Hanover Insurance Group Reports Q4 Earnings Beat

Worcester, Massachusetts-based The Hanover Insurance Group (THG) announced fourth-quarter earnings of $167.9 million, translating to $4.59 per share. Adjusted for non-recurring items, earnings reached $5.32 per share, exceeding analysts' estimates of $3.45 per share.

THG's revenue totaled $1.58 billion, with adjusted revenue meeting Street expectations at $1.62 billion.

For the full year, the company reported profits of $426 million ($11.70 per share) on revenue of $6.31 billion.