The Hanover Reports 10% Dip in 3rd Quarter Income as Premiums Grow

Third-quarter income for The Hanover Insurance Group dipped 10% to $54.9 million from $61.3 million in the third quarter of 2013. The company on Wednesday reported net written premiums of $1.24 billion in the third quarter, a 5% gain from $1.18 billion in the prior-year quarter. For the first nine months of the year, The Hanover reported net income of $3.69 billion, up from $3.5 billion in the prior-year quarter. The Hanover said its combined ratio increased to 98.2% in the third quarter, compared to 96% in the same period of last year. ...