Hanover Insurance Q1 2026 Combined Ratio Improves to 91.7%

Key Facts

1Hanover Insurance wrote $6.3 billion in premiums for 2025 across personal, commercial, and specialty lines.

2Q1 2026 combined ratio improved to 91.7% from 94.1% in Q1 2025.

3The five-year average combined ratio is 97.3%, indicating technical profitability in four of five years.

Amid the insurance industry's ongoing focus on underwriting discipline, Hanover Insurance reported a Q1 2026 combined ratio of 91.7%, improving from 94.1% a year earlier, according to reports. The improvement spans personal, commercial, and specialty lines. The company wrote $6.3 billion in premiums for the full year 2025, maintaining technical profitability in four of five years, with a five-year average combined ratio of 97.3%.

This improvement comes as the sector faces cost pressures and rising claims. The five-year average combined ratio of 97.3% indicates the insurer has achieved underwriting profitability in four of the past five years—a key metric for evaluating insurance company performance.

At the June 24, 2026 close, Hanover Insurance (THG) traded at $210.40, within a session range of $207.58–$213.05. No major sector-specific economic events are on the near-term calendar, but investors will monitor loss ratio trends in upcoming quarters as a gauge of sustained underwriting improvement.