HANOVER INSURANCE GROUP, INC. (THG) Form 8-K — Oct 28, 2026
The Hanover Insurance Group (NYSE: THG) reported third-quarter 2026 net income of $172.6 million ($4.86 per diluted share) and record Q3 operating EPS of $5.15, with net and operating ROE of 19.4% and 18.7% respectively. Underwriting quality improved ex-catastrophes: the combined ratio was 92.3% (85.5% ex-cat, 2.6 points better YoY), but catastrophe losses of $109.7 million (6.8 points) pushed the Core Commercial combined ratio above 100%. Net premiums written grew 3.1% to $1.79 billion, and net investment income rose 12.7% to $131.9 million.
Key figures
- Eps
- 4.86
- Eps Beat
- 0
- Guidance
- Management expressed confidence in outlook and long-term profitability goals; no formal numeric guidance provided.
- Net Income
- 172.6
- Total Debt
- 844.2 million ($50.1M short-term + $794.1M long-term)
- Revenue Yoy
- 4.2% (total revenues $1,735.5M vs $1,665.0M)
- Cash Position
- 506.3 million (cash and cash equivalents); $11.2 billion total cash and invested assets
- Shares Outstanding
- 34500000
- Operating roe
- 18.7%
- Combined ratio
- 92.3%
- Operating income
- 183.1
- Statutory surplus
- 3.70 billion
- Catastrophe losses
- 109.7
- Book value per share
- 99.69
- Share repurchases q3
- approximately $86 million (386,000 shares)
- Net investment income
- 131.9
- Share repurchases ytd
- approximately $263 million through October 26
- Specialty combined ratio
- 84.0%
- Operating income per share
- 5.15
- Net premiums written growth
- 3.1%
- Net investment income growth
- 12.7%
- Personal lines combined ratio
- 89.7%
- Combined ratio ex catastrophes
- 85.5%
- Core commercial combined ratio
- 100.5%
- Remaining buyback authorization
- approximately $546 million
AI analysis
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