Hanover Insurance Group (THG) Tops Q2 EPS by 25c, Revenues Beat
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The Hanover Reports Second Quarter Net Income and Operating Income of $2.31 and $2.20 per Diluted Share, Respectively; Second Quarter Combined Ratio of 95.5%; Combined Ratio Excluding Catastrophes of
August 1, 2018 4:05 PM EDTWORCESTER, Mass., Aug. 1, 2018 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $99.3 million, or $2.31 per diluted share, in the second quarter of 2018, compared to $78.4 million, or $1.83 per diluted share, in the prior-year quarter. Operating income(1) was $94.6 million, or $2.20 per diluted share, for the second quarter of 2018, compared to operating income of $72.3 million, or $1.69 per diluted share, in the prior-year quarter.Â
Second Quarter Highlights
Combined ratio, excluding catastrophes(2), of 90.5%, an improvement of 0.3 points over the prior-year quarter... More