The Hanover beats as operating income soars and CR improves 8.9 points to 95.5%

Published: Thu 16 May 2024

The Hanover booked a big Q1 2024 earnings beat as its operating income soared to $119.9mn, after its combined ratio improved 8.9 points to 95.5 percent due to lower catastrophe losses, greater favourable prior year development and strong rate rises across its three divisions.