The Hanover Reports Excellent Third Quarter Net Income and Operating Income of $2.80 and $3.05 per Diluted Share, Respectively; Net and Operating Return on Equity of 15.0% and 14.4%, Respectively
The Hanover Insurance (THG) Prnewswire·2024-10-31 04:05Third Quarter Highlights Combined ratio of 95.5%; combined ratio, excluding catastrophes(1), of 88.3% Catastrophe losses of $105.9 million, or 7.2 points of the combined ratio Net premiums written increase of 4.2%* Renewal price increases(2) of 15.4% in Personal Lines, 12.9% in Core Commercial and 10.1% in Specialty Rate increases(2) of 14.4% in Personal Lines, 10.0% in Core Commercial and 7.6% in Specialty Loss and loss adjustment expense (LAE) ratio of 64.5%, 9.7 points below the prior-year quarter Curren ...