WORCESTER, Mass. (AP) _ The Hanover Insurance Group Inc. (THG) on Wednesday reported third-quarter profit of $78.3 million.
The Worcester, Massachusetts-based company said it had net income of $1.74 per share. Earnings, adjusted for non-recurring gains and to account for discontinued operations, were $1.61 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.
The insurance company posted revenue of $1.23 billion in the period.
Hanover Insurance shares have climbed 17 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $83.50, a rise of 28 percent in the last 12 months.
This story was generated by Automated Insights (http://ift.tt/1nCTSu9) using data from Zacks Investment Research. Access a Zacks stock report on THG at http://ift.tt/1P7BFSE
Keywords: Hanover Insurance Group, Earnings Report
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