Hanover Insurance Group (THG) Tops Q2 EPS by 2c

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Go back to Hanover Insurance Group (THG) Tops Q2 EPS by 2c

The Hanover Reports Second Quarter Net Income of $0.05 per Diluted Share; Second Quarter Operating Income(1) of $1.24 per Diluted Share; Combined Ratio of 97.3%, including Catastrophe Impact of 4.5 po

July 28, 2016 4:17 PM EDT

WORCESTER, Mass., July 28, 2016 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $2.0 million, or $0.05 per diluted share, for the second quarter of 2016, which included a previously announced non-operating charge of $56.0 million, net of tax, on the retirement of debt.  This compared to net income of $120.7 million, or $2.68 per diluted share, in the prior-year quarter, which included a non-operating gain of $40.3 million, net of tax, on the sale of the U.K. motor business on June 30, 2015. Operating income was $54.0 million, or $1.24 per diluted share, for the second quarter... More