Hanover Insurance Group (THG) Tops Q2 EPS by 51c, Revenues Beat
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The Hanover Reports Second Quarter Net Income and Operating Income of $3.01 and $1.63 per Diluted Share, Respectively; Combined Ratio of 96.2%; Combined Ratio, Excluding Catastrophes, of 82.7%; Book
July 28, 2020 4:15 PM EDTWORCESTER, Mass., July 28, 2020 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $115.2 million, or $3.01 per diluted share, in the second quarter of 2020, compared to net income of $74.0 million, or $1.79 per diluted share, in the prior-year quarter. Operating income (1) was $62.7 million, or $1.63 per diluted share, for the second quarter of 2020, compared to $77.7 million, or $1.88 per diluted share, in the prior-year quarter. The difference between net and operating income in the quarter was primarily due... More
