-Year 2025 Results, Issues 2026 Guidance
THG
Earnings
Guidance Update
Share Buyback
- The Hanover achieved record quarterly operating earnings per share and an all-time high operating return on equity of 20% for the full year 2025. The Q4 2025 combined ratio was 89%, contributing to a full-year combined ratio of 91.6%.
- Personal Lines Net Written Premium growth reached 4.4% in Q4 2025 and 3.7% for the full year, while Small Commercial net written premiums increased by nearly 5% in both Q4 and the full year.
- The company increased its quarterly dividend by 5.6% to $0.95 per share in December 2025 and repurchased $130 million in shares during 2025, including $55 million in Q4.
- For 2026, The Hanover anticipates overall consolidated net written premium growth to accelerate to mid-single-digit growth, with an expense ratio of 30.3% and a combined ratio (excluding catastrophes) projected between 88%-89%.
Feb 4, 2026, 3:00 PM
The Hanover Insurance Group Reports Record Q4 and Full-Year 2025 Results
THG
Earnings
Guidance Update
Share Buyback
- The Hanover Insurance Group reported a record year in 2025, achieving an all-time high operating return on equity of 20% and new records for quarterly and annual operating earnings per share.
- For Q4 2025, the company posted an excellent combined ratio of 89% and a full-year combined ratio of 91.6%, with the ex-cat combined ratio at 87.1%, outperforming original guidance.
- Net investment income saw significant growth, increasing 24.9% in Q4 and 22% for the full year 2025 to $454.4 million.
- The company returned capital to shareholders by raising its quarterly dividend by 5.6% to $0.95 per share (marking the 21st consecutive year of increase) and repurchasing $130 million in shares during 2025, with an additional $44 million through January 30.
- For 2026, The Hanover expects consolidated net written premium growth to accelerate to mid-single digits and projects an ex-cat combined ratio in the range of 88%-89%.
Feb 4, 2026, 3:00 PM
The Hanover Insurance Group Reports Strong Q4 and Full-Year 2025 Results
THG
Earnings
Guidance Update
Dividends
- The Hanover Insurance Group reported record fourth quarter net and operating income per diluted share of $5.47 and $5.79, respectively, and record full-year net and operating income per diluted share of $18.16 and $19.09 for 2025.
- The company achieved a fourth quarter combined ratio of 89.0% (87.3% excluding catastrophes) and a full-year combined ratio of 91.6% (87.1% excluding catastrophes).
- Net premiums written increased by 3.0% in Q4 2025 and 3.9% for the full year 2025, reaching $6.3 billion.
- Net investment income grew by 24.9% to $125.8 million in Q4 2025 and 22.0% to $454.4 million for the full year 2025.
- For 2026, THG expects mid-single digit net premiums written growth, an expense ratio of 30.3%, and a combined ratio, ex-CAT, of 88% - 89%.
Feb 4, 2026, 3:00 PM
The Hanover Insurance Group Reports Record Q4 and Full-Year 2025 Results, Issues 2026 Guidance
THG
Earnings
Guidance Update
Share Buyback
- The Hanover Insurance Group reported record quarterly operating earnings per share and an all-time high operating return on equity of 20% for the full year 2025. The Q4 2025 combined ratio was 89%, with the full-year combined ratio at 91.6%, improving over three points year-over-year.
- Net written premium growth for Personal Lines was 4.4% in Q4 2025 and 3.7% for the full year, driven primarily by pricing. Core Commercial net written premiums grew 3.6% in 2025 and 2.5% in Q4. Specialty premium growth moderated to approximately 4% in Q4.
- The company's book value increased approximately 27% in 2025 to $100.90. The quarterly dividend was raised by 5.6% to $0.95 per share, marking the 21st consecutive year of increase. Additionally, The Hanover repurchased approximately $55 million in shares in Q4 2025 and $130 million for the full year 2025.
- For 2026, The Hanover expects consolidated net written premium growth to accelerate to mid-single digits and net investment income growth in the mid to upper single digits. The combined ratio, excluding catastrophes, is projected to be in the range of 88%-89%, with a CAT load of 6.5%.
Feb 4, 2026, 3:00 PM
THG Reports Strong Q3 2025 Results
THG
Earnings
Guidance Update
Share Buyback
- 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%.
- Net investment income was exceptionally strong, increasing 27.5% from the prior year quarter to $117 million.
- 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%.
- The Specialty segment saw net written premiums grow at a high single-digit pace with a current accident year combined ratio of 86%.
- The company is implementing an AI-powered underwriting tool to enhance efficiency and has $210 million of remaining capacity under its share repurchase program , with expectations for premium growth to continue to accelerate into 2026.
Oct 30, 2025, 2:00 PM
The Hanover Insurance Group Reports Record Q3 2025 Earnings and Strong Growth
THG
Earnings
Debt Issuance
Revenue Acceleration/Inflection
- 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. The company also achieved a combined ratio of 91.1%.
- Net premiums written increased by 4.5% in Q3 2025, accelerating from the second quarter of 2025. 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.
- Net investment income rose by 27.5% to $117.0 million in Q3 2025, primarily due to higher earned yields and cashflows. This included a temporary benefit of approximately $2 million from the investment of funds from a recent $500 million debt issuance.
- 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.
Oct 30, 2025, 2:00 PM
The Hanover Insurance Group Reports Strong Q3 2025 Results and Strategic Initiatives
THG
Earnings
Guidance Update
New Projects/Investments
- The Hanover Insurance Group delivered strong Q3 2025 results, reporting an operating return on equity over 21% and operating earnings per share of $5.09.
- The company achieved a combined ratio of 91.1%, with catastrophe losses at 3%, which was 3.8 points below their third-quarter assumption.
- Personal Lines demonstrated significant improvement, posting a current accident year ex-CAT combined ratio of 85.8% and achieving renewal price increases of 10.5%.
- THG is implementing an AI-powered underwriting tool to streamline the intake and triage of submissions, aiming for enhanced operating efficiency and accelerated processing times.
- Management expects premium growth to continue to accelerate and remains committed to a long-term goal of 20 basis points per annum improvement in the expense ratio.
Oct 30, 2025, 2:00 PM
Quarterly earnings call transcripts for HANOVER INSURANCE GROUP.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more