The Hanover posts Q1 loss as cat loss results in weaker combined ratio
Reinsurance News - May 03, 2023
The Hanover Insurance Group, Inc. reported a net loss of $12.0 million in the first quarter of 2023, compared to net income of $104.9 million, as its pre-announced $175.0 million in catastrophe losses resulted in a combined ratio of 104.4 percent. Group-wide, operating income also decreased from $11...
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