Hanover Insurance: Initiating A Buy Following Strong Q1 Results
Summary
- The Hanover Insurance Group delivered better than expected Q1 earnings driven, by an improved combined ratio and an increase in investment income.
- The company is poised to deliver solid earnings growth over the next year driven by solid growth in net premiums and net investment income.
- The company is relatively immune to the impacts from tariffs.
- Shares trade at a reasonable valuation relative to the broader market and peers.
- I rate THG stock a Buy.
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