Hanover Q1 net income climbs 45.7% to $186.8 million

Hanover Insurance Group, Inc.

Hanover Insurance Group, Inc.

THG

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  • Hanover Insurance posted first-quarter net income of $186.8 million, up 45.7%.
  • Total revenues climbed 6.1% to $1.7 billion.
  • Operating income rose 32.9% to $188.5 million.
  • Combined ratio improved 2.4 percentage points to 91.7% as net investment income increased 19.6% to $126.9 million.
  • Management pointed to pricing and property underwriting actions supporting results, citing strength in Personal Lines margins and accelerating growth in Small Commercial.


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