Hanover Estimates $157.1 Million Q2 Catastrophe Losses; Expects $1.12 EPS
The Hanover Insurance Group said its preliminary second quarter catastrophe losses were $157.1 million before taxes, mostly from severe convective storms that hit its Personal Lines business. It expects a second quarter combined ratio of 99.2% and after-tax net income of $1.12 per diluted share, with operating income of $1.88 per diluted share. The company described its bottom-line results as close to its second quarter expectations, and the figures are preliminary.
Key points
- Preliminary second quarter catastrophe losses of $157.1 million before taxes, or 10.7 points of net earned premium
- Expected second quarter combined ratio of 99.2% and ex-CAT combined ratio of 88.5%
- Expected net income of $40.5 million, or $1.12 per diluted share, and operating income of $68.1 million, or $1.88 per diluted share
- Results are for the quarter ended June 30, 2024, and are subject to revision as the company finalizes its financial results
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 July 18, 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.