Hanover Insurance Q1 operating income per share jumps 36%

Hanover Insurance group

29/04/2026 21:22

Overview

US property and casualty insurer's Q1 net premiums written rose 3.2% yr/yr

Q1 operating income per share reached record $5.25, up from $3.87 last year

Company repurchased $87 mln in shares during Q1

Outlook

Company did not provide specific financial guidance for the current quarter or full year in its press release

Result Drivers

HIGHER INVESTMENT INCOME - Net investment income rose 19.6% from prior-year quarter due to higher cash flows and yields, per CFO Jeffrey M. Farber

FAVORABLE PRIOR-YEAR RESERVE DEVELOPMENT - Favorable reserve development across all major segments contributed to results, per CFO Jeffrey M. Farber

Company press release: ID:nPnRgv7Sa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Premiums Written
$1.56 bln
Q1 Net Income
$186.80 mln
Q1 Adjusted Combined Ratio
85.40%
Q1 Combined Ratio
91.70%
Q1 Expense Ratio
30.70%
Q1 Operating Income
$188.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "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 $200.00, about 10.7% above its April 28 closing price of $180.71

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)