Hanover Insurance Group Inc., a provider of coverage to businesses and individuals, jumped the most since September after profit beat analysts’ estimates on improved underwriting margins.

Hanover rose 4 percent to $60.10 at 12:53 p.m. in New York. The Worcester, Massachusetts-based insurer reached $61.06 earlier today.

Second-quarter operating profit was $1.30 a share, Hanover said yesterday in a statement after the close of New York trading. That beat by 12 cents the average estimate of six analysts surveyed by Bloomberg. The insurer made 3.2 cents of profit for every premium dollar it collected in the period, double the amount from a year earlier.

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