The Hanover Reports Record Fourth Quarter Net Income and Operating Income of $5.47 and $5.79 per Diluted Share, Respectively; Record Full-Year Net Income and Operating Income of $18.16 and $19.09 per Diluted Share, Respectively
Fourth Quarter Highlights Net and operating return on equity(1) of 22.7% and 23.1%, respectively Combined ratio of 89.0%; combined ratio, excluding catastrophes(2), of 87.3% Catastrophe losses of $27.0 million, or 1.7 points of the combined ratio Net premiums written increase of 3.0%*, or 4.1% excluding reinstatement premiums(3) Renewal price increases(4) of 9.4% in Core Commercial, 9.2% in Personal Lines, and 6.4% in Specialty Rate increases(4) of 7.7% in Core Commercial, 6.3% in Personal Lines, and 4.2% in Specialty Net investment income of $125.8 million, up 24.9% from the prior-year quarter Book value per share of $100.90, up 5.1% from September 30, 2025 On December 1, 2025, the Board of Directors approved an increase of 5.6% to the ordinary quarterly cash dividend Full-Year Highlights Net and operating return on equity of 20.6% and 20.1%, respectively Combined ratio of 91.6%; combined ratio, excluding catastrophes, of 87.1% Catastrophe losses of $276.3 million, or 4.5 points of the combined ratio Net premiums written of $6.3 billion, an increase of 3.9% Loss and LAE ratio of 60.5%, 3.0 points below the prior year Current accident year loss and LAE ratio, excluding catastrophes(5), of 57.1%, 1.1 points below the prior year Net investment income of $454.4 million, up 22.0% from the prior year Book value per share increased 27.4% from December 31, 2024; excluding net unrealized depreciation on fixed maturity investments, net of tax(6), book value per share increased 15.3% WORCESTER, Mass., Feb. 3, 2026 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $198.5 million, or $5.47 per diluted share, in the fourth quarter of 2025, compared to $167.9 million, or $4.59 per diluted share, in the prior-year quarter.
Feb 03, 2026 | www.prnewswire.com
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