Fourth-quarter 2025 net income at The Hanover Insurance Group was $198.5 million, up about 18% over $167.9 million recorded for the same period in 2024.
The Worcester, Massachusetts-based insurer’s Q4 combined ratio remained relatively flat at 89.0 versus 89.2 the prior year.
Catastrophe losses during Q4 were $27 million, almost all attributable to commercial lines business where catastrophe losses during Q4 were $26.9 million compared with $8.4 million for Q4 2024. The personal lines business logged catastrophe losses of $9.3 million compared with $13.6 million. In specialty lines, The Hanover reported a benefit of $1.2 million versus a loss of $4 million the prior year.
Net premiums written (NPW) across all businesses increased about 3% to about $1.49 billion. The most growth during the period was in personal lines, up 4.4% to $640 million for Q4.
“In personal lines, our market position is driven by our strength as an account writer, with approximately 89% of customers having multiple policies, driving strong retention,” said John C. Roche, president and chief executive officer. “In core commercial, we continue to see attractive, high-quality opportunities in the small-to-middle-market account segment.”
Roche said 2025 was a “record year” for The Hanover. Net income for full year 2025 was $662.5 million, up 55.5% from $426 million reported for 2024. NPW was up nearly 4% to $6.32 billion. The combined ratio for the year was 91.6 versus 94.8 the prior year.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Charges Dropped Against ‘Poster Boy’ Florida Contractor Accused of Insurance Fraud 
India’s GIFT City Attracts Lloyd’s and Other Global Reinsurers, Sources Say 
Accuweather: Winter Storm to Cause Up to $115B in Damage, Economic Losses 
Howden-Driven Talent War Has Cost Brown & Brown $23M in Revenue, CEO Says 
