The Hanover Insurance Group Inc.
10/28/2026 | Press release | Distributed by Public on 10/28/2026 15:17
Third Quarter Highlights (Form 8-K)
Third Quarter Highlights
•
Combined ratio of 92.3%; combined ratio, excluding catastrophes(1), of 85.5%
•
Catastrophe losses of $109.7 million, or 6.8 points of the combined ratio
•
Net premiums written increase of 3.1%*
•
Renewal price increases(2) of 8.7% in Personal Lines, 7.4% in Core Commercial and 4.3% in Specialty
•
Rate increases(2) of 6.1% in Core Commercial, 4.9% in Personal Lines and 1.9% in Specialty
•
Loss and loss adjustment expense (LAE) ratio of 61.4%, 1.6 points higher than the prior-year quarter, driven by higher catastrophe losses
•
Current accident year loss and LAE ratio, excluding catastrophes(3), of 55.7%, 1.9 points below the prior-year quarter
•
Net investment income of $131.9 million, up 12.7% from the prior-year quarter
•
Book value per share of $99.69, down 5.4% from June 30, 2026; excluding net unrealized depreciation on fixed maturity investments, net of tax(4), book value per share increased 2.7%
WORCESTER, Mass., October 28, 2026 - The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $172.6 million, or $4.86 per diluted share, in the third quarter of 2026, compared to $178.7 million, or $4.90 per diluted share, in the prior-year quarter. Operating income(5) was $183.1 million, or $5.15 per diluted share, in the third quarter of 2026, compared to $185.6 million, or $5.09 per diluted share, in the prior-year quarter. The company reported net and operating return on equity(6) of 19.4% and 18.7%, respectively, in the third quarter of 2026, and 20.6% and 19.6% in the first nine months of 2026, respectively.
"In the third quarter, we continued to translate strategic clarity, disciplined execution and the breadth of our diversified franchise into exceptional performance," said John C. Roche, president and chief executive officer at The Hanover. "With operating return on equity of 18.7% and record third quarter operating earnings per share of $5.15, our results reflect excellent underwriting execution and the benefits of our past portfolio actions. Our business mix continues to support strong performance and stable renewal pricing. A differentiated Specialty business, a preferred Personal Lines franchise, and a leading position with the top-performing agents in Core Commercial continue to provide avenues for profitable growth across market conditions, while we remain patient where conditions warrant greater selectivity," added Roche. "At the same time, we continue to invest in technology, AI and other capabilities that are delivering meaningful business impact and strengthening our future position. We are confident in our outlook, and our goal of long-term profitability and value creation will continue to guide every underwriting and growth decision we make."
(1) See information about this and other non-GAAP measures and definitions, including Operating Income and Operating Return on Equity in the headline, used throughout this press release on the final pages of this document.
*Unless otherwise stated, net premiums written growth and other growth comparisons are to the same period of the prior year.
The Hanover Insurance Group, Inc. may also be referred to as "The Hanover" or "the company" interchangeably throughout this press release.
"We are very pleased with our third quarter performance highlighted by nearly two points of improvement in our current accident year ex-catastrophe loss ratio, favorable reserve development, continued growth in net investment income, and the strength of our capital position," said Jeffrey M. Farber, executive vice president and chief financial officer at The Hanover. "Net investment income increased 12.7%, driven by higher earned yields, strong cash flows and increased partnership income. The consistent capital generation of our business enabled us to repurchase approximately $86 million of stock during the quarter, totaling $263 million year-to-date through October 26th. As we discussed at our September Investor Day, profitability, earnings growth and capital allocation priorities continue to guide our decisions. With substantial financial flexibility, we remain well-positioned to invest in the business, return capital to shareholders and capture attractive opportunities as they emerge."
Third Quarter 2026 Highlights
|
Three months ended |
Nine months ended |
|||||||||||||||
|
September 30 |
September 30 |
|||||||||||||||
|
($ in millions, except per share data) |
2026 |
2025 |
2026 |
2025 |
||||||||||||
|
Net premiums written |
$ |
1,792.5 |
$ |
1,738.9 |
$ |
5,009.0 |
$ |
4,833.5 |
||||||||
|
Growth |
3.1 |
% |
4.5 |
% |
3.6 |
% |
4.2 |
% |
||||||||
|
Net premiums earned |
$ |
1,611.5 |
$ |
1,550.7 |
$ |
4,779.7 |
$ |
4,604.5 |
||||||||
|
Current accident year loss and LAE ratio, |
55.7 |
% |
57.6 |
% |
56.0 |
% |
57.4 |
% |
||||||||
|
Prior-year development ratio |
(1.1) |
% |
(0.8) |
% |
(1.4) |
% |
(1.1) |
% |
||||||||
|
Catastrophe ratio |
6.8 |
% |
3.0 |
% |
6.3 |
% |
5.4 |
% |
||||||||
|
Expense ratio(7) |
30.9 |
% |
31.3 |
% |
30.9 |
% |
30.9 |
% |
||||||||
|
Combined ratio |
92.3 |
% |
91.1 |
% |
91.8 |
% |
92.6 |
% |
||||||||
|
Combined ratio, excluding catastrophes |
85.5 |
% |
88.1 |
% |
85.5 |
% |
87.2 |
% |
||||||||
|
Current accident year combined ratio, |
86.6 |
% |
88.9 |
% |
86.9 |
% |
88.3 |
% |
||||||||
|
Net income |
$ |
172.6 |
$ |
178.7 |
$ |
551.0 |
$ |
464.0 |
||||||||
|
per diluted share |
4.86 |
4.90 |
15.43 |
12.70 |
||||||||||||
|
Operating income |
183.1 |
185.6 |
560.8 |
486.1 |
||||||||||||
|
per diluted share |
5.15 |
5.09 |
15.70 |
13.31 |
||||||||||||
|
Book value per share |
$ |
99.69 |
$ |
96.00 |
$ |
99.69 |
$ |
96.00 |
||||||||
|
Ending shares outstanding (in millions) |
34.5 |
35.7 |
34.5 |
35.7 |
||||||||||||
2
Third Quarter Operating Highlights
Core Commercial
Core Commercial operating income before income taxes was $55.5 million in the third quarter of 2026, compared to $65.1 million in the third quarter of 2025. The Core Commercial combined ratio was 100.5%, compared to 97.3% in the prior-year quarter. Catastrophe losses in the third quarter of 2026 were $45.3 million, or 7.8 points of the combined ratio. This compared to catastrophe losses of $17.8 million, or 3.2 points, in the prior-year quarter.
Third quarter 2026 results included net favorable prior-year reserve development, excluding catastrophes, of $3.0 million, or 0.5 points, compared to $1.2 million, or 0.2 points, in the third quarter of 2025.
Core Commercial current accident year combined ratio, excluding catastrophes, decreased 1.1 points, to 93.2% in the third quarter of 2026, compared to 94.3% in the prior-year quarter. The current accident year loss and LAE ratio, excluding catastrophes, was 60.5%, approximating the prior-year quarter, as the company continues to prudently set loss ratio selections in liability coverages.
The expense ratio decreased by 1.0 point, to 32.7%, in the third quarter of 2026, compared to the prior-year quarter, reflecting fixed cost leverage and efficiency gains.
Net premiums written were $648.9 million in the third quarter of 2026, up 4.6% from the prior-year quarter, reflecting growth of 2.8% in small commercial and 6.7% in middle market. Core Commercial renewal price increases averaged 7.4%, including average rate increases of 6.1%.
The following table summarizes premiums and the components of the combined ratio for Core Commercial:
|
Three months ended |
Nine months ended |
|||||||||||||||
|
September 30 |
September 30 |
|||||||||||||||
|
($ in millions) |
2026 |
2025 |
2026 |
2025 |
||||||||||||
|
Net premiums written |
$ |
648.9 |
$ |
620.3 |
$ |
1,854.1 |
$ |
1,760.9 |
||||||||
|
Growth |
4.6 |
% |
3.5 |
% |
5.3 |
% |
3.9 |
% |
||||||||
|
Net premiums earned |
582.2 |
554.2 |
1,725.3 |
1,649.5 |
||||||||||||
|
Operating income before taxes |
55.5 |
65.1 |
207.8 |
175.8 |
||||||||||||
|
Loss and LAE ratio |
67.8 |
% |
63.6 |
% |
65.0 |
% |
64.5 |
% |
||||||||
|
Expense ratio |
32.7 |
% |
33.7 |
% |
32.7 |
% |
33.3 |
% |
||||||||
|
Combined ratio |
100.5 |
% |
97.3 |
% |
97.7 |
% |
97.8 |
% |
||||||||
|
Prior-year development ratio |
(0.5) |
% |
(0.2) |
% |
(0.3) |
% |
(0.3) |
% |
||||||||
|
Catastrophe ratio |
7.8 |
% |
3.2 |
% |
5.9 |
% |
5.2 |
% |
||||||||
|
Combined ratio, excluding catastrophes |
92.7 |
% |
94.1 |
% |
91.8 |
% |
92.6 |
% |
||||||||
|
Current accident year combined ratio, |
93.2 |
% |
94.3 |
% |
92.1 |
% |
92.9 |
% |
||||||||
3
Specialty
Specialty operating income before income taxes was $88.1 million in the third quarter of 2026, compared to $78.2 million in the third quarter of 2025. The Specialty combined ratio was 84.0%, compared to 84.9% in the prior-year quarter. Catastrophe losses in the third quarter of 2026 were $12.4 million, or 3.4 points of the combined ratio. This compared to catastrophe losses of $6.0 million, or 1.7 points, in the prior-year quarter.
Third quarter 2026 results included net favorable prior-year reserve development, excluding catastrophes, of $14.8 million, or 4.0 points, with widespread favorability. Net favorable prior-year reserve development, excluding catastrophes, was $10.0 million, or 2.8 points, in the third quarter of 2025.
Specialty current accident year combined ratio, excluding catastrophes, decreased 1.4 points, to 84.6% in the third quarter of 2026, from 86.0% in the prior-year quarter. The current accident year loss and LAE ratio, excluding catastrophes, of 47.7% in the third quarter of 2026 decreased 1.1 points compared to the prior-year quarter and was favorable to the company's long-term expectations for the segment, driven by lower-than-expected property losses.
Net premiums written were $391.6 million in the third quarter of 2026, up 3.3% from the prior-year quarter. Specialty renewal price increases averaged 4.3%, including average rate increases of 1.9%.
The following table summarizes premiums and the components of the combined ratio for Specialty:
|
Three months ended |
Nine months ended |
|||||||||||||||
|
September 30 |
September 30 |
|||||||||||||||
|
($ in millions) |
2026 |
2025 |
2026 |
2025 |
||||||||||||
|
Net premiums written |
$ |
391.6 |
$ |
379.2 |
$ |
1,142.7 |
$ |
1,105.7 |
||||||||
|
Growth |
3.3 |
% |
8.3 |
% |
3.3 |
% |
6.1 |
% |
||||||||
|
Net premiums earned |
369.5 |
353.9 |
1,095.2 |
1,049.4 |
||||||||||||
|
Operating income before taxes |
88.1 |
78.2 |
240.5 |
214.0 |
||||||||||||
|
Loss and LAE ratio |
47.1 |
% |
47.7 |
% |
48.8 |
% |
49.3 |
% |
||||||||
|
Expense ratio |
36.9 |
% |
37.2 |
% |
36.8 |
% |
37.0 |
% |
||||||||
|
Combined ratio |
84.0 |
% |
84.9 |
% |
85.6 |
% |
86.3 |
% |
||||||||
|
Prior-year development ratio |
(4.0) |
% |
(2.8) |
% |
(3.6) |
% |
(3.7) |
% |
||||||||
|
Catastrophe ratio |
3.4 |
% |
1.7 |
% |
2.9 |
% |
3.4 |
% |
||||||||
|
Combined ratio, excluding catastrophes |
80.6 |
% |
83.2 |
% |
82.7 |
% |
82.9 |
% |
||||||||
|
Current accident year combined ratio, |
84.6 |
% |
86.0 |
% |
86.3 |
% |
86.6 |
% |
||||||||
4
Personal Lines
Personal Lines operating income before income taxes was $103.6 million in the third quarter of 2026, compared to $101.1 million in the third quarter of 2025. The Personal Lines combined ratio was 89.7%, compared to 89.2% in the prior-year quarter. Catastrophe losses in the third quarter of 2026 were $52.0 million, or 7.9 points of the combined ratio. This compared to catastrophe losses of $22.4 million, or 3.5 points of the combined ratio, in the prior-year quarter.
Third quarter 2026 results included net favorable prior-year reserve development, excluding catastrophes, of $0.7 million, or 0.1 points, compared to $0.9 million, or 0.1 points, in the third quarter of 2025.
Personal Lines current accident year combined ratio, excluding catastrophe losses, decreased 3.9 points, to 81.9%, in the third quarter of 2026, from 85.8% in the prior-year quarter. The current accident year loss and LAE ratio, excluding catastrophes, decreased 3.8 points from the prior-year quarter, to 56.0%, driven by the continued benefit of earned pricing outpacing loss trends, as well as benign property claims frequency.
Net premiums written were $752.0 million in the third quarter of 2026, up 1.7% compared to the prior-year quarter. The increase was primarily due to the impact of renewal price increases and higher new business. Personal Lines renewal price increases averaged 8.7%, including average rate increases of 4.9%. Policies in force (PIF) in the third quarter of 2026 were essentially flat compared to the second quarter of 2026.
The following table summarizes premiums and components of the combined ratio for Personal Lines:
|
Three months ended |
Nine months ended |
|||||||||||||||
|
September 30 |
September 30 |
|||||||||||||||
|
($ in millions) |
2026 |
2025 |
2026 |
2025 |
||||||||||||
|
Net premiums written |
$ |
752.0 |
$ |
739.4 |
$ |
2,012.2 |
$ |
1,966.9 |
||||||||
|
Growth |
1.7 |
% |
3.6 |
% |
2.3 |
% |
3.4 |
% |
||||||||
|
Net premiums earned |
659.8 |
642.6 |
1,959.2 |
1,905.6 |
||||||||||||
|
Operating income before taxes |
103.6 |
101.1 |
297.7 |
252.7 |
||||||||||||
|
Loss and LAE ratio |
63.8 |
% |
63.2 |
% |
64.0 |
% |
66.0 |
% |
||||||||
|
Expense ratio |
25.9 |
% |
26.0 |
% |
26.0 |
% |
25.4 |
% |
||||||||
|
Combined ratio |
89.7 |
% |
89.2 |
% |
90.0 |
% |
91.4 |
% |
||||||||
|
Prior-year development ratio |
(0.1) |
% |
(0.1) |
% |
(1.0) |
% |
(0.3) |
% |
||||||||
|
Catastrophe ratio |
7.9 |
% |
3.5 |
% |
8.5 |
% |
6.7 |
% |
||||||||
|
Combined ratio, excluding catastrophes |
81.8 |
% |
85.7 |
% |
81.5 |
% |
84.7 |
% |
||||||||
|
Current accident year combined ratio, |
81.9 |
% |
85.8 |
% |
82.5 |
% |
85.0 |
% |
||||||||
5
Investments
Net investment income was $131.9 million in the third quarter of 2026, an increase of 12.7% from the prior-year quarter, primarily due to the continued investment of cashflows from operations, the impact of higher earned yields on the fixed maturity investment portfolio, and higher investment income from limited partnerships. Total pre-tax earned yield on the investment portfolio for the third quarter of 2026 was 4.60%, up from 4.31% in the prior-year quarter. The average pre-tax earned yield on fixed maturities was 4.58% for the third quarter of 2026, up from 4.33% in the prior-year quarter.
Net realized and unrealized investment losses recognized in earnings were $14.1 million in the third quarter of 2026, compared to $9.0 million in the third quarter of 2025.
The company held $11.2 billion in cash and invested assets at September 30, 2026. Fixed maturities and cash represented approximately 93% of the investment portfolio. Approximately 95% of the company's fixed maturity portfolio is rated investment grade. As of September 30, 2026, net unrealized losses on the fixed maturity portfolio were $636.1 million before income taxes, compared to $259.5 million at June 30, 2026.
Shareholders' Equity and Capital Actions
At September 30, 2026, book value per share was $99.69, down 5.4% from June 30, 2026, as strong earnings were more than offset by an increase in the unrealized loss position on the fixed maturity portfolio, share repurchases and the ordinary quarterly cash dividends. Book value per share, excluding net unrealized depreciation on fixed maturity investments, net of tax, was $114.26 at September 30, 2026, up 2.7% from June 30, 2026, after the impact of share repurchases and the ordinary quarterly cash dividends.
At September 30, 2026, operating insurance company's statutory capital and surplus was $3.70 billion, compared to $3.54 billion at June 30, 2026.
The company repurchased approximately 386,000 shares of common stock in the third quarter of 2026, totaling approximately $86 million. Year-to-date through October 26th, the company has repurchased approximately 1,334,000 shares, totaling approximately $263 million. The company has approximately $546 million of remaining capacity under its existing share repurchase authorization.
6
Earnings Conference Call
The company will host a conference call to discuss its third quarter results on Thursday, October 29, at 10:00 a.m. E.T. A presentation will accompany the prepared remarks and has been posted on The Hanover's website. Interested investors and others can listen to the call and access the presentation through The Hanover's website, located in the "Investors" section at www.hanover.com. Investors may access the conference call by dialing 1-844-413-3975 in the U.S. and 1-412-317-5458 internationally. Webcast participants should go to the website 15 minutes early to register, download and install any necessary audio software. A re-broadcast of the conference call will be available on The Hanover's website approximately two hours after the call.
About The Hanover
The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides exceptional insurance solutions through a select group of independent agents and brokers. Together with its agent partners, the company offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items. For more information, please visit hanover.com.
Contact Information
|
Investors: Oksana Lukasheva 1-508-525-6081 |
Media: Emily P. Trevallion 1-508-855-3263 |
Definition of Segments
Continuing operations include four reporting segments: Core Commercial, Specialty, Personal Lines and Other. The Core Commercial segment includes commercial multiple peril, commercial automobile, workers' compensation and other core commercial lines coverages provided to small and mid-sized businesses. The Specialty segment includes four divisions of business: marine and industrial property, professional and executive lines (such as management and professional liability), E&S and alternative markets, and surety and other. E&S and alternative markets includes coverages such as excess and surplus lines, program business (providing commercial insurance to markets with specialized coverage or risk management need related to groups of similar businesses), and specialty general liability coverage. The Personal Lines segment markets automobile, homeowners and ancillary coverages to individuals and families. The Other segment primarily includes the operations of the holding company, and run-off direct asbestos and environmental business, run-off voluntary assumed property and casualty pools business, and run-off product liability business.
Financial Supplement
The Hanover's third quarter news release and financial supplement are available in the "Investors" section of the company's website at hanover.com.
7
|
The Hanover Insurance Group, Inc. |
||||||||||
|
Consolidated Statements of Income |
Three months ended |
Nine months ended |
||||||||
|
September 30 |
September 30 |
|||||||||
|
($ in millions) |
2026 |
2025 |
2026 |
2025 |
||||||
|
Revenues |
||||||||||
|
Premiums earned |
$ |
1,611.5 |
$ |
1,550.7 |
$ |
4,779.7 |
$ |
4,604.5 |
||
|
Net investment income |
131.9 |
117.0 |
378.4 |
328.6 |
||||||
|
Net realized and unrealized investment gains (losses): |
||||||||||
|
Net realized losses from sales and other |
(8.3) |
(20.3) |
(18.6) |
(43.7) |
||||||
|
Net change in fair value of equity securities and other |
(6.0) |
11.4 |
9.1 |
17.4 |
||||||
|
Recoveries (impairments) on investments: |
||||||||||
|
Credit-related |
1.7 |
- |
(1.3) |
(2.5) |
||||||
|
Intent to sell securities |
(1.5) |
(0.1) |
(2.8) |
(0.5) |
||||||
|
Total recoveries (impairments) on investments |
0.2 |
(0.1) |
(4.1) |
(3.0) |
||||||
|
Total net realized and unrealized investment losses |
(14.1) |
(9.0) |
(13.6) |
(29.3) |
||||||
|
Fees and other income |
6.2 |
6.3 |
18.6 |
18.8 |
||||||
|
Total revenues |
1,735.5 |
1,665.0 |
5,163.1 |
4,922.6 |
||||||
|
Losses and expenses |
||||||||||
|
Losses and loss adjustment expenses |
989.7 |
927.1 |
2,909.8 |
2,839.6 |
||||||
|
Amortization of deferred acquisition costs |
344.1 |
324.9 |
1,015.3 |
957.8 |
||||||
|
Interest expense |
10.0 |
11.6 |
30.9 |
28.7 |
||||||
|
Other operating expenses |
171.4 |
174.3 |
505.1 |
510.5 |
||||||
|
Total losses and expenses |
1,515.2 |
1,437.9 |
4,461.1 |
4,336.6 |
||||||
|
Income before income taxes |
220.3 |
227.1 |
702.0 |
586.0 |
||||||
|
Income tax expense |
48.0 |
48.5 |
151.5 |
122.3 |
||||||
|
Income from continuing operations |
172.3 |
178.6 |
550.5 |
463.7 |
||||||
|
Discontinued operations (net of taxes): |
||||||||||
|
Income from discontinued life businesses |
0.3 |
0.1 |
0.5 |
0.3 |
||||||
|
Net income |
$ |
172.6 |
$ |
178.7 |
$ |
551.0 |
$ |
464.0 |
||
|
The Hanover Insurance Group, Inc. |
|||||||
|
Condensed Consolidated Balance Sheets |
|||||||
|
September 30 |
December 31 |
||||||
|
($ in millions) |
2026 |
2025 |
|||||
|
Assets |
|||||||
|
Total investments |
$ |
10,671.4 |
$ |
10,382.7 |
|||
|
Cash and cash equivalents |
506.3 |
1,122.7 |
|||||
|
Premiums and accounts receivable, net |
1,998.9 |
1,861.3 |
|||||
|
Reinsurance recoverable on paid and unpaid losses and unearned premiums |
2,170.9 |
2,011.1 |
|||||
|
Other assets |
1,616.7 |
1,484.5 |
|||||
|
Assets of discontinued businesses |
79.5 |
83.6 |
|||||
|
Total assets |
$ |
17,043.7 |
$ |
16,945.9 |
|||
|
Liabilities |
|||||||
|
Loss and loss adjustment expense reserves |
$ |
8,219.9 |
$ |
7,755.2 |
|||
|
Unearned premiums |
3,645.1 |
3,440.4 |
|||||
|
Short-term debt |
50.1 |
375.0 |
|||||
|
Long-term debt |
794.1 |
843.3 |
|||||
|
Other liabilities |
792.6 |
851.9 |
|||||
|
Liabilities of discontinued businesses |
100.4 |
108.6 |
|||||
|
Total liabilities |
13,602.2 |
13,374.4 |
|||||
|
Total shareholders' equity |
3,441.5 |
3,571.5 |
|||||
|
Total liabilities and shareholders' equity |
$ |
17,043.7 |
$ |
16,945.9 |
8
The following is a reconciliation from operating income to income from continuing operations and net income(5)(8):
|
The Hanover Insurance Group, Inc. |
|||||||||||||||||||||||||
|
Three months ended September 30 |
Nine months ended September 30 |
||||||||||||||||||||||||
|
2026 |
2025 |
2026 |
2025 |
||||||||||||||||||||||
|
($ in millions, except per share data) |
$ |
Per Share (Diluted) |
$ |
Per Share (Diluted) |
$ |
Per Share (Diluted) |
$ |
Per Share (Diluted) |
|||||||||||||||||
|
Operating income |
|||||||||||||||||||||||||
|
Core Commercial |
$ |
55.5 |
$ |
65.1 |
$ |
207.8 |
$ |
175.8 |
|||||||||||||||||
|
Specialty |
88.1 |
78.2 |
240.5 |
214.0 |
|||||||||||||||||||||
|
Personal Lines |
103.6 |
101.1 |
297.7 |
252.7 |
|||||||||||||||||||||
|
Other |
(2.8) |
3.3 |
0.5 |
1.5 |
|||||||||||||||||||||
|
Total |
244.4 |
247.7 |
746.5 |
644.0 |
|||||||||||||||||||||
|
Interest expense |
(10.0) |
(11.6) |
(30.9) |
(28.7) |
|||||||||||||||||||||
|
Operating income before income taxes |
234.4 |
$ |
6.60 |
236.1 |
$ |
6.48 |
715.6 |
$ |
20.04 |
615.3 |
$ |
16.84 |
|||||||||||||
|
Income tax expense on operating income |
(51.3) |
(1.45) |
(50.5) |
(1.39) |
(154.8) |
(4.34) |
(129.2) |
(3.53) |
|||||||||||||||||
|
Operating income after income taxes |
183.1 |
5.15 |
185.6 |
5.09 |
560.8 |
15.70 |
486.1 |
13.31 |
|||||||||||||||||
|
Non-operating items: |
|||||||||||||||||||||||||
|
Net realized losses from sales and other |
(8.3) |
(0.23) |
(20.3) |
(0.56) |
(18.6) |
(0.52) |
(43.7) |
(1.20) |
|||||||||||||||||
|
Net change in fair value of equity securities and other |
(6.0) |
(0.17) |
11.4 |
0.31 |
9.1 |
0.25 |
17.4 |
0.48 |
|||||||||||||||||
|
Recoveries (impairments) on investments: |
|||||||||||||||||||||||||
|
Credit-related |
1.7 |
0.05 |
- |
- |
(1.3) |
(0.04) |
(2.5) |
(0.07) |
|||||||||||||||||
|
Intent to sell securities |
(1.5) |
(0.04) |
(0.1) |
- |
(2.8) |
(0.08) |
(0.5) |
(0.01) |
|||||||||||||||||
|
Total recoveries (impairments) on investments |
0.2 |
0.01 |
(0.1) |
- |
(4.1) |
(0.12) |
(3.0) |
(0.08) |
|||||||||||||||||
|
Income tax benefit on non-operating items |
3.3 |
0.09 |
2.0 |
0.06 |
3.3 |
0.10 |
6.9 |
0.19 |
|||||||||||||||||
|
Income from continuing operations, net of taxes |
172.3 |
4.85 |
178.6 |
4.90 |
550.5 |
15.41 |
463.7 |
12.70 |
|||||||||||||||||
|
Discontinued operations (net of taxes): |
|||||||||||||||||||||||||
|
Income from discontinued life businesses |
0.3 |
0.01 |
0.1 |
- |
0.5 |
0.02 |
0.3 |
- |
|||||||||||||||||
|
Net income |
$ |
172.6 |
$ |
4.86 |
$ |
178.7 |
$ |
4.90 |
$ |
551.0 |
$ |
15.43 |
$ |
464.0 |
$ |
12.70 |
|||||||||
|
Dilutive weighted average shares outstanding |
35.5 |
36.4 |
35.7 |
36.5 |
|||||||||||||||||||||
|
Basic weighted average shares outstanding |
34.8 |
35.8 |
35.0 |
35.9 |
|||||||||||||||||||||
9
The Hanover Insurance Group Inc. published this content on October 28, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 28, 2026 at 21:18 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]