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

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

The Hanover Reports Results: First Quarter Net Income of $1.05 per Diluted Share; Operating Income(1) of $0.95 per Diluted Share; First Quarter Combined Ratio of 99.5%, including Catastrophe Impact of

May 3, 2017 4:15 PM EDT

WORCESTER, Mass., May 3, 2017 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $45.2 million, or $1.05 per diluted share, for the first quarter of 2017, compared to $78.2 million, or $1.80 per diluted share, in the prior-year quarter.  Operating income was $40.8 million, or $0.95 per diluted share, for the first quarter of 2017, compared to $71.5 million, or $1.64 per diluted share, in the prior-year quarter. 

First Quarter Highlights

Catastrophe losses of $84.1 million before taxes, or 7.1% of earned premiums, primarily from domestic catastrophe events in the Midwest; this... More