The Hanover Insurance Group Reports 34% Gain In Q2 Bottom Line

(RTTNews) - The Hanover Insurance Group (THG) reported earnings for its second quarter that gained ground from last year.

The company said its bottom line came in at $72.3 million, or $1.69 per share. This was up from $54.0 million, or $1.24 per share, in last year's second quarter.

Analysts had expected the company to earn $1.58 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.9% to $1.28 billion. This was up from $1.22 billion last year.

The Hanover Insurance Group earnings at a glance:

-Earnings (Q2): $72.3 Mln. vs. $54.0 Mln. last year. -Earnings Growth (Y-o-Y): 33.9% -EPS (Q2): $1.69 vs. $1.24 last year. -EPS Growth (Y-o-Y): 36.3% -Analysts Estimate: $1.58 -Revenue (Q2): $1.28 Bln vs. $1.22 Bln last year. -Revenue Change (Y-o-Y): 4.9%