Hanover Insurance Posts 3Q EPS of $5.15
THG sits 40% above its 52-week low of $166.54.
Summary
Hanover reported third-quarter EPS of $5.15, with net income of $172.6 million and revenue of $1.74 billion. Book value per share stood at $99.69, and premiums written rose 3%. The headline carries the bottom-line number only — no combined ratio, catastrophe loss figure, or year-ago comparison — so the quality of the beat or miss versus consensus isn't determinable from this release. Context matters: Q2 was a record, with net income of $191.6 million and Personal Lines underwriting profit jumping to $69.4 million from $25.2 million on lower catastrophe losses, so the bar is high. The stock sits near its 52-week high of $240.97, leaving little room for a soft underwriting print. Full release details on combined ratio and cat losses will determine whether this holds.
At the time of this announcement, THG was trading at $233.26 on NYSE in the Finance sector, with a market capitalization of approximately $8.1B. The 52-week trading range was $166.54 to $240.97. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.