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Sep 30, 2021
Hanover Q3 2021 Earnings Report
Reported net income and operating income with a combined ratio, excluding catastrophes.
Key Takeaways
The Hanover Insurance Group reported a net income of $34.0 million, or $0.94 per diluted share, for the third quarter of 2021. The company's net premiums written increased by 8.4%, and the combined ratio, excluding catastrophes, was 89.4%.
Net premiums written increased by 8.4%, reflecting strong growth in all segments.
The combined ratio was 102.3%, while the combined ratio, excluding catastrophes, was 89.4%.
Catastrophe losses amounted to $153.5 million, or 12.9% of net premiums earned, including the impact of Hurricane Ida of $75.0 million.
Rate increases of 6.9% were achieved in Core Commercial lines and 2.1% in Personal Lines.
Revenue by Segment
Forward Guidance
The company remains committed to managing its business for sustainable long-term, profitable performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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