The Hanover Q1 operating profits fall to $61.4mn amid winter storm losses
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The Hanover Q1 operating profits fall to $61.4mn amid winter storm losses

John Hewitt Jones
April 29, 2021
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Operating profits at The Hanover fell by 30% year on year for the first quarter of 2021, as the carrier absorbed previously-disclosed natural catastrophe claims of $133.3mn.

The insurer’s operating earnings dipped to $61.4mn, down from $86.8mn in Q1 2020, as it took a hit from winter storm claims, including a $118.8mn

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