The Hanover
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Hanover Insurance Group reported operating income for Q3 of $2.31/sh, a 17% increase from $1.97/sh in the prior period and a beat versus consensus at $2.09.
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We highlight the key new disclosures by P&C companies at an investor conference on Wednesday, including AIG, WR Berkley, The Hanover, and Third Point Re.
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The Hanover’s commercial lines combined ratio has improved by 4.5 percentage points in two years.
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Corrective pricing action is moving commercial auto unit in the right direction, but more is still to be done, the executive said.
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The company's Hanover Prestige offering provides flexible options for customization of coverage.
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The insurer beat EPS consensus for Q1 by 12.6 percent.
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