The Hanover Reports 4Q Earnings of $51.5M

Massachusetts-based property and casualty insurer The Hanover Insurance Group reported fourth-quarter earnings of $51.5 million, up significantly from the same period a year earlier. During last year’s fourth quarter, The Hanover reported a net loss of $13.5 million. Earnings for the full year in 2017 were $186.2 million, up 20% from last year. Last year brought an approximately 5-percentage-point spike in the catastrophe ratio compared to 2016. The catastrophe ratio in 2017 was 7.9%, compared to 2.7% in 2016. “While catastrophe losses significantly impacted our earnings fo...