The Hanover beats estimates amid a swing to Q4 profit
The Hanover topped market expectations for its fourth quarter
operating results, posting $86mn in income as its combined ratio
improved sharply and revenue rose.
The gain of $2 per share beat the $1.86 per share average of
five analysts' estimates compiled by Marketwatch.com. S&P
Global said the consensus view of three analysts called for $1.85
per share.
Commercial lines swung to a $69.1mn operating profit from a
$93.3mn loss in the year-ago period, driving the Worcester,
Massachusetts-base
Read more »