WORCESTER, Mass. (AP) — WORCESTER, Mass. (AP) — The Hanover Insurance Group Inc. (THG) on Wednesday reported second-quarter profit of $157.1 million.
The Worcester, Massachusetts-based company said it had profit of $4.30 per share. Earnings, adjusted for one-time gains and costs, were $4.35 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.07 per share.
The insurance company posted revenue of $1.65 billion in the period. Its adjusted revenue was $1.66 billion.
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