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The Hanover Estimates First Quarter Catastrophe Losses

PR Newswire - Wed Apr 19, 2023

WORCESTER, Mass., April 19, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced a preliminary estimate for first quarter catastrophe losses of approximately $175 million, before taxes, or 12.7 points of net earned premium. First quarter catastrophe losses stemmed from over 20 weather events, including severe freeze events in the Northeast and Midwest in February, and widespread wind and tornadic activity that impacted nearly half of the U.S. in mid-to-late March.

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