The Hanover Insurance Group, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 03, 2021 at 05:24 pm EST
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The Hanover Insurance Group, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced total revenue was USD 1,297 million compared to USD 1,257.9 million a year ago. Net income was USD 164.6 million compared to USD 109.8 million a year ago. For the full year, total revenue was USD 4,827.3 million compared to USD 4,890.7 million a year ago. Net income was USD 358.7 million compared to USD 425.1 million a year ago.
The Hanover Insurance Group, Inc. is the holding company, which is engaged in the business of property and casualty insurance products and services. The Company operates through three segments: Core Commercial, Specialty, Personal Lines and Other. Core Commercial product suite provides agents and customers with products designed for small and mid-sized businesses. Core Commercial segment coverages include commercial multiple peril, workersâ compensation, and other core commercial. Specialty segment offers a comprehensive suite of products focused predominately on small to mid-sized businesses. This includes various specialized products that are organized into four distinct divisions: Professional and Executive Lines, Specialty Property & Casualty, Marine, and Surety and Other. Personal Lines segment coverages include Personal automobile, and Homeowners and other personal lines. The Other segment primarily includes Opus, which provides investment advisory services to affiliates.
THE HANOVER INSURANCE GROUP, INC. 
