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Hanover Insurance: Q1 Earnings Snapshot

WORCESTER, Mass. (AP) — WORCESTER, Mass. (AP) — The Hanover Insurance Group Inc. (THG) on Wednesday reported first-quarter net income of $186.8 million.

On a per-share basis, the Worcester, Massachusetts-based company said it had net income of $5.20. Earnings, adjusted for investment costs, came to $5.25 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.14 per share.

The insurance company posted revenue of $1.7 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $1.72 billion.

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This story was generated by (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a at https://www.zacks.com/ap/THG

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