The Hanover Reports Excellent Third Quarter Net Income and Operating Income of $4.86 and $5.15 per Diluted Share, Respectively; Third Quarter Net and Operating Return on Equity of 19.4% and 18.7%, Respectively
The Hanover reported record third-quarter operating EPS of $5.15 (vs. $5.09) on operating income of $183.1 million, with operating ROE of 18.7% and a 92.3% combined ratio. Underlying quality improved: the current accident year ex-cat loss ratio fell 1.9 points to 55.7%, net investment income rose 12.7% to $131.9 million, and renewal pricing stayed positive across all three segments. Offsetting the strength, catastrophe losses doubled to $109.7 million (6.8 combined-ratio points vs.
Key figures
- Eps
- 4.86
- Guidance
- none provided
- Net roe
- 19.4%
- Net income
- 172600000
- Nii growth
- 12.7%
- Npw growth
- 3.1%
- Q3 buyback
- 86000000
- Ytd buyback
- 263000000
- Operating eps
- 5.15
- Operating roe
- 18.7%
- Combined ratio
- 92.3%
- Operating income
- 183100000
- Catastrophe losses
- 109700000
- Book value per share
- 99.69
- Combined ratio ex cat
- 85.5%
- Net investment income
- 131900000
- Specialty combined ratio
- 84.0%
- Personal lines combined ratio
- 89.7%
- Core commercial combined ratio
- 100.5%
AI analysis
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