The Hanover Doubles Net Income After Sale of Specialty Carrier

The Hanover Insurance Group reported net income of $123.6 million in the fourth quarter, more than double the $51.5 million reported for the final quarter of 2017. For the full year, The Hanover reported net income of $391 million, a 109% increase from $186.2 million in net income for 2017. The Hanover reported $1.04 billion in net written premiums for the fourth quarter, up from $980 million. For the full year, net written premiums were $4.38 billion, up from $4.11 billion for 2017. The carrier said it sold its Chaucer speciality lines subsidiary during the year, which produced $850 millio...