The Hanover Insurance Group Profit Advances 9% In Q3

(RTTNews) - The Hanover Insurance Group (THG) announced earnings for its third quarter that gained ground compared to the same period last year.

The company said its bottom line came in at $78.6 million, or $1.83 per share. This was higher than $72.2 million, or $1.61 per share, in last year's third quarter.

Analysts had expected the company to earn $1.59 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.2% to $1.25 billion. This was up from $1.20 billion last year.

The Hanover Insurance Group earnings at a glance:

-Earnings (Q3): $78.6 Mln. vs. $72.2 Mln. last year. -Earnings Growth (Y-o-Y): 8.9% -EPS (Q3): $1.83 vs. $1.61 last year. -EPS Growth (Y-o-Y): 13.7% -Analysts Estimate: $1.59 -Revenue (Q3): $1.25 Bln vs. $1.20 Bln last year. -Revenue Change (Y-o-Y): 4.2%