Hanover Insurance Group (THG) Posts Q1 Op EPS of $0.95

Hanover Insurance Group (NYSE: THG) reported Q1 operating EPS of $0.95, which may note compare to the analyst estimate of $1.73.

• Catastrophe losses of $84.1 million before taxes, or 7.1% of earned premiums, primarily from domestic catastrophe events in the Midwest; this compared to $31.2 million, or 2.7%, in the prior-year quarter
• Combined ratio, excluding catastrophes(2) of 92.4%, in line with the first quarter of 2016
• No domestic prior-year loss reserve development
• Net premiums written up 3.7%, driven by growth in domestic businesses
• Continued price increases in Personal and Commercial Lines
• Net investment income of $71.1 million in the first quarter, up 4.1% compared to the prior-year period
• Book value per share of $68.44, up 1.5% from December 31, 2016; book value per share excluding net unrealized gains on investments(3) of $63.62, up 1.0%

For earnings history and earnings-related data on Hanover Insurance Group (THG) click here.

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