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.
With workers' compensation being a key component of every small business' insurance program, The Hanover Insurance Group, Inc. (NYSE: THG), a leading property and casualty insurance company, today released its 2024 Small Business Risk Report: A Focus on Workers' Compensation. The fifth edition of the report highlights how small business owners select their workers' compensation program, the value they place on risk management services and how a claim impacts how business owners view their worker