The Hanover Reports Excellent First Quarter Net Income and Operating Income of $3.50 and $3.87 per Diluted Share, Respectively; Net and Operating Return on Equity of 17.4% and 17.2%, Respectively
First Quarter Highlights Combined ratio of 94.1%; combined ratio, excluding catastrophes(1), of 87.8% Catastrophe losses of $95.6 million, or 6.3 points of the combined ratio Net premiums written increase of 3.9%* Renewal price increases(2) of 13.1% in Personal Lines, 11.1% in Core Commercial, and 8.4% in Specialty Rate increases(2) of 11.8% in Personal Lines, 9.1% in Core Commercial, and 5.9% in Specialty Loss and loss adjustment expense (LAE) ratio of 63.3%, 1.3 points below the prior-year quarter Current ...