Aug 1 (Reuters) – Property and casualty insurer Hanover Insurance Group Inc posted a quarterly profit above Wall Street estimates for the fourth straight time on lower catastrophe losses and higher premiums.
The 160-year old company, which insured U.S. ships carrying cargo across the Atlantic during the World War I, earned $20.8 million, or 46 cents per share, in the second quarter, compared with a loss of $32.2 million, or 71 cents per share, a year earlier.
Segment income, which excludes certain investment gains and losses, was $22 per share, above analysts' average estimate of 19 cents per share, according to Thomson Reuters I/B/E/S.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
