The Hanover Estimates Q2 Catastrophe Losses Of $157.1M And Expects To Generate After-Tax Net Income Of $1.12 Per Diluted Share And Operating Income Of $1.88 Per Diluted Share In Q2
Portfolio Pulse from Benzinga Newsdesk
The Hanover Insurance Group (THG) estimates Q2 catastrophe losses of $157.1M and expects to generate after-tax net income of $1.12 per diluted share and operating income of $1.88 per diluted share. The company anticipates a combined ratio of 99.2% and an ex-CAT combined ratio of 88.5%.
July 18, 2024 | 8:21 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The Hanover Insurance Group (THG) estimates Q2 catastrophe losses of $157.1M and expects to generate after-tax net income of $1.12 per diluted share and operating income of $1.88 per diluted share. The company anticipates a combined ratio of 99.2% and an ex-CAT combined ratio of 88.5%.
The news provides detailed financial estimates for Q2, including catastrophe losses and expected net and operating income. The combined ratio and ex-CAT combined ratio are also provided, which are key metrics for insurance companies. The impact on the stock price is likely neutral in the short term as the information is mixed: significant catastrophe losses but positive net and operating income expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100