Hanover Insurance (THG) · wyniki II kw. 2026 i wycena

Przy wzroście 6,4% rocznie (3-letni wzrost przychodów) wartość godziwa z modelu to $346.58 na akcję — kurs jest o 28% poniżej niej. Obecna cena zakłada wzrost o 1,9% rocznie.

1. Nowe

   Hanover Insurance wants to be above the actuarial central estimate for the current accident year, which puts us in line…

   Cytat ze źródła

   “And we want to be above the actuarial central estimate for the current accident year, which puts us in line... And you're right, we have been raising our PICCs for casualty really over the last several quarters.”

2. Prognoza

   THG expects to sustain strong earnings in its portfolio over time due to portfolio diversification helping the company navigate changing market conditions.

   Cytat ze źródła

   “The diversification of our portfolio helps us navigate changing market conditions, and we expect to sustain strong earnings in our portfolio over time.”

3. Prognoza ↓

   Bond upsized to $150 million on strong demand, priced at the low end of the reduced guidance range.

   Cytat ze źródła

   “Positive investor interest allowed us to upsize this bond to $150 million, reduced the pricing guidance range and issue at the low end of that reduced range.”

Management sounded noticeably less positive answering analysts than in its prepared script — a bigger drop than in 92% of calls. Scripts are polished in advance; a drop under questioning often marks the topics analysts pressed on, so the answers deserve a closer read than the script.

Zdania, które wpłynęły na ton

“At the same time, net written premium growth accelerated to 4.6%, led by core commercial and specialty while personal lines continue to generate strong margins and leading indicators of business...”

“Additionally, Surety delivered strong growth, fueled by robust new business, healthy demand and momentum in targeted bond offerings with our strongest distribution partners.”

“Both auto and home achieved strong renewal pricing increases in the second quarter that approximated first quarter pricing increases with auto up 7.1% and home up 10.9%.”