Hanover Insurance Q3 Profit Falls to $172.6 Million Despite 4.2% Revenue Growth

The Hanover Insurance Group (THG) reported third-quarter net income of $172.6 million, or $4.86 per share, down from $178.7 million, or $4.90 per share, a year earlier. Revenue for the period rose 4.2% to $1.735 billion from $1.665 billion last year, according to the company's GAAP results. The insurer's bottom line declined even as top-line growth accelerated, with earnings per share slipping 4 cents year over year.