Reinsurance News
The Hanover
The Hanover announces Q1’26 net operating income of $186.8m, CoR at 91.7%
30th April 2026
The Hanover Insurance Group, Inc., a property and casualty insurer, has announced its financial results for the first quarter of 2026, reporting a net operating income of $186.8 million, up from the $128.2 million reported in the same period the year. The company achieved a combined ratio of 91.7% in Q1 ... Read the full article
The Hanover posts record net income of $198.5m in Q4’25
4th February 2026
The Hanover Insurance Group, Inc., a property and casualty insurer, reported a record net income of $198.5 million in the fourth quarter of 2025, an 18.2% increase compared to $167.9 million in the same quarter a year prior. In the quarter, operating income stood at $210.1 million, an 8% increase compared ... Read the full article
The Hanover’s net income rises 75% as CoR strengthens in Q3’25
30th October 2025
Property and casualty insurer, The Hanover Insurance Group, saw its net income rise 75% year-on-year to $178.7 million in the third quarter of 2025, as the firm's combined ratio strengthened by 4.4 percentage points to 91.1% on the back of a lower loss and loss adjustment expense (LAE) ratio of ... Read the full article
The Hanover broadens life sciences solutions for small businesses
28th August 2025
The Hanover Insurance Group, Inc. has expanded its Business Owner's Advantage product to meet the evolving needs of the life sciences industry. The expanded suite is designed for early-stage and smaller businesses, offering customised coverage for a wide range of life sciences organisations. Available through The Agency Place (TAP) Sales, the company’s ... Read the full article
The Hanover reports higher net income of $157m for Q2’25
31st July 2025
The Hanover Insurance Group has announced its financial results for the second quarter of 2025, reporting a net income of $157.1 million, lower catastrophe losses of $107.5 million and an improved combined ratio of 92.5%. Net income in Q2 2025 saw an increase compared to the $40.5 million reported in the ... Read the full article
The Hanover’s Q1’25 net income and CoR see improvement amid significant cat activity
1st May 2025
The Hanover Insurance Group has announced its financial results for the first quarter of 2025, reporting a net income of $128.2 million, catastrophe losses of $95.6 million, and a combined ratio of 94.1%. This year’s Q1 net income compares to the $115.5 million reported in the same period last year, which ... Read the full article
The Hanover’s CoR improves to 95.5% in Q3’24, net income climbs to $102.1m
31st October 2024
The Hanover Insurance Group has released its financial results for the third quarter of 2024, which includes its combined ratio improving 8.9 points to 95.5%, driven in part by lower catastrophe losses, while net income increased to $102.1 million. At the same time, operating income was $111.3 million for the ... Read the full article
Pricing ‘significantly better’ than expectations at mid-year reinsurance renewal: The Hanover CFO
5th August 2024
Executive Vice President and Chief Financial Officer (CFO) of The Hanover Insurance Group, Jeffrey Farber, has revealed that pricing was "significantly better" than expected at the firm's July reinsurance renewal. During The Hanover's Q2 2024 earnings call, Farber highlighted that the strong pricing was primarily driven by the company’s work in ... Read the full article
The Hanover Insurance returns to profit in Q2’24 with net income of $40.5m
1st August 2024
The Hanover Insurance Group, Inc. has reported net income of $40.5 million for Q2 2024, compared to a net loss of $69.2 million in the prior-year quarter, as the company's combined ratio came down from 111.3% to 99.2% amid lower year-on-year catastrophe losses. For the second quarter of 2024, catastrophe losses ... Read the full article
The Hanover Insurance reports spike in net income for Q1’24 to $115.5m
7th May 2024
The Hanover Insurance Group, Inc. has reported net income of $115.5 million for Q1 2024, compared to a net loss of $12 million in the prior-year quarter. The firm’s operating income was $111.9 million for the quarter, compared with $4.6 million in the prior-year period. The insurer has reported a combined ... Read the full article
The Hanover’s Q4 net income soars to $107m as its combined ratio settles at 94%
1st February 2024
The Hanover has reported net income of $107.9 million for Q4 of 2023, marking a drastic improvement compared to the net loss of $12.1 million recorded in the same quarter of 2022. Operating income in Q4 of 2023 also grew to $113.1 million, up from an operating loss of $37.4 million, ... Read the full article
K2 Financial launches Aegis Financial Lines with former Hanover Insurance Group Leader
9th January 2024
Aegis Financial Lines (AFL), a division of Aegis General Insurance Agency, in partnership with its sister company, K2 Financial, has achieved approval of their official coverholder status with Lloyd’s, the global insurance and reinsurance marketplace. AFL is an expansion of K2 Financial’s operation in London. Moreover, Kevin Leach, the founder & Senior ... Read the full article
The Hanover promotes Mina S. Rona to president of technology and life sciences
5th January 2024
The Hanover Insurance Group, Inc. has appointed Mina S. Rona as president of technology and life sciences. Rona joined The Hanover eight years ago and has since played "a key role" in the expansion of the firm's technology and life sciences capabilities. The Hanover explained that Rona will now assume responsibility for ... Read the full article
The Hanover names Marohn President of Specialty P&C
21st November 2023
The Hanover Insurance Group has appointed veteran Stephen P. Marohn as President of Specialty Property and Casualty. Marohn brings to his new role more than 30 years of wide-ranging industry experience, along with an accomplished background in commercial and specialty property and casualty insurance. He will be responsible for leading the company's ... Read the full article
The Hanover posts $8.6m net income for Q3
2nd November 2023
The Hanover Insurance Group has posted a net income of $8.6 million for the third quarter of 2023, compared to net income of $0.5 million in the prior-year quarter. Operating income sat $6.8 million in Q3, compared to operating income of $35.7 million from Q322. At the same time, The Hanover posted ... Read the full article
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