The Hanover Insurance Group Q3 adjusted earnings Miss Estimates

(RTTNews) - The Hanover Insurance Group (THG) reported a profit for third quarter that declined from last year.

The company's bottom line came in at $34.0 million, or $0.94 per share. This compares with $118.9 million, or $3.13 per share, in last year's third quarter.

Excluding items, The Hanover Insurance Group reported adjusted earnings of $30.8 million or $0.85 per share for the period.

Analysts had expected the company to earn $0.92 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.7% to $1.38 billion from $1.27 billion last year.

The Hanover Insurance Group earnings at a glance:

-Earnings (Q3): $30.8 Mln. vs. $93.5. last year. -EPS (Q3): $0.85 vs. $2.46 last year. -Analysts Estimate: $0.92 -Revenue (Q3): $1.38 Bln vs. $1.27 Bln last year.