WORCESTER, Mass. (AP) — WORCESTER, Mass. (AP) — The Hanover Insurance Group Inc. (THG) on Tuesday reported fourth-quarter earnings of $198.5 million.
On a per-share basis, the Worcester, Massachusetts-based company said it had profit of $5.47. Earnings, adjusted for one-time gains and costs, came to $5.79 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $5.20 per share.
The insurance company posted revenue of $1.67 billion in the period. Its adjusted revenue was $1.69 billion.
For the year, the company reported profit of $662.5 million, or $18.16 per share. Revenue was reported as $6.64 billion.
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