The Hanover Insurance Group, Inc. Announces New Share Repurchase Authorization

The Hanover Insurance Group (NYSE:THG) announced board approval of a new $700 million share repurchase authorization, replacing a prior program with about $63 million remaining.

Rhea-AI Summary

The Hanover Insurance Group (NYSE:THG) announced board approval of a new $700 million share repurchase authorization, replacing a prior program with about $63 million remaining. The company can buy back shares over time via open market, privately negotiated, accelerated repurchase, or other transactions, including possible Rule 10b5-1 plans.

Management describes the authorization as aligned with a disciplined, flexible capital management approach that balances business investment with capital returns and targets long-term shareholder value. The announcement includes customary forward-looking statement cautions about future repurchases, profitability, and earnings durability.

Positive

• New common stock repurchase authorization of up to $700 million
• Prior repurchase program with about $63 million remaining terminated and replaced
• Flexible buyback tools, including open market, private deals, and accelerated programs
• Option to use Rule 10b5-1 trading plans for systematic repurchases

Negative

• None.

Argus May 14 session

+1.36% close to close Open Argus

Details

News Market Reaction – THG

In the May 14 session, THG gained 1.36%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement adds a sizable $700 million repurchase authorization on top of recent capital retu...

Analysis

This announcement adds a sizable $700 million repurchase authorization on top of recent capital returns, including dividends and prior buybacks disclosed in the latest 10-Q and 8-K. It follows record Q1 profitability and strong returns on equity. Investors may watch how actively the company uses this authorization, any future updates under its S-3ASR shelf, and ongoing insider trading activity and earnings quality to gauge the longer-term impact.

Key Figures

New repurchase authorization: $700 million Prior remaining authorization: Approximately $63 million

New repurchase authorization

$700 million

Maximum common stock repurchase capacity under new program

Prior remaining authorization

Approximately $63 million

Unused capacity under terminated prior repurchase program

Historical Context

5 past events · Latest: Apr 29

5 events

1. Apr 29

   Earnings results

   24h Move

   +5.7%

   Record Q1 2026 net and operating income with improved underwriting metrics.

2. Apr 13

   Corporate governance

   24h Move

   -0.5%

   Announcement of annual shareholder meeting date, time, and participation details.

3. Mar 30

   Earnings preview

   24h Move

   +0.4%

   Scheduling of Q1 2026 earnings release and webcast information.

4. Feb 24

   Dividend declaration

   24h Move

   +1.5%

   Quarterly cash dividend of $0.95 per common share announced.

5. Feb 05

   Corporate philanthropy

   24h Move

   +1.7%

   Company and employees contributed more than $1.5 million to nonprofits.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share repurchase authorization, accelerated repurchase programs, rule 10b5-1, forward-looking statements

4 terms

share repurchase authorization financial

"announced its board of directors approved a new share repurchase authorization"

A share repurchase authorization is a company's official approval to buy back its own shares from the market. This signals that the company believes its stock is a good investment and can help increase the value of remaining shares by reducing how many are available. For investors, it often suggests confidence from the company and can influence the stock’s price.

accelerated repurchase programs financial

"open market repurchases, privately negotiated transactions, accelerated repurchase programs"

An accelerated repurchase program is a way for a company to buy back a large block of its own shares quickly by contracting with a broker who supplies shares up front and settles the final amount later. For investors this matters because it reduces the number of shares outstanding and can boost per-share earnings and share price in the near term, while the delayed settlement means the exact number of shares ultimately repurchased may change.

rule 10b5-1 regulatory

"trading plans under the Securities and Exchange Commission's rule 10b5-1"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

forward-looking statements regulatory

"Statements regarding capital management flexibility... constitute forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

WORCESTER, Mass., May 13, 2026 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced its board of directors approved a new share repurchase authorization, pursuant to which the company may repurchase up to $700 million of its common stock. At the same time, the company terminated its previous share repurchase program, which had a remaining repurchase authorization of approximately $63 million.

"Our new repurchase authorization demonstrates our confidence in the durability of our earnings and conviction in the path ahead," said Jeffrey M. Farber, executive vice president and chief financial officer at The Hanover. "We maintain a disciplined but flexible approach to capital management, balancing investment in the business with meaningful capital returns to shareholders. We remain focused on deploying capital in ways that enhance long–term shareholder value."

Under the new $700 million share repurchase authorization, the company may repurchase its common stock from time to time, in amounts, at prices, and at times the company deems appropriate, subject to market conditions and other considerations. The company's stock purchases may be executed using open market repurchases, privately negotiated transactions, accelerated repurchase programs, or other transactions. The company may establish trading plans under the Securities and Exchange Commission's rule 10b5-1 that will provide additional flexibility as it buys back its stock.

Forward-Looking Statements
Statements regarding capital management flexibility, including future share repurchases, future profitability, and durability of earnings constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The company cautions investors that any such forward-looking statements are not guarantees of future performance. Investors are directed to consider the risks and uncertainties in the company's business that may cause actual results to differ, including those risks which are discussed in readily available documents, such as the company's annual report on Form 10-K and quarterly reports on Form 10-Q, as well as other documents filed by The Hanover with the Securities and Exchange Commission and which are also available on hanover.com under "Investors."

About The Hanover
The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides exceptional insurance solutions through a select group of independent agents and brokers. Together with its agent partners, The Hanover offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items. For more information, please visit hanover.com.

Contacts:

Investors:	Media:
Oksana Lukasheva	Emily P. Trevallion
(508) 525-6081	(508) 855-3263
Email: olukasheva@hanover.com	Email: etrevallion@hanover.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-hanover-insurance-group-inc-announces-new-share-repurchase-authorization-302771479.html

SOURCE The Hanover Insurance Group, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Hanover (NYSE:THG) announce about its share repurchase program on May 13, 2026?

Hanover announced board approval of a new $700 million share repurchase authorization for its common stock. According to the company, this new authorization allows share repurchases over time, subject to market conditions and other considerations, using several potential transaction types.

How does Hanover's new $700 million THG buyback compare to the previous authorization?

The new authorization permits up to $700 million of share repurchases, while the prior program had about $63 million remaining. According to Hanover, the earlier program was terminated at the same time the new, larger authorization was approved by the board.

What methods can Hanover use to repurchase THG shares under the new authorization?

Hanover may repurchase common stock through open market purchases, privately negotiated transactions, accelerated repurchase programs, or other transactions. According to the company, it may also establish Rule 10b5-1 trading plans to provide additional flexibility when executing stock buybacks.

What does Hanover say about its capital management strategy with the THG buyback?

Hanover describes its capital management as disciplined but flexible, balancing business investment with shareholder capital returns. According to the company, the new repurchase authorization reflects confidence in earnings durability and a focus on deploying capital to support long-term shareholder value.

Are Hanover's future THG share repurchases and earnings targets guaranteed?

No. Statements about capital management flexibility, future share repurchases, profitability, and earnings durability are described as forward-looking. According to Hanover, these are not guarantees of future performance and are subject to risks and uncertainties outlined in its SEC filings.