Hanover Q3 net income rises to $102.1 million, or $2.80 per share
The Hanover Insurance Group reported third-quarter 2024 net income of $102.1 million, or $2.80 per diluted share, compared with $8.6 million, or $0.24 per share, a year earlier. Operating income rose to $111.3 million, or $3.05 per share, from $6.8 million, and the combined ratio improved to 95.5% from 104.4%, which strengthens earnings for shareholders.
Key points
- Net income of $102.1 million, or $2.80 per diluted share, versus $8.6 million, or $0.24, in the third quarter of 2023
- Operating income of $111.3 million, or $3.05 per diluted share, versus $6.8 million, or $0.19
- Combined ratio of 95.5% versus 104.4%; catastrophe losses were $105.9 million, or 7.2 points
- Book value per share of $79.90, up 12.6% from June 30, 2024
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 October 30, 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.