The Hanover Insurance (THG) - 2023 Q1 - Earnings Call Transcript
The Hanover Insurance (THG)2023-05-04 04:47
Home renewal price should be around 20% for the remainder of the year, which is 2 to 3 points higher compared to what we originally planned. As a result of these actions, we remain committed to delivering meaningful loss ratio improvement in personal lines in 2023 and bringing this business back to target profitability in the latter part of 2024. In core commercial, we continue to execute on a combination of rate and exposure increases as well as targeted underwriting actions during the quarter. Price incre ...