Hanover Insurance Group (NYSE:THG) reported Q1 EPS of $3.26, $0.20 better than the analyst estimate of $3.06.
- Operating income(1) of $117.7 million increased 91.6% from $61.4 million in the prior-year quarter
- Combined ratio of 93.4%; combined ratio, excluding catastrophes(2) of 89.8%
- Net premiums written increase of 9.7%*, with strong growth from each segment
- Rate increases(3) of 6.3% in Core Commercial, 8.4% in Specialty, and 2.7% in Personal Lines
- Renewal price change(3) up 9.7% in Core Commercial, 12.6% in Specialty and 4.3% in Personal Lines