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...
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