The Hanover Insurance Group reported record first-quarter 2026 results with strong profitability and growth. Net income rose to $186.8 million, or $5.20 per diluted share, up from $128.2 million, or $3.50, a year earlier. Operating income was $188.5 million, or $5.25 per diluted share, compared to $141.8 million, or $3.87.
The consolidated combined ratio improved to 91.7%, and to 85.4% excluding catastrophes, reflecting better underwriting margins across Core Commercial, Specialty, and Personal Lines. Net premiums written increased 3.2% to $1,559.7 million, while net investment income grew 19.6% to $126.9 million.
Book value per share reached $101.86, with book value per share excluding net unrealized depreciation on fixed maturities at $107.14. Net and operating return on equity were 20.9% and 20.3%. Year-to-date through April 28, the company repurchased about 580,000 shares for approximately $101 million.
Hanover Insurance Group ownership disclosure: Vanguard Portfolio Management reports beneficial ownership of 1,939,338 shares of common stock, representing 5.51% of the class as of 03/31/2026.
The filing details voting and dispositive powers: sole voting power 6,878 shares and sole dispositive power 1,939,338 shares. The Schedule 13G is signed by Ashley Grim on 04/29/2026.
Lee Willard T reported acquisition or exercise transactions in this Form 4 filing.
Hanover Insurance Group Executive Vice President T. Lee received 13.522 shares of common stock in the form of restricted stock units (RSUs). These RSUs were granted under the company’s 2022 Long-Term Incentive Plan as dividend equivalent rights on previously granted RSUs and will vest on the third anniversary of the original RSU grant date. Following this award, Lee directly holds 6,982.373 shares of common stock.
Hanover Insurance Group Executive Vice President David John Lovely received an additional equity award in the form of dividend-equivalent restricted stock units. He acquired 13.246 shares of Common Stock at a stated price of $0.0000 per share, increasing his directly held position to 3,807.921 shares.
The award represents RSUs granted under Hanover’s 2022 Long-Term Incentive Plan in connection with dividend equivalent rights on previously granted RSUs. These RSUs will vest on the third anniversary of the original RSU grant date, so this is a compensation-related accrual rather than an open-market stock purchase or sale.
Hanover Insurance Group Executive Vice President Denise Lowsley received an additional equity grant through dividend equivalents on existing awards. She acquired 12.273 shares of common stock in the form of restricted stock units under the 2022 Long-Term Incentive Plan, bringing her direct holdings to 4,944.513 shares.
The new RSUs were granted in connection with accrued dividend equivalent rights tied to previously granted RSUs and will vest on the third anniversary of the original RSU grant date.
Hanover Insurance Group executive Jeffrey M. Farber received a small equity award in the form of restricted stock units. He acquired 53.2520 shares of common stock-equivalent RSUs on March 27, 2026 as a grant under the company’s 2022 Long-Term Incentive Plan tied to dividend equivalents.
These RSUs vest on the third anniversary of the original underlying RSU grant date, meaning they are subject to continued service-based vesting. Following this grant, Farber directly holds 51,769.7370 shares of Hanover Insurance Group common stock, reflecting ongoing equity-based compensation rather than an open-market transaction.
HANOVER INSURANCE GROUP, INC. Executive Vice President Dennis Francis Kerrigan reported an acquisition of 18.998 shares in the form of restricted stock units (RSUs) credited as dividend equivalent rights under the company’s 2022 Long-Term Incentive Plan. These RSUs will vest on the third anniversary of the original underlying RSU grant date. Following this award, Kerrigan holds a total of 11,987.721 shares of common stock directly.
LAVEY RICHARD W reported acquisition or exercise transactions in this Form 4 filing.
HANOVER INSURANCE GROUP, INC. Executive Vice President Richard W. Lavey received a grant of 35.468 restricted stock units (RSUs) tied to dividend equivalent rights under the company’s 2022 Long-Term Incentive Plan. These RSUs will vest on the third anniversary of the original underlying RSU grant, and following this award he holds 34,418.208 shares of common stock directly.
Roche John C reported acquisition or exercise transactions in this Form 4 filing.
Hanover Insurance Group President and CEO John C. Roche received 152.574 shares of common stock through restricted stock units granted under the company’s 2022 Long-Term Incentive Plan. These RSUs were issued as dividend equivalent rights tied to previously granted RSUs and will vest on the third anniversary of the original RSU grant date.
After this award, Roche directly holds 141,010.748 shares of Hanover common stock, and the filing notes an additional 14,454 shares held by his spouse. This transaction reflects routine equity-based compensation rather than an open-market purchase.
Salvatore Bryan J reported acquisition or exercise transactions in this Form 4 filing.
HANOVER INSURANCE GROUP, INC. Executive Vice President Salvatore J. Bryan received a grant of 30.677 restricted stock units as a dividend-related award in common stock. The units were granted under the company’s 2022 Long-Term Incentive Plan and tie to dividend equivalent rights on previously granted RSUs. These RSUs will vest on the third anniversary of the original underlying RSU grant date. Following this award, Bryan’s direct holdings total 29,069.276 shares of common stock.