Published on 6 Oct 2024 on GuruFocus.com · via Yahoo Finance
The Hanover Insurance Group Inc (THG) Q2 2024 Earnings Call Highlights: Strong...
Operating Return on Equity (ROE): 9% in the second quarter, 12% through the first half of the year.Ex-CAT Combined Ratio: 88.5%, improved from 92.8% year over year.Written Premium Growth: 5.1% in the second quarter.Specialty Segment Growth: 8.2% top line growth, retention at 83%, renewal pricing momentum at 11.7%.Core Commercial Net Written Premium Growth: 5.5%, driven by an 8.5% increase in small commercial.Personal Lines Net Written Premium Growth: 3.3% in the quarter.Combined Ratio: 99.2% for the second quarter, including 10.7 points of catastrophe losses.Expense Ratio: 30.8% for the quarter.Net Investment Income: $90.4 million in the second quarter, a 3% increase from the prior year quarter.GAAP Book Value Per Share: Increased 1.1% sequentially to $70.96 per share.
Warning! GuruFocus has detected 6 Warning Sign with THG.