The Hanover’s underwriting profits jump 70% in Q2 on lower cats as attritional claims rise
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

The Hanover’s underwriting profits jump 70% in Q2 on lower cats as attritional claims rise

Eli Rallo
July 27, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
hanover-group-worcester-ma-logo.jpg

The Hanover Group benefited from lower catastrophes in the second quarter, growing underwriting income by almost 70% to $63mn, as higher reserve releases also helped outweigh rising attritional loss activity with businesses across the US returning closer to normal operations.

The company’s $2.85 in operating income per share zoomed past the $2.40-per-share consensus analyst estimate.

The company reported a combined ratio of 94.4%,

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News The Hanover Earnings
ER
Eli Rallo
Gift this article