WORCESTER, Mass. (AP) — WORCESTER, Mass. (AP) — The Hanover Insurance Group Inc. (THG) on Tuesday reported fourth-quarter earnings of $167.9 million.
The Worcester, Massachusetts-based company said it had net income of $4.59 per share. Earnings, adjusted for one-time gains and costs, were $5.32 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.45 per share.
The insurance company posted revenue of $1.58 billion in the period. Its adjusted revenue was $1.62 billion, which met Street forecasts.
For the year, the company reported profit of $426 million, or $11.70 per share. Revenue was reported as $6.31 billion.
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