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The Hanover Insurance Group THG Specialty Lines — Underwriting Income Loss

Other segment segments

Personal Lines
$52.3M-15.2%
Core Commercial Lines
$17.8M+189%
All Other Segments
$0

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Other financials

Income statement

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Revenue$1.7B+6.1%
Operating income$250.2M+34.2%
Net income$186.8M+45.7%
EPS (diluted)$5.20+48.6%

Balance sheet

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Cash & equivalents$243.5M-22.7%
Total debt$843.8M+7.6%
Total equity$3.6B+17.3%
Total assets$16.5B+6.8%

Cash flow

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Operating cash flow$118.8M+205%
CapEx$3.5M+94.4%
Free cash flow$115.3M+211%

Valuation

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Market cap$6.92B-2.7%
Enterprise value$7.53B-0.6%
P/E9.6×-6.6×
P/S-0.1×

Profitability

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Operating margin13.4%
Net margin10.8%+3.8pp
FCF margin18.7%+6.3pp

Returns & leverage

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Return on equity21.8%+6.0pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by The Hanover Insurance Group in its filing.

Tagged under the XBRL concept us-gaap:UnderwritingIncomeLoss.

The official record: The Hanover Insurance Group’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The Hanover Insurance Group's specialty lines — underwriting income loss?
The Hanover Insurance Group (THG) reported specialty lines — underwriting income loss of $56.1M in Q1 2026.
How has The Hanover Insurance Group's specialty lines — underwriting income loss changed year-over-year?
The Hanover Insurance Group's specialty lines — underwriting income loss increased by 36.2% year-over-year, from $41.2M to $56.1M.
What is the long-term trend for The Hanover Insurance Group's specialty lines — underwriting income loss?
Over 4 years (2021 to 2025), The Hanover Insurance Group's specialty lines — underwriting income loss has grown at a 29.8% compound annual growth rate (CAGR), from $69.4M to $197.3M.
What does specialty lines — underwriting income loss mean?
This metric represents the profit or loss generated from insurance underwriting activities before investment income is considered. It is calculated as earned premiums minus the sum of incurred losses, loss adjustment expenses, and underwriting expenses. A positive value indicates that the segment is pricing its insurance products effectively relative to the risks assumed.