Hanover Insurance Group (THG) Tops Q3 EPS by 12c
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The Hanover Reports Third Quarter Net Income and Operating Income of $2.33 and $1.97 per Diluted Share, Respectively; Third Quarter Combined Ratio of 95.1%; Combined Ratio, Excluding Catastrophes, of
October 31, 2018 4:17 PM EDTWORCESTER, Mass., Oct. 31, 2018 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $100.4 million, or $2.33 per diluted share, in the third quarter of 2018, compared to $11.1 million, or $0.26 per diluted share, in the prior-year quarter. Operating income(1) was $84.9 million, or $1.97 per diluted share, for the third quarter of 2018, and includes a one-time tax benefit of $4.3 million, or $0.10 per diluted share, primarily related to a pension plan contribution made during the quarter. This compares to operating income of $52.0 million, or $1.21 per diluted share, in the prior-year quarter. The... More
