The Hanover reports Q1 operating EPS $5.25, consensus $4.22

Reports Q1 revenue $1.7B, consensus $1.58B. “We delivered excellent first quarter results, with an operating return on equity of over 20% while generating balanced top-line growth and building for the future,” said John Roche, president and chief executive officer at The Hanover (THG). “Our performance underscores disciplined execution and the cumulative impact of prior pricing and property underwriting actions that are now bearing fruit. In Personal Lines, we sustained strong margins, delivering solid growth and demonstrating the effectiveness of our state-specific growth strategies. Core Commercial performance remained strong, with healthy margins, resilient pricing, and balanced and accelerating premium growth, particularly in Small Commercial. Specialty once again delivered exceptional profitability and robust premium increases in targeted segments – Management Liability, Surety, Specialty GL and E&S – as our team navigated pockets of soft property market conditions through pricing rigor and a continued focus on disciplined risk selection. Supported by strong recent results, a diversified portfolio, and an experienced, agile team, we remain focused on executing effectively and delivering strong returns in a dynamic market environment.”