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. reports developments in its property and casualty insurance business, which is conducted through insurance subsidiaries and distributed through independent agents and brokers. News commonly covers operating results across Core Commercial, Specialty, Personal Lines and Other, including net premiums written, renewal pricing, rate changes, loss and loss adjustment expense trends, combined ratios and catastrophe losses.
Company updates also address net investment income, book value, dividend declarations, annual shareholder meeting matters and financial-services conference participation. The recurring coverage reflects an insurance holding company whose earnings are shaped by underwriting performance, catastrophe experience, pricing discipline, expenses, investment portfolio returns and capital management.
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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