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The Hanover Insurance Group THG Personal Lines — Prior Year Favorable Catastrophe Development
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Where this comes from
Reported directly by The Hanover Insurance Group in its filing.
Tagged under the XBRL concept thg:PriorYearFavorableCatastropheDevelopment.
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 Commercial | Three Months Ended / Specialty | Three Months Ended / Personal Lines | Three Months Ended / Other | Three Months Ended / Total |
|---|---|---|---|---|---|
| Current accident year losses and LAE | 340.6 | 188.5 | 363.1 | — | 892.2 |
| Prior year favorable development, excluding catastrophes | (0.6) | (10.8) | (10.1) | — | (21.5) |
| Current year catastrophe losses | 34.2 | 13.2 | 57.3 | — | 104.7 |
| Prior year favorable catastrophe development | (7.8) | (3.2) | (1.9) | — | (12.9) |
| Total losses and LAE | 366.4 | 187.7 | 408.4 | — | 962.5 |
| Amortization of deferred acquisition costs and other underwriting expenses(1) | 189.7 | 135.9 | 174.7 | — | 500.3 |
| Underwriting income | 23.2 | 42.2 | 69.4 | — | 134.8 |
| Net investment income | 55.3 | 27.2 | 33.3 | 3.8 | 119.6 |
ITEM 1 - FINANCIAL STATEMENTS
FAQ
- What is The Hanover Insurance Group's personal lines — prior year favorable catastrophe development?
- The Hanover Insurance Group (THG) reported personal lines — prior year favorable catastrophe development of -$1.9M in Q2 2026.
- How has The Hanover Insurance Group's personal lines — prior year favorable catastrophe development changed year-over-year?
- The Hanover Insurance Group's personal lines — prior year favorable catastrophe development increased by 5.0% year-over-year, from -$2M to -$1.9M.
- What does personal lines — prior year favorable catastrophe development mean?
- This reflects the reduction in estimated liabilities for catastrophe claims that occurred in prior years. It indicates that the actual costs of past catastrophic events were lower than the initial reserves set aside. This metric provides insight into the company's historical reserving accuracy for high-severity events.
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