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Hanover Insurance Group Reports 4th-Quarter Profit

Monday, February 10, 2014 | 0

Hanover Insurance Group Inc. reported fourth-quarter 2013 net income of $70.1 million or $1.57 per diluted share, compared to a net loss of $55 million or $1.24 per diluted share for the same 2012 quarter.Operating income was $59.6 million or $1.33 per diluted share for the quarter, compared to a 2012 fourth-quarter operating loss of $73.4 million or $1.65 per diluted share. Prior year results included the impact of $129 million in after-tax losses related to Superstorm Sandy.Net income for the full year 2013 was $251 million or $5.59 per diluted share, compared to net income of $55.9 million ...

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