The Hanover Insurance Group, Inc. reported financial results for the quarter ended September 30, 2026, in a filing dated October 28, 2026. The company reported net income of $172.6 million, or $4.86 per diluted share, for the third quarter of 2026. This figure represents a decrease from the prior-year quarter, which saw net income of $178.7 million, or $4.90 per diluted share.
Operating income for the third quarter of 2026 was $183.1 million, or $5.15 per diluted share. The company reported a net return on equity of 19.4% and an operating return on equity of 18.7% for the quarter. For the first nine months of 2026, the company reported net income of $551.0 million, or $15.43 per diluted share.
The company reported a combined ratio of 92.3% for the third quarter of 2026. Excluding catastrophe losses, the combined ratio was 85.5%. Catastrophe losses for the quarter were $109.7 million, or 6.8 points of the combined ratio. The loss and loss adjustment expense (LAE) ratio was 61.4%, which was 1.6 points higher than the prior-year quarter, driven by higher catastrophe losses.
Net premiums written for the third quarter of 2026 were $1,792.5 million, an increase of 3.1% compared to the prior-year quarter. Renewal price increases were 8.7% in Personal Lines, 7.4% in Core Commercial, and 4.3% in Specialty. Net investment income for the third quarter of 2026 was $131.9 million, up 12.7% from the prior-year quarter.
At September 30, 2026, book value per share was $99.69, down 5.4% from June 30, 2026. The company repurchased approximately $86 million of stock during the third quarter, bringing total year-to-date repurchases to $263 million through October 26, 2026.
