The Hanover Insurance Group (THG) revealed earnings for its first quarter that rose from last year.
The company said its bottom line advanced to $71.5 million, or $1.64 per share. This was higher than $57.1 million, or $1.27 per share, in last year's first 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 fell 5.4% to $1.23 billion. This was down from $1.30 billion last year.
The Hanover Insurance Group earnings at a glance:
-Earnings (Q1): $71.5 Mln. vs. $57.1 Mln. last year.
-Earnings Growth (Y-o-Y): 25.2%
-EPS (Q1): $1.64 vs. $1.27 last year.
-EPS Growth (Y-o-Y): 29.1%
-Analysts Estimate: $1.59
-Revenue (Q1): $1.23 Bln vs. $1.30 Bln last year.
-Revenue Change (Y-o-Y): -5.4%
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