The Hanover Q3 Financial Results

1 November 2018

The Hanover Q3 Financial Results

WORCESTER, Mass., October 31, 2018 - The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $100.4 million, or $2.33 per diluted share, in the third quarter of 2018, compared to $11.1 million, or $0.26 per diluted share, in the prior-year quarter. Operating income(1) was $84.9 million, or $1.97 per diluted share, for the third quarter of 2018, and includes a one-time tax benefit of $4.3 million, or $0.10 per diluted share, primarily related to a pension plan contribution made during the quarter. This compares to operating income of $52.0 million, or $1.21 per diluted share, in the prior-year quarter. The difference between net and operating income in the third quarter of 2018 is primarily due to an increase in the fair value of equity securities of $23.6 million, or $0.54 per fully diluted share, which is excluded from operating income.

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