Welcome to our dedicated page for Hanover Insuranc news (Ticker: THG), a resource for investors and traders seeking the latest updates and insights on Hanover Insuranc stock.
The Hanover Insurance Group, Inc. (NYSE: THG) is a holding company for several property and casualty insurance companies that together constitute one of the largest insurance businesses in the United States, according to the company’s public statements. This news page aggregates coverage related to The Hanover’s insurance operations, financial performance, capital management, and product developments.
Company news releases highlight The Hanover’s focus on providing standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items. Updates often describe new or enhanced offerings in areas such as complex industrial property risks and life sciences organizations, reflecting the company’s activity in specialty commercial insurance within its broader property and casualty framework.
Investors and other readers can expect news about quarterly and full-year financial results, including combined ratios, net income, operating income, and segment performance in Core Commercial, Specialty, and Personal Lines, as reported by the company. Announcements also cover dividend declarations and increases, debt issuance and redemptions, and participation in investor conferences, illustrating how The Hanover manages its capital structure and engages with the investment community.
In addition, The Hanover publishes news about external recognitions, such as inclusion on lists compiled by TIME and Forbes, and other awards related to workplace and corporate responsibility. Together, these items provide context on how the company presents its role as a U.S.-based property and casualty insurer serving individuals, families, and businesses. This page offers a centralized view of those public communications over time.
The Hanover Insurance Group (NYSE: THG) announced that CEO John C. Roche will join a panel at the Bank of America Securities 2022 Insurance Conference on February 16, 2022, from 10:15 to 10:50 a.m. ET. The discussion will focus on the independent agency channel. Roche, along with CFO Jeffrey M. Farber, will also conduct virtual meetings with investors on the same day. The panel will be live-streamed on www.hanover.com, with a replay available thereafter.
The Hanover Insurance Group (NYSE: THG) reported strong financial results for Q4 2021, with net income of $163.5 million, or $4.53 per diluted share, compared to $164.6 million or $4.43 per share in Q4 2020. Operating income rose to $122.1 million, or $3.38 per share, reflecting solid performance across its Commercial and Personal Lines. The company achieved net premiums written growth of 9.2% and a full-year net income of $418.7 million. The combined ratio stood at 92.9% for Q4, highlighting effective underwriting strategies amid challenging conditions.
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The Hanover Insurance Group, Inc. (NYSE: THG) will announce its fourth quarter and full-year financial results on February 2, 2022, after market close. A webcast discussing these results is scheduled for February 3, 2022, at 10:00 a.m. ET. The Hanover is a leading property and casualty insurance provider in the U.S., delivering coverage through a network of independent agents.
The Hanover Insurance Group (NYSE: THG) has reported an impressive $1.5 million raised through its annual employee giving campaign supporting United Way and various nonprofit organizations. With participation from over 3,500 employees (82% of the workforce), more than $1 million was generated, complemented by corporate contributions. The funds will assist 111 United Way chapters and over 1,500 nonprofits throughout 2022. Hanover's campaign boasts a participation rate five times the national average, highlighting their commitment to community support.
The Hanover Insurance Group (NYSE: THG) has announced a 7% increase in its quarterly dividend to $0.75 per share. The dividend will be payable on December 30, 2021, to shareholders on record by December 16, 2021. CEO John C. Roche emphasized that this increase reflects the company's strong financial position and future earnings potential, reinforcing the board's confidence. The Hanover provides property and casualty insurance solutions across the U.S., focusing on profitable growth and shareholder value.
The Hanover Insurance Group (NYSE: THG) reported a net income of $34.0 million ($0.94 per share) for Q3 2021, a sharp decline from $118.9 million ($3.13 per share) in Q3 2020. Operating income also decreased to $30.8 million ($0.85 per share) from $93.5 million ($2.46 per share) year-over-year. Despite an 8.4% increase in net premiums written to $1.375 billion, the combined ratio worsened to 102.3%, with significant catastrophe losses of $153.5 million primarily due to Hurricane Ida. Net investment income rose to $78.8 million, reflecting improved investment strategies.
The Hanover Insurance Group (NYSE: THG) has projected third quarter catastrophe losses between $150 million and $165 million before taxes, influenced largely by Hurricane Ida, with estimated losses of $75 million. The losses are primarily from the Northeast region. The company will release its third quarter financial results on October 27, followed by a webcast on October 28. Additionally, a virtual investor day is set for September 23, focusing on strategic priorities and financial targets for the next five years.
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The Hanover Insurance Group has declared a quarterly dividend of $0.70 per share on its common stock, set to be paid on September 24, 2021. Shareholders on record by September 10, 2021 will be eligible to receive this dividend. This announcement provides confidence in the company's financial stability and commitment to returning value to shareholders. However, investors should consider risks related to future dividends, as indicated in the company’s forward-looking statements.