Hanover Insurance Group Inc. (THG) said that its board has authorized a $100 million increase to its existing share repurchase program.
The program initially was authorized by the board in October 2007, allowing for the repurchase of up to $100 million of its outstanding shares. Since that time, Hanover has made common stock purchases of about $94 million. The increase will provide for aggregate repurchases under the program of up to $200 million of company shares.
Hanover also expects to establish from time to time 10b5-1 trading plans that will provide flexibility as it buys back its shares.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.