Hanover Insurance (THG)
NYSE:THG
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.89Last Year’s EPS
4.35Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial performance for Q1: record profitability metrics, margin improvements across segments, double‑digit investment income growth, and disciplined underwriting actions that produced favorable prior‑year development. Challenges included elevated catastrophe activity, modest intentional near‑term premium growth (particularly in programs and property‑exposed specialty lines), and ongoing elevated liability severity industry‑wide. Management highlighted durable portfolio diversification, continued technology investments, and cautious, disciplined growth — indicating confidence that positives outweigh the manageable headwinds.Company Guidance
Record First Quarter Financial Performance
Reported record Q1 results including operating return on equity of 20.3% and operating diluted EPS of $5.25; all-in combined ratio improved ~2.5 points to 91.7% and ex-cat combined ratio improved similarly to 85.4% (both Q1 records).
Strong Segment Profitability
Personal Lines ex-cat current accident year combined ratio 83.8% (0.7 point improvement); Core Commercial ex-cat current accident year combined ratio 91.5% (3.6 point improvement); Specialty ex-cat current accident year combined ratio 85.4% with ex-cat loss ratio at 49% (better than low‑50s target).
Balanced Premium Growth Across Portfolio
Balanced net written premium growth of 3.2% in Q1 with segment growth: Core Commercial +4.3%, Small Commercial +6.4% (sequential acceleration), Middle Market +1.5%, Personal Lines +2.7%, Specialty +2.3%.
Effective Pricing Actions in Personal Lines
Strong earned pricing in Personal Lines: auto +6.7%, home +10.8%, and umbrella ~19%; homeowners ex-cat loss ratio 46.7% improved 2.0 points year-over-year, helped by pricing and deductible changes reducing small-claim frequency.
Attractive Investment Performance
Net investment income increased 19.6% in the quarter driven by asset base growth and higher reinvestment yields; fixed maturity portfolio earned yield rose to 4.42% from 4.08% a year ago; portfolio remains high-quality (AA- weighted avg, 95% investment grade).
Strong Reserve and Capital Actions
Q1 favorable ex-cat prior year reserve development of $25 million (favorability across segments) and 3.1 points of favorable prior-year catastrophe development; book value per share rose to $101.8 (up 1% sequentially; excluding unrealized losses up 2.8%); repurchased ~503k shares for $87M plus ~$14M through Apr 28.
Operational and Technology Progress
Ongoing investments in technology and reusable AI capabilities (ingestion/triage, claims document synthesis) intended to accelerate underwriting, quoting and claims efficiency and scale; early deployment planned in E&S and other lines.
Disciplined Underwriting and Portfolio Management
Management emphasized selective growth and margin preservation: pulling back on underpriced business, protecting higher‑tier accounts, and executing targeted property and terms & conditions actions that contributed to favorable prior‑year development.
THG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
THG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $177.51 | $187.69 | +5.73% |
Feb 03, 2026 | $173.10 | $174.12 | +0.59% |
Oct 29, 2025 | $166.61 | $168.46 | +1.11% |
Jul 30, 2025 | $162.69 | $168.98 | +3.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hanover Insurance (THG) report earnings?
Hanover Insurance (THG) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Hanover Insurance (THG) earnings time?
Hanover Insurance (THG) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is THG EPS forecast?
THG EPS forecast for the fiscal quarter 2026 (Q2) is 3.89.