Record Q1 earnings for The Hanover despite lower Chaucer contribution

The Hanover has reported record earnings per share for the first
quarter as operating income increased by 25 percent.
The carrier recorded profits from its risk carrying operations
of $71.5mn in Q1 up from $57.1mn in the first three months of
2015.
At $1.64 a share, operating profits were well ahead of the $1.27
a share reported in the prior-year period, and just above Wall
Street consensus forecasts of $1.59 a share.
Meanwhile the combined ratio also improved by 2.1...