The Hanover tops Street estimates as Chaucer soars

The Hanover breezed past Wall Street estimates for its second
quarter results, posting operating profit of $1.69 per share as its
ex-catastrophe combined ratio improved, personal lines growth drove
gains in net premiums written and its Chaucer unit produced a
nearly sixfold increase in pre-tax income.
Analysts had forecast $1.58 a share, the average of five
projections compiled by MarketWatch.
Profit at its Chaucer unit surged to $29.7mn during the
just-ended period as its combined ratio strengt