05:23 PM EDT, 07/18/2024 (MT Newswires) -- Hanover Insurance Group ( THG ) said late Thursday it expects $157.1 million in pre-tax catastrophe losses for its Q2 ended June 30.

The estimated catastrophe losses represent 10.7 points of the insurer's net earned premium for the quarter and largely resulted from severe convective storm activity, the company said.

Hanover said it expects Q2 operating income of $1.88 per diluted share. Analysts surveyed by Capital IQ expect $1.39.

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