The Hanover Insurance Group Profit Rises 25% In Q1

(RTTNews) - The Hanover Insurance Group (THG) revealed earnings for its first quarter that rose from last year.

The company said its bottom line advanced to $71.5 million, or $1.64 per share. This was higher than $57.1 million, or $1.27 per share, in last year's first quarter.

Analysts had expected the company to earn $1.59 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.4% to $1.23 billion. This was down from $1.30 billion last year.

The Hanover Insurance Group earnings at a glance:

-Earnings (Q1): $71.5 Mln. vs. $57.1 Mln. last year. -Earnings Growth (Y-o-Y): 25.2% -EPS (Q1): $1.64 vs. $1.27 last year. -EPS Growth (Y-o-Y): 29.1% -Analysts Estimate: $1.59 -Revenue (Q1): $1.23 Bln vs. $1.30 Bln last year. -Revenue Change (Y-o-Y): -5.4%