Hanover Insurance Group (THG) Reports Q4 Loss of $0.32
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The Hanover Reports Results: Full Year Net Income of $3.59 per Diluted Share; Operating Income(1) of $4.27 per Diluted Share; Fourth Quarter Net Loss of $0.32 per Diluted Share(2); Operating Loss of $
February 2, 2017 4:15 PM ESTWORCESTER, Mass., Feb. 2, 2017 /PRNewswire/ --Â The Hanover Insurance Group, Inc. (NYSE: THG) today reported a net loss of $13.5 million, or $0.32 per diluted share, for the fourth quarter of 2016. This compared to net income of $77.6 million, or $1.76 per diluted share, in the prior-year quarter. Operating loss was $19.7 million, or $0.46 per diluted share, for the fourth quarter of 2016, inclusive of strengthening domestic prior-year loss and loss adjustment expense reserves of $174.1 million ($113.2 million after taxes), compared to operating income of $80.3 million, or $1.82 per diluted share, in the prior-year quarter. Â
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