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Sep 30, 2024
Hanover Q3 2024 Earnings Report
Hanover reported excellent Q3 results, marked by strong execution and profitability.
Key Takeaways
The Hanover Insurance Group reported a strong third quarter with net income of $102.1 million, or $2.80 per diluted share, and operating income of $111.3 million, or $3.05 per diluted share. The company's net and operating return on equity were 15.0% and 14.4%, respectively. Excluding catastrophes, the combined ratio was 88.3%, the best in several years.
Combined ratio of 95.5%; combined ratio, excluding catastrophes, of 88.3%.
Catastrophe losses of $105.9 million, or 7.2 points of the combined ratio.
Net premiums written increase of 4.2%.
Book value per share of $79.90, up 12.6% from June 30, 2024.
Hanover
Hanover
Hanover Revenue by Segment
Forward Guidance
The company remains committed to improving superior returns and driving enhanced shareholder value.