Hanover Insurance posts record 2025 net income of $662.5 million, $18.16 per share
The Hanover Insurance Group reported record full-year 2025 net income of $662.5 million, or $18.16 per diluted share, up from $426.0 million, or $11.70 per share, in 2024. Fourth-quarter net income rose to $198.5 million, or $5.47 per diluted share, from $167.9 million, or $4.59, a year earlier, and the combined ratio improved to 91.6% for the year from 94.8%. For shareholders, the results also came with a 5.6% increase in the quarterly dividend to $0.95 per share.
Key points
- Q4 2025 net income of $198.5 million, or $5.47 per diluted share, versus $167.9 million, or $4.59, in Q4 2024
- Full-year 2025 operating income of $696.2 million, or $19.09 per diluted share, versus $485.9 million, or $13.34, in 2024
- Full-year 2025 combined ratio of 91.6%, compared with 94.8% in 2024; catastrophe losses were $276.3 million
- Quarterly dividend raised 5.6% to $0.95 per share; the company repurchased $130 million of shares in 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 February 03, 2026.
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.