Hanover Grows Comp Premiums 11.5% in Q3, Boosts Profit

The Hanover Insurance Group Inc. has reported net income of $88.4 million for the third quarter, a 12.9% increase from net income of $78.3 million in the prior-year quarter. Net premiums written in the third quarter were $73.6 million for the workers’ comp line, up 11.5% from $66 million in the prior-year quarter. For the first nine months of the year, workers’ comp net premiums written grew 7.2%, to $222.4 million. For commercial lines, the third quarter combined ratio was 99.2%, compared to 98.3% in the prior-year quarter. Third-quarter 2016 results reflected net unfavorable p...