hanover insurance group inc/ (THG) Key Developments
The Hanover Insurance Group, Inc. Declares Quarterly Dividend, Payable on June 26, 2015
May 19 15
The Hanover Insurance Group, Inc. announced that its board of directors declared a quarterly dividend of $0.41 per share on the issued and outstanding common stock of the company, payable June 26, 2015, to shareholders of record at the close of business on June 12, 2015.
The Hanover Insurance Group, Inc. Announces Availability of Enhanced Suite of General Liability and Umbrella Coverage Offerings
May 13 15
The Hanover Insurance Group, Inc. announced the availability of an enhanced suite of general liability and umbrella coverage offerings to further help its independent insurance agents to offer more comprehensive protection for their business clients. These product enhancements include industry-specific and specialized coverage endorsements that can further extend coverage. The policies and forms were also simplified to help independent agents do business easier and faster when working to meet their customers' needs. The suite of general liability broadening coverages is designed to help more fully protect commercial package policy and monoline general liability clients against costly damage, injury and lawsuits that may be brought against them. It consists of more than 20 coverages and enhancements, including coverage for newly acquired or formed organizations until the end of the policy period and additional insured—primary and non-contributory, as well as industry-specific coverages that help address more unique exposures. The umbrella liability coverages offer extra protection through an improved Coverage A/Coverage B format, helping to eliminate potential gaps in coverage. This product allows agents to offer their clients additional protection in the event of a catastrophic loss, with limits that go beyond their clients' scheduled general liability, commercial auto, employer's liability and more. The new and enhanced general liability and umbrella coverage offerings are available on new and renewal policies effective immediately.
The Hanover Insurance Group, Inc. Enhanced its Hanover Builders Risk Insurance Coverage
May 4 15
The Hanover Insurance Group, Inc. announced it has enhanced its Hanover Builders Risk insurance coverage forms to offer more flexible, comprehensive coverage's that better meet the needs of construction businesses nationwide. Hanover Builders Risk now offers one of the broadest coverage forms in the industry. The forms can be used for a variety of construction needs, including single properties, blanket policies, new construction and renovations, giving agents the flexibility to tailor best-in-class insurance coverage to meet their clients' individual needs and budgets. The company also has a dedicated marine claims staff that provides construction expertise with high-touch service and offers risk management and loss control services that are directly relevant to construction businesses.
The Hanover Insurance Group, Inc. Provides Earnings Guidance for the Year 2015
May 1 15
The Hanover Insurance Group, Inc. provided earnings guidance for the year 2015. For the year, the company remain on track to deliver an EPS in the range of $5.70 to $6 a share, assuming catastrophe losses normalize to 5% for the full year, consistent with previous guidance.
The Hanover Insurance Group, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
Apr 30 15
The Hanover Insurance Group, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. The company reported net income of $54.9 million, or $1.22 per diluted share, for the first quarter of 2015, compared to net income of $54.6 million, or $1.22 per diluted share, in the prior-year quarter. Operating income was $57.1 million, or $1.27 per diluted share, in the first quarter of 2015, compared to $47.0 million, or $1.05 per diluted share, in the prior-year quarter. Total revenues were $1,298.7 million compared to $1,243.9 million a year ago. Income from continuing operations before income taxes was $77.0 million compared to $72.1 million a year ago. Income from continuing operations was $54.9 million compared to $54.7 million a year ago. Book value per share was $65.92, up 1.6% from December 31, 2014, and up 7.6% from March 31, 2014.