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The Hanover Reports Second Quarter Net Income and Operating Income of $2.31 and $2.20 per Diluted Share, Respectively; Second Quarter Combined Ratio of 95.5%; Combined Ratio Excluding Cata...

Hanover Insurance Group Inc (THG) 
Last hanover insurance group inc earnings: 4/28 04:13 pm Check Earnings Report
US:NYSE Investor Relations: www2.snl.com/irw/corporateprofile/103541
Company Research Source: PR Newswire
WORCESTER, Mass., Aug. 1, 2018 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $99.3 million, or $2.31 per diluted share, in the second quarter of 2018, compared to $78.4 million, or $1.83 per diluted share, in the prior-year quarter.  Operating income(1) was $94.6 million, or $2.20 per diluted share, for the second quarter of 2018, compared to operating income of $72.3 million, or $1.69 per diluted share, in the prior-year quarter.  Second Quarter HighlightsCombined ratio, excluding catastrophes(2), of 90.5%, an improvement of 0.3 points over the prior-year quarter Catastrophe losses of $63.6 million, or 5.0 points of the combined ratio, driven primarily by wind and hail events in the Northeast and Midwest, largely in Personal Lines Net premiums written increased 6.9%, with strong growth in more profitable Personal Lines, Small Commercial and target Specialty businesses Continued price increases in Commercial and Personal Lines Net investmen Show less Read more
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