The Hanover sees Q2 operating EPS $1.88, consensus $1.41

Sees Q2 catastrophe losses $157.1M, before taxes, or 10.7 points of net earned premium. The losses primarily resulted from severe convective storm activity and mostly impacted the company’s Personal Lines business. Sees Q2 combined ratio of 99.2%, and an ex-CAT combined ratio of 88.5%. “We are pleased with our overall bottom-line results, which are close to our second quarter expectations, despite the impact of catastrophe losses. Our results reflect outstanding underlying underwriting performance, including massive year-over-year improvement in our ex-CAT Personal Lines loss ratio, driven by enhanced profitability in our auto and homeowners lines,” said CFO Jeffrey Farber. “Additionally, our Core and Specialty segments demonstrated continued strength as we further executed our property portfolio initiatives and continued to navigate liability trends very well.”