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.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Investments | — | — |
| Fixed maturities, at fair value (amortized cost of $9,051.5 and $8,573.9) | 8,542.2a | 7,985.3a |
| Equity securities, at fair value | 157.7a | 130.9a |
| Other investments | 709.9a | 796.9a |
| Total investments | 9,409.8a | 8,913.1a |
| Cash and cash equivalents | 435.5a | 316.1a |
| Accrued investment income | 69.8a | 58.2a |
| Premiums and accounts receivable, net | 1,800.8a | 1,705.6a |
| Reinsurance recoverable on paid and unpaid losses and unearned premiums | 1,994.5a | 2,056.1a |
| Deferred acquisition costs | 662.8a | 620.8a |
| Deferred income tax asset | 174.2a | 173.3a |
| Goodwill | 178.8a | 178.8a |
| Other assets | 462.6a | 504a |
| Assets of discontinued businesses | 85.7a | 86.6a |
| Total assets | 15,274.5a | 14,612.6a |
| Liabilities | — | — |
| Loss and loss adjustment expense reserves | 7,461.2a | 7,308.1a |
| Unearned premiums | 3,283.3a | 3,102.5a |
| Expenses and taxes payable | 757.8a | 775.9a |
| Reinsurance premiums payable | 37.7a | 64.3a |
| Short-term debt | 61.8a | 0a |
| Long-term debt | 722.3a | 783.2a |
| Liabilities of discontinued businesses | 108.6a | 113a |
| Total liabilities | 12,432.7a | 12,147a |
| Shareholders’ equity | — | — |
| Preferred stock | 0a | 0a |
| Common stock | 0.6a | 0.6a |
| Additional paid-in capital | 1,973.6a | 1,939.2a |
| Accumulated other comprehensive loss | -456.3a | -517.2a |
| Retained earnings | 3,209.6a | 2,909.4a |
| Treasury stock at cost | -1,885.7a | -1,866.4a |
| Total shareholders’ equity | 2,841.8a | 2,465.6a |
| Total liabilities and shareholders’ equity | 15,274.5a | 14,612.6a |
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