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Hanover Insurance (THG)
NYSE:THG
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
3.47Last Year’s EPS
3.08Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: 4.05%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance for The Hanover Insurance Group in 2024, marked by record returns on equity, substantial improvements in underwriting results, and successful implementation of catastrophe mitigation strategies. The company demonstrated significant growth in specialty lines and increased investment income. However, challenges remain in managing commercial umbrella reserves and temporary spikes in expense ratios.Company Guidance
During The Hanover Insurance Group's earnings call for the fourth quarter of 2024, the company provided guidance for 2025, highlighting several key metrics. The company anticipates overall consolidated net written premium growth of 6% to 7%, with specialty and small commercial segments expected to exceed this growth range, while personal lines and middle market are projected to fall below it. The combined ratio excluding catastrophes is forecasted to be between 88.5% and 89.5%, indicating an improvement from the previous guidance of 90% to 91%. The expense ratio is expected to decrease to 30.5%, reflecting a return to traditional pacing. Additionally, net investment income is projected to rise by 12% to 14% from 2024 levels. The company remains optimistic about its ability to deliver strong, sustainable, and profitable results, underpinned by a diversified franchise and strategic technological investments.Record Operating Return on Equity
Achieved a record operating return on equity of 24.4% for the quarter and 15.8% for the full year, the highest on record.
Improvement in Ex-Cat Combined Ratio
Improved the ex-cat combined ratio by 2.7 points year over year to 87.5%.
Strong Specialty Segment Growth
Accelerated top-line growth to 8.8% in the fourth quarter, with double-digit growth in E&S, HSI, healthcare, and marine lines.
Successful Catastrophe Mitigation Strategies
Implemented cat mitigation actions and increased cumulative written renewal pricing by 47% in homeowners and by 29% in core commercial property.
Investment Income Increase
Net investment income increased by 23.4% in the quarter and 12.2% for the year.
Expense Management and Future Growth
Despite a temporary spike in expenses, committed to achieving a 30.5% expense ratio in 2025.
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THG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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THG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $152.95 | $160.23 | +4.76% |
| Oct 30, 2024 | $150.55 | $147.47 | -2.05% |
| Jul 31, 2024 | $135.89 | $133.46 | -1.79% |
| May 01, 2024 | $128.73 | $128.27 | -0.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hanover Insurance (THG) report earnings?
Hanover Insurance (THG) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Hanover Insurance (THG) earnings time?
Hanover Insurance (THG) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is THG EPS forecast?
THG EPS forecast for the fiscal quarter 2025 (Q1) is 3.47.
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