The Hanover Insurance Group THG Michigan Catastrophic Claims Association — Ceded Premiums Earned
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Where this comes from
Reported directly by The Hanover Insurance Group in its filing.
Tagged under the XBRL concept us-gaap:CededPremiumsEarned.
The source filing: The Hanover Insurance Group’s 10-K, filed February 20, 2026.
- Filed
- Feb 20, 2026, 1:43 PM EST
- Fiscal year
- FY2025
- Accession
- 0001193125-26-060983
During 2025, the Company ceded premiums earned and losses and LAE incurred of $29.7 million and $35.2 million, respectively, and $39.2 million and $60.0 million, respectively, in 2024, to the MCCA. In 2023, the Company ceded $32.9 million and $72.8 million, respectively, of premiums earned and losses and LAE incurred, to the MCCA. The MCCA represented 41.2% of the total reinsurance receivable balance at December 31, 2025. Reinsurance recoverables related to the MCCA were $829.2 million and $870.4 million at December 31, 2025 and 2024, respectively. Since the MCCA is supported by assessments permitted by statute, and there have been no significant uncollectible balances from the MCCA identified during the three years ending December 31, 2025, the Company believes it has no significant exposure to uncollectible reinsurance balances from this entity.
ITEM 8 – FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
FAQ
- What is The Hanover Insurance Group's michigan catastrophic claims association — ceded premiums earned?
- The Hanover Insurance Group (THG) reported michigan catastrophic claims association — ceded premiums earned of $7.43M in Q4 2025.
- How has The Hanover Insurance Group's michigan catastrophic claims association — ceded premiums earned changed year-over-year?
- The Hanover Insurance Group's michigan catastrophic claims association — ceded premiums earned decreased by 24.2% year-over-year, from $9.8M to $7.43M.
- What is the long-term trend for The Hanover Insurance Group's michigan catastrophic claims association — ceded premiums earned?
- Over 3 years (2022 to 2025), The Hanover Insurance Group's michigan catastrophic claims association — ceded premiums earned has grown at a -5.0% compound annual growth rate (CAGR), from $34.6M to $29.7M.
- What does michigan catastrophic claims association — ceded premiums earned mean?
- This metric represents the portion of premiums earned by the insurer that is transferred to a reinsurer under the Michigan Catastrophic Claims Association arrangement. It reflects the cost of transferring underwriting risk to external parties to protect against high-severity claims. Monitoring this helps investors understand the company's risk mitigation strategy and the net retention of premium revenue.
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