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November 4, 2009
92 words
The Hanover Insurance Group performs better
The Hanover Insurance Group has reported net income for the third quarter of $49.7m, or $0.97 per share, compared to a loss of $61.8m, or $1.21 per share. The third quarter of 2008 included $52.8m of realized losses on investments, or $1.04 per share, and a loss from discontinued operations of $18.3m, or $0.36 per share. The third quarter of 2009 included $3.1m, or $0.06 per share, of federal income tax benefit on non-segment income related to a release of a tax valuation allowance associated with realized investment losses recorded earlier in 2009.
November 4, 2009
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