WORCESTER, Mass. (AP) 鈥� WORCESTER, Mass. (AP) 鈥� The Hanover Insurance Group Inc. (THG) on Tuesday reported second-quarter earnings of $191.6 million.
On a per-share basis, the Worcester, Massachusetts-based company said it had net income of $5.38. Earnings, adjusted for investment gains and to account for discontinued operations, came to $5.31 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.88 per share.
The insurance company posted revenue of $1.73 billion in the period. Its adjusted revenue was $1.72 billion, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.73 billion.
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