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St. Paul Beats Third-Quarter Estimates by a Penny

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St. Paul Cos.


posted third-quarter earnings that beat analysts' expectations by a penny, citing price increases and improving retention levels.

The insurance company earned $171.9 million, or 73 cents a share, compared with $151.4 million, or 62 cents a share, in the same period last year. According to

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First Call/Thomson Financial

, 16 analysts expected the company to earn 72 cents a share in the latest third quarter.

Revenue rose to $2.03 billion from $1.78 billion a year earlier.