Third Quarter Highlights

WORCESTER, Mass., Nov. 1, 2022 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $0.2 million, or $0.01 per diluted share, in the third quarter of 2022, compared to $34.0 million, or $0.94 per diluted share, in the prior-year quarter. Operating income⁽⁴⁾ was $35.7 million, or $0.99 per diluted share, for the third quarter of 2022. This compared to operating income of $30.8 million, or $0.85 per diluted share, in the prior-year quarter. The difference between net and operating income in the third quarter of 2022 was primarily due to the after-tax decrease in the fair value of equity securities of $23.0 million, or $0.64 per fully diluted share, and after-tax losses on intent to sell fixed income securities of $11.3 million, or $0.31 per fully diluted share.