Hanover Q1 net income rises to $128.2 million, or $3.50 per diluted share
The Hanover Insurance Group reported first-quarter 2025 net income of $128.2 million, or $3.50 per diluted share, up from $115.5 million, or $3.18, a year earlier. Operating income rose to $141.8 million, or $3.87 per diluted share, and total revenues increased to $1,603.2 million from $1,551.1 million. The results cover a quarter with $95.6 million in catastrophe losses, and Core Commercial operating income fell sharply, which shareholders may watch in future quarters.
Key points
- Net income of $128.2 million, or $3.50 per diluted share, versus $115.5 million, or $3.18, in Q1 2024
- Operating income of $141.8 million, or $3.87 per diluted share, versus $111.9 million, or $3.08
- Combined ratio of 94.1%, compared with 95.5% in the prior-year quarter; catastrophe losses of $95.6 million
- Core Commercial operating income of $26.8 million, down from $71.5 million; repurchased $28.4 million of stock through April 29, 2025
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing 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 April 30, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.