The Hanover beats consensus with flat profits

The Hanover reported operating earnings of $1.82 for the fourth
quarter, beating Wall Street's consensus estimate of $1.60.
Profits nudged up in the final quarter of the year to $80.3mn
from the $79.6mn the carrier recorded the previous year, while
gross written premiums fell from $1.25bn to $1.17bn over the same
period.
The consolidated combined ratio for the group remained
relatively stable at 95 percent, a slight deterioration from the
94.3 percent it reported for Q4 the previous year.
Net...