THG

EX-99.1

2 thg-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

The Hanover Reports Excellent Third Quarter Net Income and

Operating Income of $4.86 and $5.15 per Diluted Share, Respectively;

Third Quarter Net and Operating Return on Equity of 19.4% and 18.7%, Respectively

Third Quarter Highlights

• Combined ratio of 92.3%; combined ratio, excluding catastrophes(1), of 85.5%

• Catastrophe losses of $109.7 million, or 6.8 points of the combined ratio

• Net premiums written increase of 3.1%*

• Renewal price increases(2) of 8.7% in Personal Lines, 7.4% in Core Commercial and 4.3% in Specialty

• Rate increases(2) of 6.1% in Core Commercial, 4.9% in Personal Lines and 1.9% in Specialty

• Loss and loss adjustment expense (LAE) ratio of 61.4%, 1.6 points higher than the prior-year quarter, driven by higher catastrophe losses

• Current accident year loss and LAE ratio, excluding catastrophes(3), of 55.7%, 1.9 points below the prior-year quarter

• Net investment income of $131.9 million, up 12.7% from the prior-year quarter

• Book value per share of $99.69, down 5.4% from June 30, 2026; excluding net unrealized depreciation on fixed maturity investments, net of tax(4), book value per share increased 2.7%

WORCESTER, Mass., October 28, 2026 - The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $172.6 million, or $4.86 per diluted share, in the third quarter of 2026, compared to $178.7 million, or $4.90 per diluted share, in the prior-year quarter. Operating income(5) was $183.1 million, or $5.15 per diluted share, in the third quarter of 2026, compared to $185.6 million, or $5.09 per diluted share, in the prior-year quarter. The company reported net and operating return on equity(6) of 19.4% and 18.7%, respectively, in the third quarter of 2026, and 20.6% and 19.6% in the first nine months of 2026, respectively.

“In the third quarter, we continued to translate strategic clarity, disciplined execution and the breadth of our diversified franchise into exceptional performance,” said John C. Roche, president and chief executive officer at The Hanover. “With operating return on equity of 18.7% and record third quarter operating earnings per share of $5.15, our results reflect excellent underwriting execution and the benefits of our past portfolio actions. Our business mix continues to support strong performance and stable renewal pricing. A differentiated Specialty business, a preferred Personal Lines franchise, and a leading position with the top-performing agents in Core Commercial continue to provide avenues for profitable growth across market conditions, while we remain patient where conditions warrant greater selectivity,” added Roche. “At the same time, we continue to invest in technology, AI and other capabilities that are delivering meaningful business impact and strengthening our future position. We are confident in our outlook, and our goal of long-term profitability and value creation will continue to guide every underwriting and growth decision we make.”

(1) See information about this and other non-GAAP measures and definitions, including Operating Income and Operating Return on Equity in the headline, used throughout this press release on the final pages of this document.

*Unless otherwise stated, net premiums written growth and other growth comparisons are to the same period of the prior year.

The Hanover Insurance Group, Inc. may also be referred to as “The Hanover” or “the company” interchangeably throughout this press release.

“We are very pleased with our third quarter performance highlighted by nearly two points of improvement in our current accident year ex-catastrophe loss ratio, favorable reserve development, continued growth in net investment income, and the strength of our capital position,” said Jeffrey M. Farber, executive vice president and chief financial officer at The Hanover. “Net investment income increased 12.7%, driven by higher earned yields, strong cash flows and increased partnership income. The consistent capital generation of our business enabled us to repurchase approximately $86 million of stock during the quarter, totaling $263 million year-to-date through October 26th. As we discussed at our September Investor Day, profitability, earnings growth and capital allocation priorities continue to guide our decisions. With substantial financial flexibility, we remain well-positioned to invest in the business, return capital to shareholders and capture attractive opportunities as they emerge.”

Third Quarter 2026 Highlights

Three months ended

Nine months ended

September 30

September 30

($ in millions, except per share data)

2026

2025

2026

2025

Net premiums written

$

1,792.5

$

1,738.9

$

5,009.0

$

4,833.5

Growth

3.1

%

4.5

%

3.6

%

4.2

%

Net premiums earned

$

1,611.5

$

1,550.7

$

4,779.7

$

4,604.5

Current accident year loss and LAE ratio, excluding catastrophes

55.7

%

57.6

%

56.0

%

57.4

%

Prior-year development rat

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EX-99.1

2 thg-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

The Hanover Reports Record First Quarter Net Income and

Operating Income of $5.20 and $5.25 per Diluted Share, Respectively;

Record Net and Operating Return on Equity of 20.9% and 20.3%, Respectively

First Quarter Highlights

• Combined ratio of 91.7%; combined ratio, excluding catastrophes(1), of 85.4%

• Catastrophe losses of $98.9 million, or 6.3 points of the combined ratio

• Net premiums written increase of 3.2%*

• Renewal price increases(2) of 8.6% in Core Commercial, 8.4% in Personal Lines, and 4.6% in Specialty

• Rate increases(2) of 7.5% in Core Commercial, 4.3% in Personal Lines, and 2.4% in Specialty

• Loss and loss adjustment expense (LAE) ratio of 61.0%, 2.3 points below the prior-year quarter

• Current accident year loss and LAE ratio, excluding catastrophes(3), of 56.3%, 2.0 points below the prior-year quarter

• Net investment income of $126.9 million, up 19.6% from the prior-year quarter

• Book value per share of $101.86, up 1.0% from December 31, 2025; excluding net unrealized depreciation on fixed maturity investments, net of tax(4), book value per share increased 2.8%

WORCESTER, Mass., April 29, 2026 - The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $186.8 million, or $5.20 per diluted share, in the first quarter of 2026, compared to $128.2 million, or $3.50 per diluted share, in the prior-year quarter. Operating income(5) was $188.5 million, or $5.25 per diluted share, in the first quarter of 2026, compared to $141.8 million, or $3.87 per diluted share, in the prior-year quarter. The company reported net and operating return on equity(6) of 20.9% and 20.3%, respectively, in the first quarter of 2026.

“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 C. Roche, president and chief executive officer at The Hanover. “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.”

(1) See information about this and other non-GAAP measures and definitions, including Operating Income and Operating Return on Equity in the headline, used throughout this press release on the final pages of this document.

*Unless otherwise stated, net premiums written growth and other growth comparisons are to the same period of the prior year.

The Hanover Insurance Group, Inc. may also be referred to as “The Hanover” or “the company” interchangeably throughout this press release.

“We are extremely pleased with our financial metrics this quarter, including first quarter record operating earnings per share of $5.25 and a combined ratio of 91.7%,” said Jeffrey M. Farber, executive vice president and chief financial officer at The Hanover. “Our ability to sustain strong underwriting margins is evident in the 2.4-point improvement in our ex-CAT combined ratio compared to the prior-year quarter. Once again, we delivered strong net investment income, with growth of nearly 20%, as higher cash flows and yields continued to propel our growing earnings base. Our reserve position remains robust, demonstrated by favorable prior-year development across all major segments. We continue to deploy capital thoughtfully, including the repurchase of 580,000 shares, totaling $101 million year-to-date through April 28th – further augmenting the long-term value of our organization."

First Quarter 2026 Highlights

Three months ended

March 31

($ in millions, except per share data)

2026

2025

Net premiums written

$

1,559.7

$

1,510.8

Growth

3.2

%

3.9

%

Net premiums earned

$

1,570.6

$

1,508.5

Current accident year loss and LAE ratio, excluding catastrophes

56.3

%

58.3

%

Prior-year development ratio

(1.6)

%

(1.3)

%

Catastrophe ratio

6.3

%

6.3

%

Expense ratio(7)

30.7

%

30.8

%

Combined ratio

91.7

%

94.1

%

Combined ratio, excluding catastrophes

85.4

%

87.8

%

Current accident year combined ratio, excluding catastrophes

87.0

%

89.1

%

Net income

$

186.8

$

128.2

per diluted share