The Hanover tops Wall Street estimates as Chaucer soars

The Hanover breezed past Wall Street estimates for the second
quarter, posting operating profit of $1.69 per share as it booked
an improvement in its ex-cat combined ratio, growth in personal
lines and a nearly sixfold increase in pre-tax income at
Chaucer.
Analysts had forecast earnings of $1.58 a share, the average of
five projections compiled by MarketWatch.
Profit at Lloyd's arm Chaucer surged to $29.7mn during the
quarter, as its combined ratio strengthened by 12.2 points to 91.0
percent,..