Hanover Insurance Swings To Profit - Quick Facts

(RTTNews) - Hanover Insurance Group Inc. (THG) Wednesday reported fourth-quarter net income of $70 million or $1.57 per share compared with net loss of $55 million or $1.24 per share last year.

Results for the prior-year quarter included after-tax losses of $129 million related to Hurricane Sandy.

Excluding items, operating earnings for the quarter were $59.6 million or $1.33 per share compared with $73.4 million or $1.65 per share a year ago.

Net premiums written for the quarter grew to $1.05 billion from $1.03 billion in the prior year. Revenues climbed to $1.23 billion from $1.18 billion last year.

Analysts polled by Thomson Reuters estimated earnings of $1.11 per share on revenues of $1.09 billion for the quarter. Analysts' estimates typically exclude special items.