The Hanover Boosts Net Income 27% in Q2

The Hanover Insurance Group has reported net income for the second quarter of $99.3 million, a 27% increase from $78.4 million in the second quarter of 2017. For the first half of the year, net income was $167 million, up from $124 million in the prior-year period. In the commercial lines segment, net premiums written rose 6.4% in the second quarter, to $630 million. The commercial lines combined ratio was 93.9%, improving from 99.4% in the prior-year quarter. Second quarter results included $8 million of favorable prior-year reserve development, driven by workers’ compensation and ot...