The Hanover Net Income Jumps 55% in 2nd Quarter

The Hanover Insurance Group reported Friday net income of $82.6 million for the second quarter of 2014, a 55% increase from the $53.4 million in profits the carrier reported for the same quarter of 2013. "We are encouraged by the positive momentum shift in personal lines, where net written premiums grew modestly as rate increases and new business acceleration outpaced the effect of continued exposure management actions," said President and Chief Executive Officer Frederick H. Eppinger. "At the same time, we continued to achieve healthy growth in commercial lines, in light of ex...