Edition:
United States

Hanover Insurance Group Inc (THG.N)

THG.N on New York Stock Exchange

118.21USD
21 Sep 2018
Change (% chg)

$1.54 (+1.32%)
Prev Close
$116.67
Open
$117.18
Day's High
$118.60
Day's Low
$116.97
Volume
198,689
Avg. Vol
55,596
52-wk High
$131.30
52-wk Low
$96.49

Latest Key Developments (Source: Significant Developments)

China Reinsurance To Buy 3 Target Companies From Hanover Insurance Group
Thursday, 13 Sep 2018 07:49am EDT 

Sept 13 (Reuters) - China Reinsurance Group Corp <1508.HK>::CO TO BUY HANOVER INSURANCE INTERNATIONAL, HANOVER AUSTRALIA HOLDCO AND CHAUCER INSURANCE COMPANY DESIGNATED ACTIVITY.DEAL FOR INITIAL CONSIDERATION OF US$820 MILLION PLUS US$45 MILLION AS CONTINGENT CONSIDERATION.CO TO BUY TARGET COMPANIES FROM HANOVER INSURANCE GROUP .  Full Article

Hanover Insurance Group Announces Agreement To Sell Chaucer
Thursday, 13 Sep 2018 07:30am EDT 

Sept 13 (Reuters) - Hanover Insurance Group Inc ::PRESS RELEASE - THE HANOVER INSURANCE GROUP, INC. ANNOUNCES AGREEMENT TO SELL CHAUCER FOR TOTAL PROCEEDS OF $950 MILLION.HANOVER INSURANCE GROUP INC - SALE WILL RESULT IN A NET GAAP AFTER-TAX GAIN WHICH WILL BE RECORDED IN DISCONTINUED OPERATIONS AT SALE EXECUTION.HANOVER INSURANCE GROUP INC - BEGINNING IN Q3 , EARNINGS RESULTS FOR CHAUCER OPERATIONS WILL BE REPORTED AS PART OF HANOVER'S DISCONTINUED OPERATIONS.HANOVER INSURANCE - DEAL FOR CASH CONSIDERATION OF $865 MILLION AND A PRE-SIGNING DIVIDEND FROM CHAUCER OF $85 MILLION, RECEIVED IN Q2.HANOVER INSURANCE GROUP - DEAL STRUCTURED SO THAT, RISKS & REWARDS OF CHAUCER'S BUSINESS FROM APRIL 1, 2018 UNTIL CLOSING, ARE TRANSFERRED TO CHINA RE.HANOVER INSURANCE - TO SELL ENTITIES COMPRISING CHAUCER, ITS LLOYD'S-FOCUSED INTERNATIONAL SPECIALTY BUSINESS, TO CHINA REINSURANCE (GROUP) CORP.  Full Article

Hanover Insurance Group Explores Strategic Alternatives For Its International Specialty Business
Wednesday, 28 Mar 2018 11:04am EDT 

March 28 (Reuters) - Hanover Insurance Group Inc ::THE HANOVER INSURANCE GROUP IS EXPLORING STRATEGIC ALTERNATIVES FOR ITS INTERNATIONAL SPECIALTY BUSINESS.HANOVER INSURANCE GROUP INC - RETAINED GOLDMAN SACHS & CO., LLC. TO SERVE AS ITS ADVISER THROUGH PROCESS.HANOVER INSURANCE GROUP INC - ‍CONFIRMED UNDERTAKING REVIEW OF STRATEGIC ALTERNATIVES, INCLUDING A POSSIBLE SALE, FOR LONDON-BASED CHAUCER.  Full Article

Hanover Reports Q4 Earnings Per Share $1.20
Wednesday, 31 Jan 2018 04:15pm EST 

Jan 31 (Reuters) - Hanover Insurance Group Inc ::THE HANOVER REPORTS FOURTH QUARTER NET INCOME AND OPERATING INCOME OF $1.20 AND $2.00 PER DILUTED SHARE, RESPECTIVELY; FOURTH QUARTER COMBINED RATIO OF 95.1%; COMBINED RATIO EXCLUDING CATASTROPHES OF 91.3%; FULL YEAR NET INCOME AND OPERATING INCOME OF $4..Q4 OPERATING EARNINGS PER SHARE $2.00.Q4 EARNINGS PER SHARE $1.20.Q4 EARNINGS PER SHARE VIEW $1.84 -- THOMSON REUTERS I/B/E/S.NET PREMIUMS WRITTEN UP 8.4% IN Q4.‍ NET INVESTMENT INCOME OF $78.1 MILLION IN Q4, UP 5.3% FROM PRIOR-YEAR QUARTER​.IN QUARTER, HAD ONE-TIME NON-OPERATING TAX EXPENSE OF $22.3 MILLION, OR $0.52 PER DILUTED SHARE DUE TO TAX ACT.HANOVER INSURANCE - ‍ONE-TIME NON-OPERATING TAX EXPENSE OF $22.3 MILLION, OR $0.52 PER DILUTED SHARE, RELATED TO RECENTLY ENACTED CHANGES IN U.S. TAX LAWS​.  Full Article

The Hanover Insurance Group Increases Quarterly Dividend To $0.54 Per Common Share
Tuesday, 5 Dec 2017 09:45am EST 

Dec 5 (Reuters) - Hanover Insurance Group Inc ::THE HANOVER INSURANCE GROUP, INC. INCREASES QUARTERLY DIVIDEND TO $0.54 PER COMMON SHARE.HANOVER INSURANCE GROUP INC - ANNOUNCED AN 8% INCREASE IN REGULAR QUARTERLY DIVIDEND.  Full Article

The Hanover reports third quarter net income
Wednesday, 1 Nov 2017 04:15pm EDT 

Nov 1 (Reuters) - Hanover Insurance Group Inc :The Hanover reports third quarter net income and operating income of $0.26 and $0.11 per diluted share, respectively, despite heavy industry catastrophe activity; combined ratio of 104.8%; combined ratio excluding catastrophes of 88.9%.Q3 operating earnings per share $0.11.Q3 earnings per share $0.26.Q3 earnings per share view $-0.69 -- Thomson Reuters I/B/E/S.Hanover Insurance Group Inc - qtrly ‍net premiums written of $1.3 billion; up 5.7%, driven primarily by growth in personal and commercial lines​.  Full Article

Hanover Insurance Group appoints John Roche CEO
Tuesday, 10 Oct 2017 04:34pm EDT 

Oct 10 (Reuters) - Hanover Insurance Group Inc :The Hanover Insurance Group appoints John C. Roche chief executive officer; Joseph M. Zubretsky to pursue healthcare opportunity.Says John C. Roche appointed CEO and president.Hanover Insurance Group Inc - Roche will succeed Joseph M. Zubretsky​.Hanover Insurance Group Inc - Zubretsky will remain with company through Nov. 3.​.  Full Article

Hanover estimates Q3 catastrophe losses to be in range of $185 mln-$225 mln
Thursday, 5 Oct 2017 04:15pm EDT 

Oct 5 (Reuters) - Hanover Insurance Group Inc :The hanover estimates the impact of third quarter catastrophes.Hanover insurance group inc - estimates q3 catastrophe losses to be in range of $185 to $225 million before taxes and net of reinsurance.Hanover insurance group inc - ‍updated loss estimates will be reflected in hanover's q3 financial results​.Hanover insurance group - losses from co's international specialty group, chaucer, estimated to be in range of $115 to $135 million before taxes, net of reinsurance.Hanover insurance-estimate includes anticipated losses from hurricanes harvey, irma, maria and two mexico earthquakes, as well as other catastrophe activity in quarter.Hanover insurance group inc - losses in company's domestic business are expected to be in range of $70 to $90 million before taxes and net of reinsurance.  Full Article

Scout Security signs partnership deal with Hanover Insurance Group
Tuesday, 12 Sep 2017 07:48pm EDT 

Sept 13 (Reuters) - Scout Security Ltd :Scout Security signs partnership deal with Hanover Insurance Group.Deal to sell Scout's self-installed wireless home security kits to hanover's customers and employees.  Full Article

Hanover Insurance Q2 earnings per share $1.83
Wednesday, 2 Aug 2017 04:15pm EDT 

Aug 2 (Reuters) - Hanover Insurance Group Inc :The Hanover reports second quarter net income and operating income (1) of $1.83 and $1.69 per diluted share, respectively; combined ratio of 95.6%, including catastrophe impact of 4.8 points; operating return on equity (2) of 10.6%.Q2 operating earnings per share $1.69.Q2 earnings per share $1.83.Q2 earnings per share view $1.58 -- Thomson Reuters I/B/E/S.Hanover Insurance Group Inc qtrly ‍net premiums written were $591.6 million in quarter, up 2.0% from prior-year quarter​.Hanover Insurance Group Inc qtrly ‍catastrophe losses of $57.1 million before taxes, or 4.8% of earned premiums, primarily in commercial lines​.Hanover Insurance Group Inc - ‍initiated expense actions to eliminate approximately 160 positions​.Hanover Insurance - expense actions are expected to contribute to annualized pre-tax expense savings of approximately $30 million in personnel-related costs​.Hanover Insurance Group Inc - ‍expects to realize a non-operating charge of approximately $10 million in 2017, with $1.8 million recognized in Q2​.  Full Article

Hanover to sell specialty unit Chaucer to China Reinsurance for $950 million

Hanover Insurance Group Inc on Thursday decided to sell its unit that underwrites risks at insurance market Lloyd's to China Reinsurance Group Corp for $950 million to focus on expanding its domestic business.