Hanover Q4 2019 Earnings Report
Key Takeaways
The Hanover Insurance Group reported a net income of $109.8 million, or $2.76 per diluted share, and an operating income of $80.2 million, or $2.01 per diluted share, for the fourth quarter of 2019. The combined ratio was 96.2%, and the combined ratio excluding catastrophes was 93.1%.
Net income was $109.8 million, or $2.76 per diluted share, compared to $123.6 million, or $2.88 per diluted share, in the prior-year quarter.
Operating income was $80.2 million, or $2.01 per diluted share, compared to $64.9 million, or $1.51 per diluted share, in the prior-year quarter.
The combined ratio was 96.2%, and the combined ratio excluding catastrophes was 93.1%.
Net premiums written increased by 5.6%.
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Hanover Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income