WORCESTER, Mass. (AP) _ The Hanover Insurance Group Inc. (THG) on Tuesday reported second-quarter profit of $22.6 million.
The Worcester, Massachusetts-based company said it had profit of 63 cents per share. Earnings, adjusted for investment costs and to account for discontinued operations, were $2.32 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.10 per share.
The insurance company posted revenue of $1.29 billion in the period. Its adjusted revenue was $1.37 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on THG at https://www.zacks.com/ap/THG
Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News