Hanover Insurance Q2 Profit Rises - Quick Facts

(RTTNews) - The Hanover Insurance Group Inc. (THG) Wednesday reported second-quarter profit of $53.4 million or $1.19 per share, up from $20.8 million or $0.46 per share in the same period last year. Operating income for the quarter was $46.8 million or $1.05 per share. On average, six analysts polled by Thomson Reuters expected the company to earn $0.69 per share for the quarter. Analysts' estimates typically exclude special items. Revenues improved to $1.18 billion from $1.13 billion last year. Analysts expected revenues of $1.28 per share. Net premiums written totaled $1.24 billion, up from $1.20 billion last year. Net-investment income dropped slightly to $67.9 million from $68.5 million last year. Book value per share for the quarter dropped to $57.41 from $58.81 last year. Combined ratio was 98.4 percent, compared to 103.1 percent last year.