Welcome to our dedicated page for The Hanover Insurance Group news (Ticker: $THG), a resource for investors and traders seeking the latest updates and insights on The Hanover Insurance Group stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect The Hanover Insurance Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of The Hanover Insurance Group's position in the market.
The Hanover Insurance Group, Inc. (NYSE: THG) reported strong first-quarter net income of $115.5 million, or $3.18 per diluted share, compared to a net loss in the prior-year quarter. Operating income was $111.9 million, or $3.08 per diluted share. The company achieved a combined ratio of 95.5%, excluding catastrophes, of 89.5%. Catastrophe losses were $86.9 million, with net premiums written increasing by 2.3%. Renewal price increases were significant across all segments, driving growth and profitability. Net investment income rose by 14.0% to $89.7 million, contributing to a book value per share increase of 1.9% to $70.22. The company expressed confidence in achieving a return on equity target of 14% or higher.
