The Hanover Q1 operating profits fall to $61.4mn amid winter storm losses
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

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

John Hewitt Jones
April 29, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
hanover-group-worcester-ma-logo.jpg

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

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Log in now

Topics

News The Hanover Earnings
JJ
John Hewitt Jones
Gift this article