
• Reported GAAP EPS of $5.20 up 48.57% YoY • Reported revenue of $1.7B up 6.13% YoY
Bullish
The Hanover delivered strong profitability with record net and operating income, alongside an improved combined ratio. The company also achieved robust net premiums written growth and solid renewal price increases.
Bearish
The Hanover faced increased catastrophe losses and a higher expense ratio in Personal Lines. Additionally, net unrealized losses on its fixed maturity investment portfolio grew significantly.