The Hanover Reports First Quarter Results
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April 28, 2020 4:16 PM EDT
Hanover 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...
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