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The Hanover Insurance Group THG Prior Year Claims Adjustment Expense Excluding Catastrophes

Segments

By segment

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Specialty Lines-$10.8M+13.6%
Personal Lines-$10.1M-288%
Core Commercial Lines-$600K+80.0%
All Other Segments$0+100%

Other financials

Income statement

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Revenue$1.7B+4.3%
Operating income$251.9M+20.0%
Net income$191.6M+22.0%
EPS (diluted)$5.38+25.1%

Balance sheet

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Cash & equivalents$266.1M+9.0%
Total debt$844.0M+7.6%
Total equity$3.7B+14.2%
Total assets$16.9B+7.2%

Cash flow

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Operating cash flow$212.3M+2.8%
CapEx$2.9M+70.6%
Free cash flow$209.4M+2.2%

Valuation

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Market cap$7.98B+28.5%
Enterprise value$8.56B+26.8%
P/E10.6×-0.6×
P/S1.2×+0.2×

Profitability

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Operating margin14.2%
Net margin11.2%+2.5pp
FCF margin18.5%+5.3pp

Returns & leverage

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Return on equity21.9%+2.7pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by The Hanover Insurance Group in its filing.

Tagged under the XBRL concept thg:PriorYearClaimsAdjustmentExpenseExcludingCatastrophes.

The source filing: The Hanover Insurance Group’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 5:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000944695-26-000014
(in millions)Three Months Ended / Core CommercialThree Months Ended / SpecialtyThree Months Ended / Personal LinesThree Months Ended / OtherThree Months Ended / Total
Net premiums earned$$579.3$365.8$652.51,597.6
Losses and LAE:
Current accident year losses and LAE340.6188.5363.1892.2
Prior year favorable development, excluding catastrophes(0.6)(10.8)(10.1)(21.5)
Current year catastrophe losses34.213.257.3104.7
Prior year favorable catastrophe development(7.8)(3.2)(1.9)(12.9)
Total losses and LAE366.4187.7408.4962.5
Amortization of deferred acquisition costs and other underwriting expenses(1)189.7135.9174.7500.3

ITEM 1 - FINANCIAL STATEMENTS

FAQ

What is The Hanover Insurance Group's prior year claims adjustment expense excluding catastrophes?
The Hanover Insurance Group (THG) reported prior year claims adjustment expense excluding catastrophes of -$21.5M in Q2 2026.
How has The Hanover Insurance Group's prior year claims adjustment expense excluding catastrophes changed year-over-year?
The Hanover Insurance Group's prior year claims adjustment expense excluding catastrophes decreased by 18.1% year-over-year, from -$18.2M to -$21.5M.

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