The Hanover personal lines CoR increases 10 points in Q1 to 97.1% YoY
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The Hanover personal lines CoR increases 10 points in Q1 to 97.1% YoY

Farhin Lilywala
May 03, 2022
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The Hanover Group (THG) posted worsening results in its personal lines segment, with the unit’s combined ratio moving up 10 points to 97.1%, driven by increased property severity and lower frequency benefit in auto due to the “unusually suppressed level of claims” in Q1 2021.

The carrier’s results fall in line with other personal lines carriers, which have faced a tumultuous time offsetting loss cost trends but sought reprieve in their commercial lines segments.

THG’s

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News The Hanover Earnings
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Farhin Lilywala
Section Editor, Distribution & Specialty
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