WORCESTER, Mass. (AP) — WORCESTER, Mass. (AP) — The Hanover Insurance Group Inc. (THG) on Tuesday reported a loss of $12 million in its first quarter.
The Worcester, Massachusetts-based company said it had a loss of 34 cents per share. Earnings, adjusted for investment costs, were 13 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The insurance company posted revenue of $1.44 billion in the period. Its adjusted revenue was $1.47 billion.
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