Worcester-based The Hanover Insurance Group Inc. reported net income of $29.3 million for the first quarter, down from $41.8 million during the same time last year.

First quarter net income included $3.3 million of net realized investment gains, according to a statement. Segment income before interest expense and taxes was $47.1 million. The pre-tax net impact of catastrophes was $49.7 million in the first quarter.

"Overall, I am pleased with our company’s underlying performance in the quarter, especially in light of the difficult weather and economic environment," said Frederick H. Eppinger, CEO at The Hanover. "Winter weather resulted in elevated catastrophe and non-catastrophe losses, but our core performance improved over prior quarters, as we continued to benefit from our focus on key profitability levers."