The Hanover Net Income Up 46.1% in 2nd Quarter

The Hanover reported net income of $120.7 million in the second quarter, up 46.1% from $82.6 million in the prior-year quarter. The Hanover reported net written premiums of $1.29 billion, up from $1.28 billion in the second quarter of 2014. The company reported a combined ratio of 95.7%, down from 96.8% in the prior-year quarter. The Hanover said it enjoyed price increases in both commercial and personal lines. "Our domestic businesses grew by 4%, led by commercial lines, and reflected pricing increases in the quarter of 5.5% for core commercial, and 5.2% for personal lines," said...