The Hanover Insurance Group Inc

THG

Equity

ISIN null / Valor 2350628

New York Stock Exchange, Inc (2025-10-21)

USD 175.23+1.98%

The Hanover Insurance Group Inc
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About company

The Hanover Insurance Group Inc is a leading insurance company that has been insuring businesses and individuals since 1880. With a focus on Personal, Commercial, and Specialty lines of insurance, the company has expanded its specialized capabilities over the years. In 2010-2011, The Hanover completed strategic acquisitions, including Lloyd's of London Chaucer Holdings, which added significant underwriting expertise and geographic diversity to its portfolio. The company has also demonstrated a commitment to responsible investment through the publication of its Global Reporting Initiatives index and a responsible investment policy. With a history of insuring leading businesses and individuals, The Hanover continues to drive innovation and purpose across its organization.

Summarized from source with an LLMView SourceSector: Finance

Net Income Growth

In the fourth quarter of 2024, The Hanover Insurance Group Inc achieved a net income of $167.9 million, or $4.59 per diluted share, compared to $107.9 million, or $2.98 per diluted share, in the same quarter of the prior year.

Operating Income Increase

Operating income rose to $194.6 million, or $5.32 per diluted share, in Q4 2024, up from $113.1 million, or $3.13 per diluted share, in Q4 2023, marking a significant improvement in the company’s operational efficiency.

Improved Combined Ratio

The combined ratio improved to 89.2% in the fourth quarter of 2024, down from 94.2% in the fourth quarter of 2023. Excluding catastrophe losses, the combined ratio was 87.5%, reflecting effective risk management and loss control measures.

Growth in Net Premiums Written

Net premiums written increased by 7.4% to $1.445 billion in Q4 2024 compared to $1.345 billion in Q4 2023. This growth was driven by renewal price increases of 14.2% in Personal Lines, 11.8% in Core Commercial, and 9.5% in Specialty segments, along with rate increases of 13.1%, 9.2%, and 6.1% respectively.

Enhanced Investment Income

Net investment income surged by 23.4% to $100.7 million in the fourth quarter of 2024, bolstered by higher bond reinvestment rates and increased cash flows. This strong performance in the investment portfolio contributed significantly to the overall financial health of the company.

Dividend Increase

On December 2, 2024, The Hanover Insurance Group Inc's Board of Directors approved a 5.9% increase to the regular quarterly dividend, continuing a 20-year streak of annual dividend increases and underscoring the company’s dedication to returning value to its shareholders.

Summarized from source with an LLMView Source

Key figures

14.6%1Y

31.4%3Y

72.9%5Y

Performance

24.4%1Y

22.6%3Y

23.4%5Y

Volatility