The Hanover Insurance Group Earnings Climb 51% In Q3

(RTTNews) - The Hanover Insurance Group (THG) announced a profit for its third quarter that advanced from last year.

The company said its bottom line climbed to $72.2 million, or $1.61 per share. This was up from $47.7 million, or $1.06 per share, in last year's third quarter.

Analysts had expected the company to earn $1.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.2% to $1.20 billion. This was down from $1.24 billion last year.

The Hanover Insurance Group earnings at a glance:

-Earnings (Q3): $72.2 Mln. vs. $47.7 Mln. last year. -Earnings Growth (Y-o-Y): 51.4% -EPS (Q3): $1.61 vs. $1.06 last year. -EPS Growth (Y-o-Y): 51.9% -Analysts Estimate: $1.44 -Revenue (Q3): $1.20 Bln vs. $1.24 Bln last year. -Revenue Change (Y-o-Y): -3.2%