Explore key insights from THG's Q1 2024 earnings, including significant financial achievements and strategic updates in commercial and personal lines.
Strong Underwriting Margins and Operating Return on Equity Highlight the Quarter
The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $115.5 million, or $3.18 per diluted share, in the first quarter of 2024, compared to a net loss of $12.0 million, or $0.34 per basic share, in the prior-year quarter. Operating income(4) was $111.9 million, or $3.08 per diluted share, in the first quarter of 2024, compared to operating income of $4.6 million, or $0.13 per diluted share, in the prior-year quarter.