WORCESTER, Mass. (AP) — WORCESTER, Mass. (AP) — The Hanover Insurance Group Inc. (THG) on Wednesday reported fourth-quarter net income of $107.9 million.

On a per-share basis, the Worcester, Massachusetts-based company said it had profit of $2.98. Earnings, adjusted for one-time gains and costs, were $3.13 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.51 per share.

The insurance company posted revenue of $1.53 billion in the period.

For the year, the company reported profit of $35.3 million, or 98 cents per share. Revenue was reported as $6.03 billion.

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