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Sep 30, 2022
Hanover Q3 2022 Earnings Report
Hanover's Q3 2022 results were impacted by inflationary environment and Hurricane Ian, but delivered solid underwriting results and strong investment performance.
Key Takeaways
The Hanover Insurance Group, Inc. reported net income of $0.2 million, or $0.01 per diluted share, in the third quarter of 2022. Operating income was $35.7 million, or $0.99 per diluted share, for the third quarter of 2022. Net premiums written increased of 9.5%.
Combined ratio of 101.0%; combined ratio, excluding catastrophes, of 94.2%
Catastrophe losses of $90.1 million, or 6.8 points of the combined ratio, including the impact from Hurricane Ian of $28.0 million
Net premiums written increase of 9.5%, with contributions from each segment
Renewal price change of 11.2% in Core Commercial, 12.4% in Specialty and 7.3% in Personal Lines, driven by homeowners renewal price change of 12.1%
Revenue by Segment
Forward Guidance
The company is focused on long-term target for operating ROE and responsible capital management for the benefit of its valued shareholders.
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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