The Hanover Reports First Quarter Results
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Hanover Insurance Group (THG) Tops Q1 EPS by 20c, Revenues Miss
April 28, 2020 4:16 PM EDTHanover Insurance Group (NYSE: THG) reported Q1 EPS of $2.23, $0.20 better than the analyst estimate of $2.03. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.15 billion.
First Quarter Operating Highlights
Operating income of $2.23 per diluted share, up 13.8% from the prior-year quarterFirst quarter combined ratio of 95.2%, improved from 95.8% in the first quarter 2019; combined ratio, excluding catastrophes(2) of 91.9%, improved from 92.2%Current accident year loss and loss adjustment expense (\"LAE\") ratio, excluding catastrophes(3), was impacted by favorability in personal auto from benign weather and lower miles driven, offset by elevated property... More