The Hanover Insurance Group, Inc. (THG) Earnings
The Hanover Insurance Group, Inc. is expected to report next earnings on July 29, 2026 (in NaN days), with a consensus EPS estimate of $3.87. THG has beaten EPS estimates in 9 of its last 12 reported quarters (average surprise +28.5% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $4.14 | $5.25 | +26.8% | $1.6B | -1.4% |
| Feb 3, 2026 | $5.20 | $5.79 | +11.3% | $1.7B | +9.3% |
| Oct 29, 2025 | $3.79 | $5.09 | +34.3% | $1.7B | +9.0% |
| Jul 30, 2025 | $3.07 | $4.35 | +41.7% | $1.7B | -6.4% |
| Apr 30, 2025 | $3.58 | $3.87 | +8.1% | $1.6B | +3.0% |
| Feb 4, 2025 | $3.45 | $5.32 | +54.2% | $1.6B | +5.9% |
| Oct 30, 2024 | $2.53 | $3.05 | +20.6% | $1.6B | -6.1% |
| Jul 31, 2024 | $1.88 | $1.88 | +0.0% | $1.5B | +2.8% |
| May 1, 2024 | $2.71 | $3.08 | +13.7% | $1.6B | +0.4% |
| Jan 31, 2024 | $2.73 | $3.13 | +14.7% | $1.5B | +8.0% |
| Nov 1, 2023 | $0.19 | $0.19 | +0.0% | $1.5B | -3.1% |
| Aug 2, 2023 | $-1.91 | $-1.91 | +0.0% | $1.5B | +5.1% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Jack mentioned strong first quarter results with operating return on equity of 20.3% and operating earnings per share of $5.25. All-in combined ratio improved to 91.7%, XCAT combined ratio to 85.4%. Technology investments are visible with AI capabilities for underwriting and claims. Interaction with agents at President's Club Conference with positive feedback on underwriting and claims transformation.
Guidance
2026 plan assumed first quarter growth is the low point for the year. Specialty growth expected to ramp up from first quarter. Second quarter catload expected to be 7.9%.
Segment performance
Personal lines: Increased Purcelline's net written premiums by 2.7%, tracking well with state-specific growth strategies, underlying loss ratio improved. Core commercial: Delivered solid growth of 4.3%, led by small commercial and middle market. Specialty: Growth of 2.3%, with different sub-segments showing varied performance like management liability having double-digit momentum, E&S growing 8.1%, marine growth expected to ramp up later.
Risks & headwinds
Volatility from catastrophe activity, economic and geopolitical conditions, including economic and social inflation, tariffs, severe weather and catastrophes that could impact performance.
Analyst Q&A
Q: Michael Phillips asks about commercial market and small commercial;
A: Jack and Dick respond about diversified business, small commercial complexity and transformational opportunities.
Q: Paul Newsome asks about program business and commercial auto severity;
A: Jack and Brian respond about program business profitability and commercial auto severity trends.
Q: Mike Zimerinsky asks about personal lines pricing and marine accounts;
A: Dick and Brian respond about personal lines strategy and marine account types.
Q: Meyer Shields asks about specialty pricing and casualty reserves;
A: Brian and Jack respond about specialty pricing discipline and casualty reserve movements.
Q: Roland Mayer asks about CAT PYD and homeowner's business growth;
A: Jack responds about CAT reserve review and terms and conditions impact.
Q: Bob Huang asks about technology innovation;
A: Jack and Dick respond about technology progress in underwriting and claims with examples like E&S ingestion and triage agent.
Q: Mike Zaremski asks about pricing power trends;
A: Jack responds about discipline in liability lines and account pricing.