Hanover Insurance coverage Group (THG) reported $1.58 billion in income for the quarter ended September 2024, representing a year-over-year improve of three.6%. EPS of $3.05 for a similar interval compares to $0.19 a yr in the past.
The reported income compares to the Zacks Consensus Estimate of $1.59 billion, representing a shock of -0.76%. The corporate delivered an EPS shock of +15.09%, with the consensus EPS estimate being $2.65.
Whereas traders scrutinize income and earnings adjustments year-over-year and the way they evaluate with Wall Avenue expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
Since these metrics play a vital function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher mission a inventory’s worth efficiency.
Right here is how Hanover Insurance coverage carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- GAAP Expense Ratio: 30.2% in comparison with the 30.7% common estimate primarily based on three analysts.
- GAAP Loss and LAE Ratio: 74.2% in comparison with the 66.6% common estimate primarily based on three analysts.
- GAAP Mixed Ratio: 104.4% versus the three-analyst common estimate of 97.3%.
- Core Industrial – Expense Ratio: 33.3% versus the two-analyst common estimate of 33.5%.
- Revenues- Premiums earned: $1.48 billion in comparison with the $1.49 billion common estimate primarily based on three analysts. The reported quantity represents a change of +3.4% yr over yr.
- Revenues- Web funding earnings: $91.80 million versus the three-analyst common estimate of $92.17 million. The reported quantity represents a year-over-year change of +9%.
- Core Industrial- Web Funding Revenue: $38.40 million versus $41.68 million estimated by two analysts on common.
- Private Traces- Different earnings: $3.90 million versus the two-analyst common estimate of $4.03 million.
- Specialty- Web Funding Revenue: $20.90 million in comparison with the $20.06 million common estimate primarily based on two analysts.
- Private Traces- Web Premiums Earned: $614.70 million versus $613.78 million estimated by two analysts on common.
- Revenues- Charges and different earnings: $6.70 million versus the two-analyst common estimate of $7.87 million. The reported quantity represents a year-over-year change of -9.5%.
- Core Industrial- Web Premiums Earned: $517.40 million versus the two-analyst common estimate of $535.39 million.
View all Key Company Metrics for Hanover Insurance here>>>
Shares of Hanover Insurance coverage have returned -0.3% over the previous month versus the Zacks S&P 500 composite’s +1.8% change. The inventory at present has a Zacks Rank #4 (Promote), indicating that it might underperform the broader market within the close to time period.
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The Hanover Insurance Group, Inc. (THG) : Free Stock Analysis Report
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