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Hanover Insurance Reports 2Q Net Income of $128.5M

Jul 29, 2021 | Reprints | Print

Worcester-based The Hanover Insurance Group Inc. reported net income of $128.5 million in the second quarter of 2021, compared to $115.2 million in the prior-year quarter.

Operating income was $104 million for the second quarter of 2021, compared to $62.7 million in Q2 2020. The difference between net and operating income in the second quarter of 2021 was primarily due to an after-tax increase in the fair value of equity securities of $20.9 million, which is excluded from operating income, the company said in a statement.

B&T Daily