The Hanover reports Q3 operating EPS $5.09, consensus $4.22

Reports Q3 revenue $1.67B, consensus $1.73B. “Once again, our team put forth a very strong performance, not only achieving impressive financial results, but also affirming the effectiveness of our strategy and building on the positive momentum we’ve established across The Hanover (THG),” said John C. Roche, president and chief executive officer. “With an operating return on equity of 21.1% and operating earnings per share of $5.09, both third quarter records, our performance reflects outstanding execution, disciplined underwriting, and relatively quiet weather. Importantly, our underlying performance was strong, driven by the cumulative impact of prior pricing and underwriting actions, which continue to yield excellent results. Market dynamics in our chosen segments remain constructive, with consistent pricing gains in Core Commercial and Specialty thanks to our focus on smaller, less cyclical sectors, while in Personal Lines, our whole-account strategy provides good insulation from the competitive auto market. These results underscore the sustainability of our performance and opportunities ahead, as we continue to invest in innovative capabilities that are shaping our resilient, future-ready franchise positioned for long-term success.”