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Dec 31, 2021
Hanover Q4 2021 Earnings Report
The Hanover reported record fourth quarter net income and operating income.
Key Takeaways
The Hanover Insurance Group, Inc. reported a strong performance in Q4 2021, with net income of $163.5 million, or $4.53 per diluted share, and operating income of $122.1 million, or $3.38 per diluted share. Net premiums written increased by 9.2%. The combined ratio was 92.9%, and 89.8% excluding catastrophes.
Combined ratio of 92.9%, and 89.8% excluding catastrophes.
Net premiums written increased by 9.2%.
Rate increases of 6.3% in core commercial lines, 8.9% in specialty, and 2.0% in personal lines.
Net investment income of $79.5 million, up 13.2% from the prior-year quarter.
Hanover
Hanover
Hanover Revenue by Segment
Forward Guidance
The Hanover did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income