The Hanover Boosts Net Income to $78M in Q2

The Hanover Insurance Group Inc. has reported second quarter net income of $78.4 million, up from $2 million in the second quarter of 2016. For the first half of the year, net income was $124 million, compared to $80.2 million for the prior-year period. Net premiums written were up 4.4% in the second quarter, to $1.28 billion, driven mainly by growth in personal lines. Price increases continued in commercial and personal lines, the company said, although prices specifically for workers’ comp were not reported. The second quarter combined ratio was 95.6%, down from 97.3% in the pr...