Hanover Insurance: 4Q Earnings Snapshot
WORCESTER, Mass. (AP) _ The Hanover Insurance Group Inc. (THG) on Wednesday reported fourth-quarter earnings of $123.6 million.
The Worcester, Massachusetts-based company said it had net income of $2.88 per share. Earnings, adjusted to account for discontinued operations, came to $1.51 per share.
The insurance company posted revenue of $1.1 billion in the period. Its adjusted revenue was $1.16 billion.
For the year, the company reported profit of $391 million, or $9.09 per share. Revenue was reported as $4.55 billion.
Hanover Insurance shares have decreased 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $110.75, a drop of slightly more than 3 percent in the last 12 months.