Hanover Insurance Group Inc

Common Name

Hanover Insurance Group

Country

United States

Sector

Financial Services

Industry

Insurance - Property & Casualty

Employees

4,900

Ticker

THG

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

www.hanover.com

Description

Hanover Insurance Group, Inc. is a prominent player in the insurance industry, providing a diverse range of property and casualty insurance products across the United States. Primarily focused on deli... Show more

Financial Statements of Hanover Insurance Group

Below are the financial statements of Hanover Insurance Group, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023
Investments	—	—
Fixed maturities, at fair value (amortized cost of $9,051.5 and $8,573.9)	8,542.2^a	7,985.3^a
Equity securities, at fair value	157.7^a	130.9^a
Other investments	709.9^a	796.9^a
Total investments	9,409.8^a	8,913.1^a
Assets	—	—
Cash and cash equivalents	435.5^a	316.1^a
Accrued investment income	69.8^a	58.2^a
Premiums and accounts receivable, net	1,800.8^a	1,705.6^a
Reinsurance recoverable on paid and unpaid losses and unearned premiums	1,994.5^a	2,056.1^a
Deferred acquisition costs	662.8^a	620.8^a
Deferred income tax asset	174.2^a	173.3^a
Goodwill	178.8^a	178.8^a
Other assets	462.6^a	504^a
Assets of discontinued businesses	85.7^a	86.6^a
Total assets	15,274.5^a	14,612.6^a
Liabilities	—	—
Loss and loss adjustment expense reserves	7,461.2^a	7,308.1^a
Unearned premiums	3,283.3^a	3,102.5^a
Expenses and taxes payable	757.8^a	775.9^a
Reinsurance premiums payable	37.7^a	64.3^a
Short-term debt	61.8^a	0^a
Long-term debt	722.3^a	783.2^a
Liabilities of discontinued businesses	108.6^a	113^a
Total liabilities	12,432.7^a	12,147^a
Shareholders’ equity	—	—
Preferred stock	0^a	0^a
Common stock	0.6^a	0.6^a
Additional paid-in capital	1,973.6^a	1,939.2^a
Accumulated other comprehensive loss	-456.3^a	-517.2^a
Retained earnings	3,209.6^a	2,909.4^a
Treasury stock at cost	-1,885.7^a	-1,866.4^a
Total shareholders’ equity	2,841.8^a	2,465.6^a
Total liabilities and shareholders’ equity	15,274.5^a	14,612.6^a

Verified Sources Behind Hanover Insurance Group’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Hanover Insurance Group’s data sources below and access millions more through our Disclosure Search.

a. Hanover Insurance Group's Annual Report 2024

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Hanover Insurance Group Inc

Financial Statements of Hanover Insurance Group

Verified Sources Behind Hanover Insurance Group’s Financial Fundamentals Data

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