The Hanover CoR decreases 1.3 points to 101% driven by specialty improvement
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The Hanover CoR decreases 1.3 points to 101% driven by specialty improvement

Farhin Lilywala
November 01, 2022
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The Hanover Group’s combined ratio for the year’s third quarter improved by 1.3 points to 101%, benefiting from the specialty and commercial lines segments' declining combined ratios, offset by a deterioration in the personal lines segment’s CoR.

The personal lines unit reported a combined ratio of 107.3%, marking a 3.5-point deterioration from the 103.8% CoR reported in the prior-year quarter, as the company faced inflationary pressures and supply chain delays on personal auto and homeowners' property...

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Topics

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