The Hanover Reports Record Fourth Quarter Net Income and Operating Income of $4.59 and $5.32 per Diluted Share, Respectively; Full Year Net Income and Operating Income of $11.70 and $13.34 per Diluted Share, Respectively

Fourth Quarter Highlights Net and operating return on equity(1) of 23.5% and 24.4%, respectively Combined ratio of 89.2%; combined ratio, excluding catastrophes(2), of 87.5% Catastrophe losses of $26.0 million, or 1.7 points of the combined ratio Net premiums written increase of 7.4%* Renewal price increases(3) of 14.2% in Personal Lines, 11.8% in Core Commercial, and 9.5% in Specialty Rate increases(3) of 13.1% in Personal Lines, 9.2% in Core Commercial, and 6.1% in Specialty Loss and loss adjustment expe ...