Hanover Q2 2021 Earnings Report
Key Takeaways
The Hanover Insurance Group reported a strong second quarter with net income of $128.5 million, or $3.52 per diluted share, and operating income of $104.0 million, or $2.85 per diluted share. The combined ratio was 94.4%, and the combined ratio excluding catastrophes was 87.9%.
Net premiums written increased by 11.7%, or 8.6% excluding the impact of premium returns in 2020, reflecting strong growth in all segments.
The combined ratio was 94.4%, and the combined ratio excluding catastrophes was 87.9%.
Catastrophe losses were $76.8 million, or 6.5% of net premiums earned, primarily due to wind, rain, and hail events in the Midwest.
Net investment income was $75.6 million, up 31.0% from the prior-year quarter, primarily from higher partnership income.
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Hanover Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income