NYSE$THG
The Hanover Insurance Group Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported second quarter results, with net income of $115.2 million and operating income of $62.7 million.
The Hanover Insurance Group reported a net income of $115.2 million, or $3.01 per diluted share, for the second quarter of 2020, compared to a net income of $74.0 million, or $1.79 per diluted share, in the prior-year quarter. Operating income was $62.7 million, or $1.63 per diluted share, compared to $77.7 million, or $1.88 per diluted share, in the prior-year quarter. The combined ratio was 96.2%, and the combined ratio excluding catastrophes was 82.7%.
- Net income was $115.2 million, or $3.01 per diluted share, compared to $74.0 million, or $1.79 per diluted share, in the prior-year quarter.
- Operating income was $62.7 million, or $1.63 per diluted share, compared to $77.7 million, or $1.88 per diluted share, in the prior-year quarter.
- The combined ratio was 96.2%, and the combined ratio excluding catastrophes was 82.7%.
- Book value per share increased 12.6% to $81.10.
Headline financials
Revenue & EPS history
Hanover · Revenue · Quarterly
$1.22B
Revenue by segment
Hanover · $1.1B total across 2 segments · Q2 2020
- Core Commercial$659M—60.1%
- Personal Lines$438M—39.9%
Forward guidance
The company updated full-year 2020 outlook, including an improved combined ratio, excluding catastrophes, between 89.5% and 90.5%, compared to the prior outlook of 91% to 92%.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+0.9%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+3.0%
Avg return
30 days after
66%
45 / 68 earnings
Positive
+8.2%
Q4 2016
Best reaction
-4.6%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.6% | +4.0% | +4.9% | |
| Q4 2025 | +0.6% | -1.4% | +2.1% | |
| Q3 2025 | +1.2% | +4.0% | +10.2% | |
| Q1 2025 | -0.3% | +0.7% | +5.9% | |
| Q4 2024 | +4.8% | +5.9% | +8.8% | |
| Q3 2024 | -0.0% | -0.8% | +11.2% | |
| Q2 2024 | -2.8% | -3.8% | +5.9% | |
| Q1 2024 | +0.7% | +3.8% | +1.6% | |
| Q4 2023 | -1.1% | -1.9% | -3.0% | |
| Q3 2023 | -0.5% | -0.1% | +6.7% | |
| Q2 2023 | -1.9% | +0.1% | -4.5% | |
| Q1 2023 | +1.3% | -0.4% | -6.2% | |
| Q4 2022 | +2.3% | +0.3% | +8.9% | |
| Q3 2022 | -3.4% | -1.5% | -0.7% | |
| Q2 2022 | -4.6% | -5.5% | -3.5% | |
| Q1 2022 | +3.7% | +2.2% | +0.4% | |
| Q4 2021 | +3.5% | +4.0% | +5.1% | |
| Q3 2021 | -3.5% | -3.4% | -4.5% | |
| Q2 2021 | +0.4% | +2.8% | +5.3% | |
| Q1 2021 | +2.8% | +4.4% | +3.7% | |
| Q4 2020 | +0.7% | -0.4% | +7.6% | |
| Q3 2020 | -4.4% | -3.8% | +17.9% | |
| Q2 2020 | +2.7% | +3.6% | +5.9% | |
| Q1 2020 | +5.3% | -3.7% | +3.8% | |
| Q4 2019 | +0.2% | -0.5% | -14.6% | |
| Q3 2019 | +3.0% | +2.0% | +6.3% | |
| Q2 2019 | +0.0% | -1.2% | +2.5% | |
| Q1 2019 | +0.5% | +1.3% | +1.3% | |
| Q4 2018 | +2.8% | +3.3% | +8.4% | |
| Q3 2018 | -3.3% | -2.3% | +1.5% | |
| Q2 2018 | -0.9% | +0.3% | -2.3% | |
| Q1 2018 | -0.7% | +1.2% | +3.7% | |
| Q4 2017 | +0.3% | -2.4% | -5.9% | |
| Q3 2017 | +3.7% | +7.1% | +8.8% | |
| Q2 2017 | +2.1% | +2.2% | +2.7% | |
| Q1 2017 | -1.6% | -4.0% | -5.8% | |
| Q4 2016 | +8.2% | +4.5% | +8.7% | |
| Q3 2016 | +5.7% | +4.2% | +16.0% | |
| Q2 2016 | -1.0% | -2.4% | -7.0% | |
| Q1 2016 | -1.2% | — | — | |
| Q4 2015 | -0.6% | — | — | |
| Q3 2015 | +5.1% | — | — | |
| Q2 2015 | +4.2% | — | — | |
| Q1 2015 | +4.0% | — | — | |
| Q4 2014 | +2.4% | — | — | |
| Q3 2014 | +0.3% | — | — | |
| Q2 2014 | +1.5% | — | — | |
| Q1 2014 | +0.4% | — | — | |
| Q4 2013 | +2.7% | — | — | |
| Q3 2013 | -1.6% | — | — | |
| Q2 2013 | +3.8% | — | — | |
| Q1 2013 | +2.5% | — | — | |
| Q4 2012 | +1.7% | — | — | |
| Q3 2012 | -4.0% | — | — | |
| Q2 2012 | -3.1% | — | — | |
| Q1 2012 | -0.3% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q3 2011 | -2.4% | — | — | |
| Q2 2011 | +0.0% | — | — | |
| Q1 2010 | +0.5% | — | — | |
| Q1 2011 | -0.1% | — | — | |
| Q4 2008 | +0.9% | — | — | |
| Q4 2010 | +0.9% | — | — | |
| Q3 2009 | +4.0% | — | — | |
| Q3 2010 | +4.0% | — | — | |
| Q2 2010 | +1.5% | — | — | |
| Q2 2009 | +1.5% | — | — | |
| Q4 2009 | +1.5% | — | — |
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