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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
Revenue by Segment
Core Commercial Net Premiums Earned Revenue
CapyFin.comSpecialty Net Premiums Earned Revenue
CapyFin.comPersonal Lines Net Premiums Earned Revenue
CapyFin.com Forward Guidance
The company remains committed to improving superior returns and driving enhanced shareholder value.
Revenue & Expenses
Visualization of income flow from segment revenue to net income