WORCESTER, Mass. (AP) — WORCESTER, Mass. (AP) — The Hanover Insurance Group Inc. (THG) on Wednesday reported third-quarter net income of $178.7 million.
On a per-share basis, the Worcester, Massachusetts-based company said it had profit of $4.90. Earnings, adjusted for one-time gains and costs, were $5.09 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.79 per share.
The insurance company posted revenue of $1.67 billion in the period.
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