Net Income Up at Hanover Insurance for 2015

The Hanover Insurance Group Inc. has reported net income of $77.6 million for the fourth quarter of 2015, a 13.7% drop from net income of $89.9 million in the prior-year quarter.  Hanover’s net income for the full year 2015 was $331.5 million, a 17.5% increase from net income of $282 million in 2014. Hanover’s net premiums written for its commercial lines was $513 million for the fourth quarter and $2.28 billion for the full year; compared to $499 million for the prior-year quarter and $2.15 billion for full year 2014. The combined ratio for commercial lines was 104.0%...