Hanover Insurance Group (THG) Reports In-Line Q4 EPS
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The Hanover Reports Fourth Quarter and Full Year Results
February 1, 2023 4:10 PM ESTFull Year Highlights
Combined ratio of 99.8%; Combined ratio, excluding catastrophes(1), of 92.1% Net premiums written of $5.5 billion, an increase of 9.7%* from the prior year Current accident year loss and loss adjustment expense ("LAE") ratio, excluding catastrophes(2), increased from the prior year reflecting the impact of inflation on property coverages in Personal Lines and Core Commercial, partially offset by the benefit of rate increases earning in within Specialty and Core Commercial Net investment income of $296.3 million, above original guidance by approximately $25 million, driven primarily by higher-than-expected bond reinvestment rates ... More