The Hanover's Q1 2016 Financial Results

5 May 2016

The Hanover's Q1 2016 Financial Results

First Quarter Highlights

  • Growth in operating income per share of 29.1%
  • Combined ratio of 95.0%, including 2.7 points of catastrophe losses
  • Net premiums written of $1.1 billion; the decrease from the prior year was principally driven by Chaucer’s disposal of its U.K. motor business in June 2015; U.S. net premiums written grew 3.6%
  • Continued price increases in Commercial and Personal Lines
  • Net investment income of $68.3 million; earned investment yield in line with the prior-year quarter
  • Book value per share of $69.30, up 4.7% from December 31, 2015, and up 5.1% from March 31, 2015
  • Repurchased approximately 610,000 shares of common stock for $48.4 million at an average price of $79.23 per share
  • On April 8, 2016, issued $375 million of Senior Unsecured Notes due in 2026 with a coupon of 4.50%

The Hanover's Q1 2016 Financial Results


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