The Hanover swings back to underwriting profit of $88mn after cat-heavy Q3
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Insurance Insider US is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

The Hanover swings back to underwriting profit of $88mn after cat-heavy Q3

hanover-group-worcester-ma-logo.jpg

The Hanover Group posted an underwriting profit of $88mn for the fourth quarter, marking a 5% increase YoY and a reversal from the carrier’s $31mn underwriting loss in Q3, when it was weighed down by losses from Hurricane Ida and rising claims costs.

The company’s fourth quarter adjusted earnings per share rose by 11.9% to $3.38, or $122mn in total. That marks an improvement from the $112mn in operating income the company reported in the prior-year quarter.

Despite

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article