WORCESTER, Mass. (AP) _ The Hanover Insurance Group Inc. (THG) on Tuesday reported second-quarter profit of $115.2 million.
The Worcester, Massachusetts-based company said it had profit of $3.01 per share. Earnings, adjusted for non-recurring gains, came to $1.63 per share.
The insurance company posted revenue of $1.22 billion in the period. Its adjusted revenue was $1.16 billion.
Hanover Insurance shares have decreased 28% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $98.95, a decline of 24% in the last 12 months.
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