Hanover Insurance Group (THG) Misses Q2 EPS by 41c

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Go back to Hanover Insurance Group (THG) Misses Q2 EPS by 41c

The Hanover Reports Second Quarter Results

August 2, 2023 4:10 PM EDT

Second Quarter Highlights

Combined ratio of 111.3%; combined ratio, excluding catastrophes(1), of 92.8%Catastrophe losses of $261.6 million, or 18.5 points of the combined ratio, driven by several convective storms across multiple states, with hail damage representing the majority of reported losses and primarily impacting Personal LinesNet premiums written increase of 8.6%*, with contributions from each segmentRenewal price increases(2) of 15.9% in Personal Lines, including 21.7% in homeowners, as well as increases of 11.4% in Specialty and 11.3% in Core CommercialRate increases(2) of 9.8% in Personal Lines, 6.4% in Specialty... More