HANOVER INSURANCE GROUP INC
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
THG$250.21+2.0%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income (Loss)
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| (In millions, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Revenues | ||||
| Premiums | $1,479.2 | $1,431.1 | $4,401.0 | $4,222.8 |
| Net investment income | 91.8 | 84.2 | 271.9 | 250.5 |
| Net realized and unrealized investment gains (losses): | ||||
| Net realized losses from sales and other | (23.5) | (0.9) | (55.2) | (1.9) |
| Net change in fair value of equity securities | 11.7 | (5.2) | 19.3 | (13.4) |
| Impairments on investments: | ||||
| Credit-related impairments | (0.1) | — | (3.3) | (6.2) |
| Losses on intent to sell securities | (0.5) | — | (2.2) | (10.3) |
| (0.6) | — | (5.5) | (16.5) | |
| Total net realized and unrealized investment losses | (12.4) | (6.1) | (41.4) | (31.8) |
| Fees and other income | 6.7 | 7.4 | 21.6 | 23.2 |
| Total revenues | 1,565.3 | 1,516.6 | 4,653.1 | 4,464.7 |
| Losses and expenses | ||||
| Losses and loss adjustment expenses | 954.0 | 1,061.5 | 2,896.8 | 3,218.8 |
| Amortization of deferred acquisition costs | 307.8 | 296.6 | 910.3 | 878.1 |
| Interest expense | 8.5 | 8.5 | 25.6 | 25.6 |
| Other operating expenses | 165.3 | 150.9 | 494.1 | 451.3 |
| Total losses and expenses | 1,435.6 | 1,517.5 | 4,326.8 | 4,573.8 |
| Income (loss) from continuing operations before income taxes | 129.7 | (0.9) | 326.3 | (109.1) |
| Income tax expense (benefit): | ||||
| Current | 36.7 | (1.1) | 82.4 | (13.7) |
| Deferred | (9.1) | (8.0) | (14.1) | (21.6) |
| Total income tax expense (benefit) | 27.6 | (9.1) | 68.3 | (35.3) |
| Income (loss) from continuing operations | 102.1 | 8.2 | 258.0 | (73.8) |
| Discontinued operations (net of taxes): | ||||
| Income from discontinued life businesses | — | — | 0.1 | — |
| Income from discontinued Chaucer business | — | 0.4 | — | 1.2 |
| Net income (loss) | $102.1 | $8.6 | $258.1 | $(72.6) |
| Earnings per common share: | ||||
| Basic: | ||||
| Income (loss) from continuing operations | $2.84 | $0.23 | $7.18 | $(2.07) |
| Discontinued operations (net of taxes): | ||||
| Income from discontinued life businesses | — | — | — | — |
| Income from discontinued Chaucer business | — | 0.01 | — | 0.04 |
| Net income (loss) per share | $2.84 | $0.24 | $7.18 | $(2.03) |
| Weighted average shares outstanding | 36.0 | 35.8 | 35.9 | 35.7 |
| Diluted: | ||||
| Income (loss) from continuing operations | $2.80 | $0.23 | $7.09 | $(2.07) |
| Discontinued operations (net of taxes): | ||||
| Income from discontinued life businesses | — | — | 0.01 | — |
| Income from discontinued Chaucer business | — | 0.01 | — | 0.04 |
| Net income (loss) per share | $2.80 | $0.24 | $7.10 | $(2.03) |
| Weighted average shares outstanding | 36.5 | 36.1 | 36.4 | 35.7 |
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