Hanover Insurance Group (THG) Reports Q3 EPS of $0.26, Beats on Revenues

Hanover Insurance Group (NYSE: THG) reported Q3 EPS of $0.26, versus ($0.69) reported last year. Revenue for the quarter came in at $1.32 billion versus the consensus estimate of $1.29 billion.

Third Quarter Highlights

• Current accident year catastrophe losses* of $202.4 million before taxes, or 16.5% of earned premiums, primarily due to hurricanes Harvey, Irma, and Maria and earthquakes in Mexico
• Combined ratio, excluding catastrophes(2), of 88.9%, an improvement of 3.0 points over the prior-year quarter
• Net premiums written of $1.3 billion; up 5.7%, driven primarily by growth in Personal and Commercial Lines
• Continued price increases in Commercial and Personal Lines
• Net investment income of $76.6 million, up 13.0% compared to the prior-year quarter
• Book value per share of $70.10, down 0.1% from the second quarter of 2017; book value per share, excluding net unrealized gains on investments(3), of $64.71, down 0.2% from the second quarter of 2017

For earnings history and earnings-related data on Hanover Insurance Group (THG) click here.

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