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Hanover Insurance Group profited $92.7M in first quarter


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John Roche , Hanover Insurance Group Inc , Hanover Insurance Group , ஜான் ரோச் , ஹ்யாநவர் காப்பீடு குழு இன்க் , ஹ்யாநவர் காப்பீடு குழு ,

The Hanover Reports First Quarter Net Income and Operating Income of $2.51 and $1.66 per Diluted Share, Respectively; Combined Ratio of 98.8%; Combined Ratio, Excluding Catastrophes, of 87.3%


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WORCESTER, Mass., April 29, 2021 /PRNewswire/  The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $92.7 million, or $2.51 per diluted share, in the first quarter of 2021, compared to a net loss of $40.0 million, or $1.04 per basic share , in the prior-year quarter. Operating income
(1) was $61.4 million, or $1.66 per diluted share, for the first quarter of 2021. This compared to operating income of $86.8 million, or $2.23 per diluted share, in the prior-year quarter. The difference between net and operating income in the first quarter of 2021 was primarily due to an after-tax increase in the fair value of equity securities of $30.9 million, or $0.84 per diluted share, which is excluded from operating income. ....

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The Hanover Adds Motorcycle Insurance to Personal Lines Product Suite


The Hanover Adds Motorcycle Insurance to Personal Lines Product Suite
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WORCESTER, Mass., April 28, 2021 /PRNewswire/ The Hanover Insurance Group, Inc. (NYSE: THG) today announced the addition of motorcycle insurance coverage to The Hanover s suite of personal insurance products.
With motorcycle coverage for touring bikes, cruisers, sport bikes, scooters, motorcycle cargo, transport trailers and more, The Hanover offers its independent agents a well-rounded product that can be bundled with home and auto policies, and tailored to each customer s unique needs, featuring a streamlined quoting process in The Hanover s TAP Sales platform.
We re excited to bring this coverage to our agent partners and our customers, said Daniel Halsey, president of personal lines at The Hanover. The addition of motorcycle insurance to our portfolio will help our agents write the total account for their customers, making ....

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