The Hanover swings to modest Q2 UW gain from $166mn loss YoY after PL loss narrows

Published: Thu 1 Aug 2024

The Hanover swung to a second quarter $6mn underwriting profit from a $166mn loss a year ago, as the underwriting deficit in its personal lines division narrowed to $59mn from $223mn, while commercial lines more than doubled its gain to $43mn from $21mn.