WORCESTER, Mass. (AP) _ The Hanover Insurance Group Inc. (THG) on Wednesday reported first-quarter profit of $67.7 million.
On a per-share basis, the Worcester, Massachusetts-based company said it had net income of $1.57. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to $1.95 per share.
The insurance company posted revenue of $1.33 billion in the period. Its adjusted revenue was $1.35 billion.
Hanover Insurance shares have increased 4 percent since the beginning of the year. The stock has increased 27 percent in the last 12 months.
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