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Dec 31, 2020
Hanover Q4 2020 Earnings Report
Reported net income of $164.6 million and operating income of $4.43 and $3.02 per diluted share, respectively.
Key Takeaways
The Hanover Insurance Group, Inc. reported net income of $164.6 million, or $4.43 per diluted share, in Q4 2020, compared to $109.8 million, or $2.76 per diluted share, in the prior-year quarter. Operating income was $112.0 million, or $3.02 per diluted share, for the fourth quarter of 2020.
Combined ratio of 92.4%; combined ratio, excluding catastrophes of 89.4%
Net premiums written increase of approximately 1%
Rate increases of 6.4% in core commercial lines and 4.4% in Personal Lines
Catastrophe loss ratio of 3.0%
Hanover
Hanover
Hanover Revenue by Segment
Revenue by Segment
Core Commercial Net Premiums Earned Revenue
CapyFin.comPersonal Lines Net Premiums Earned Revenue
CapyFin.com 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