The Hanover Reports Record Q2 Earnings and Strong Financial Performance
The Hanover Insurance Group reported record second-quarter net income of $191.6 million or $5.38 per diluted share in the quarter ended June 30, 2026, compared to $157.1 million or $4.30 per diluted share a year earlier. Operating income also reached a new high at $189.2 million ($5.31 per diluted share), up from $158.7 million in the prior-year period. The company achieved record net and operating return on equity of 21.2% and 19.8%, respectively, driven by strong underwriting performance and investment income growth. The Hanover's combined ratio was 91.2%, with a catastrophe-adjusted ratio of 85.5%. Catastrophe losses amounted to $91.8 million or 5.7 points on the combined ratio. Net premiums written increased by 4.6% year-over-year, supported by renewal price increases across all business lines and favorable loss ratios. The company also reported a net investment income of $119.6 million for Q2, up 13.4% from last year. John C. Roche, CEO, announced his retirement at the end of 2026 and highlighted Dick Lavey as his successor. CFO Jeffrey M. Farber noted strong reserve development and capital generation that supports share repurchases while maintaining financial flexibility for future growth.
Topics: combined ratio earnings report insurance premium growth