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. (THG) provides property and casualty insurance solutions through its Commercial Lines, Personal Lines, and specialty operations. This news hub delivers timely updates on corporate developments, financial performance, and strategic initiatives essential for understanding the company's market position.
Investors and industry observers will find consolidated access to earnings reports, leadership announcements, and operational updates. The resource prioritizes official press materials alongside third-party analysis of THG's underwriting strategies, risk management practices, and investment portfolio developments.
Key content categories include quarterly financial disclosures, merger/acquisition activity, product innovations, and executive commentary on market trends. Regular updates reflect THG's focus on disciplined pricing strategies and catastrophe risk mitigation in the evolving insurance landscape.
Bookmark this page for streamlined tracking of THG's performance metrics, regulatory filings, and partnerships with independent agents. Combine these updates with fundamental analysis tools on Stock Titan for comprehensive investment research.
The Hanover Insurance Group (NYSE: THG) will release its second-quarter financial results on July 31, 2024, after the market closes. Investors and stakeholders can attend a webcast discussing the results on August 1, 2024, at 10:00 a.m. ET via the company's website, hanover.com.
The Hanover Insurance Group is a leading property and casualty insurance holding company in the United States, working with independent agents and brokers to provide insurance solutions for small and mid-sized businesses as well as personal insurance products.
For further details, investors can contact Oksana Lukasheva at (508) 525-6081 or olukasheva@hanover.com, and media inquiries can be directed to Emily P. Trevallion at (508) 855-3263 or etrevallion@hanover.com.
The Hanover Insurance Group's 2024 Home Maintenance Report reveals that many homeowners lack essential knowledge for maintaining their homes, which could lead to significant and costly damages. The report, based on a Harris Poll survey, found that only 38% of homeowners checked their roofs, 39% inspected their water heaters, and 40% cleaned their gutters in the past year. Newer homeowners, particularly those residing for less than five years, are less aware of critical maintenance tasks. The study also noted regional differences in maintenance habits, with Midwest homeowners more diligent about cleaning gutters and Southern and Midwestern homeowners more likely to check HVAC systems. The report encourages homeowners to consult with insurance agents for better risk mitigation strategies to protect their properties against severe weather and evolving risks.
The Hanover Insurance Group (NYSE: THG) has announced a quarterly dividend of $0.85 per common share.
The dividend will be payable on June 28, 2024, to shareholders who are recorded by the close of business on June 14, 2024.
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.
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