The Hanover Q1 net income $115.5 million, or $3.18 per share, vs. $12.0 million loss a year earlier
The Hanover Insurance Group reported first-quarter 2024 net income of $115.5 million, or $3.18 per diluted share, compared with a net loss of $12.0 million, or $0.34 per basic share, a year earlier. The combined ratio improved to 95.5% from 104.4%, and catastrophe losses were $86.9 million, or 6.0 points, compared with a 12.7-point catastrophe ratio a year earlier.
Key points
- Operating income was $111.9 million, or $3.08 per diluted share, versus $4.6 million, or $0.13, in the first quarter of 2023.
- Net premiums written rose 2.3% to $1,454.0 million; Personal Lines premiums were flat at $531.8 million.
- Net investment income was $89.7 million, up $11.0 million from the prior-year quarter.
- Book value per share was $70.22 at March 31, 2024, up 1.9% from December 31, 2023; no shares were repurchased in the quarter.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.