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Article: The Hanover Insurance Group Reports Strong Second Quarter Results.
- Article from:
- PR Newswire
- Article date:
- July 31, 2008
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WORCESTER, Mass., July 31 /PRNewswire-FirstCall/ -- Second Quarter 2008 Financial Highlights
-- Segment income after tax of $55.5 million, or $1.07 per share, compared to $56.7 million, or $1.09 per share in the prior-year quarter.(1)
-- Net loss of $0.20 per share includes an estimated loss of $1.27 per share related to the sale of our life business First Allmerica Financial Life Insurance Company (FAFLIC), compared to net income of $1.14 per share in the prior-year quarter.
-- GAAP combined ratio of 95.5% in the second quarter of 2008, compared to 94.4% in the prior-year quarter, including pre-tax catastrophes losses of 6.2 points and 2.5 ...