Hanover Insurance Q2 net income rises on lower catastrophe losses
THG•Key details
| Metric | Actual |
|---|---|
| Q2 Premiums Written | $1.66 bln |
| Q2 EPS | $5.38 |
| Q2 Net Income | $191.60 mln |
| Q2 Adjusted Combined Ratio | 85.50% |
| Q2 Combined Ratio | 91.20% |
| Q2 Expense Ratio | 31.00% |
| Q2 Operating Income | $189.20 mln |
Analyst coverage
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the property & casualty insurance peer group is "buy"
- Wall Street's median 12-month price target for Hanover Insurance Group Inc is $220.00, about 0.2% above its July 27 closing price of $219.52
- The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago
Quarterly results and drivers
- US property and casualty insurer's Q2 net income and operating EPS rose to record highs
- Q2 net premiums written increased 4.6% from the prior-year quarter
- Company repurchased $55 mln in shares during the quarter
Result drivers
