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) has announced its annual meeting of shareholders scheduled for May 13, 2025, at 9:00 a.m. ET. The meeting will be held at the company's headquarters in Worcester, Massachusetts, with a live audio webcast available through their website's Investors section.
Shareholders of record as of March 20, 2025 are eligible to participate and can vote either by submitting proxies in advance or attending in person. The company's proxy materials, including the 2024 Annual Report and 2025 Proxy Statement, are accessible at www.proxydocs.com/THG or through their website.
The Hanover Insurance Group operates as a holding company for several property and casualty insurance companies, representing one of the largest insurance businesses in the United States. They provide standard and specialized insurance protection for small and mid-sized businesses, homes, automobiles, and personal items through independent agents and brokers.
The Hanover Insurance Group (NYSE: THG) has announced a strategic collaboration with Hagerty (HGTY) to offer specialized insurance for classic cars. The new product, Hanover Collector Car, combines The Hanover's total account protection with Hagerty's expertise in collector vehicle claims and valuation services.
The service is initially available through The Hanover's independent agents in Michigan and Illinois for both new and existing customers, with plans for future expansion to additional states. The partnership aims to strengthen The Hanover's total account offerings while providing specialized protection for collectible vehicles.
The Hanover Insurance Group (NYSE: THG) has appointed Richard W. Lavey to the newly created position of chief operating officer. In this expanded role, Lavey will focus on business strategy development and drive integration between business and technology organizations, while maintaining his current responsibilities leading personal lines and core commercial operations.
Lavey brings over 35 years of experience in insurance and technology industries, including 21 years with The Hanover. His previous roles include vice president positions at The Hartford and experience with software companies ChannelPoint and Bowstreet. He started his career at The Travelers Insurance Company.
A Phi Beta Kappa graduate from The College of the Holy Cross with an MBA from Harvard Business School, Lavey currently serves as Chair of the National Council on Compensation Insurance (NCCI).
The Hanover Insurance Group (NYSE: THG) has announced it will release its first quarter financial results after market close on Wednesday, April 30, 2025. The company will host a webcast to discuss these results on Thursday, May 1, 2025, at 10:00 a.m. ET through their website hanover.com.
The Hanover is one of the largest property and casualty insurance businesses in the United States, offering standard and specialized insurance protection for small and mid-sized businesses, homes, automobiles, and personal items through a network of independent agents and brokers.
The Hanover Insurance Group (NYSE: THG) has announced a quarterly dividend payment of $0.90 per share on its outstanding common stock. The dividend will be paid on March 28, 2025, to shareholders of record as of March 14, 2025.
The company included standard forward-looking statements, noting that future dividends may be subject to increases, decreases, or elimination based on board decisions. These statements are not guarantees of future performance, and investors are advised to consider various business risks that could affect dividend payments and company performance.
The Hanover Insurance Group (THG) reported outstanding financial results for Q4 and full-year 2024. The company achieved record fourth quarter net income of $4.59 per share and operating income of $5.32 per share. Full-year results showed net income of $11.70 per share and operating income of $13.34 per share.
Key Q4 highlights include a combined ratio of 89.2%, net premiums written increase of 7.4%, and net investment income of $100.7 million (up 23.4% year-over-year). The company demonstrated strong pricing power with renewal price increases of 14.2% in Personal Lines, 11.8% in Core Commercial, and 9.5% in Specialty.
For full-year 2024, THG reported net premiums written of $6.1 billion (up 4.7%), combined ratio of 94.8%, and net investment income of $372.6 million (up 12.2%). The company's book value per share increased 14.9% from December 31, 2023. The Board approved a 5.9% increase to the regular quarterly dividend.
The Hanover Insurance Group (NYSE: THG) and its employees have raised over $1.5 million through their annual giving campaign to support nonprofit organizations nationwide. The 2024 campaign saw an 84% participation rate from company employees, with donations benefiting nearly 1,900 nonprofits across the country. The contributions, which include matching funds from the company's charitable foundation, will support organizations including United Way, Feeding America, Boys & Girls Clubs of America, American Red Cross, and Insurance Industry Charitable Foundation. The company has maintained this annual employee giving campaign tradition for more than 70 years.
The Hanover Insurance Group (NYSE: THG) has announced its participation in the Bank of America Securities 2025 Financial Services Conference. President and CEO John C. Roche, along with Executive VP and CFO Jeffrey M. Farber, will engage in a fireside chat on Tuesday, February 11, 2025, from 8:50 a.m. to 9:30 a.m. Eastern Time.
The executives will also conduct one-on-one and group meetings with investors on the same day. The fireside discussion will be accessible through a live broadcast on the company's website at www.hanover.com, with a replay available after the event concludes.
The Hanover Insurance Group (NYSE: THG) has announced it will release its fourth quarter and full-year financial results after market close on Tuesday, February 4, 2025. The company will host a webcast discussion of these results on Wednesday, February 5, at 10:00 a.m. ET, accessible through their website hanover.com.
The Hanover is a holding company for several property and casualty insurance companies, representing one of the largest insurance businesses in the United States. They provide standard and specialized insurance protection for small and mid-sized businesses, homes, automobiles, and personal items through a network of independent agents and brokers.
The Hanover Insurance Group (NYSE: THG) has announced an increase in its quarterly dividend to $0.90 per share on common stock. The dividend will be payable on December 27, 2024, to shareholders of record as of December 13, 2024. This marks the company's 20th consecutive year of dividend increases, reflecting its commitment to shareholder value and confidence in its financial stability and growth prospects.