Craft

The Hanover Insurance Group

Stock Price

$124.9

2024-07-10

Market Capitalization

$4.5 B

2024-07-10

Revenue

$6 B

FY, 2023

The Hanover Insurance Group Summary

Company Summary

Overview
The Hanover Insurance Group is a company providing property and casualty insurance. It operates through four operating segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, worker compensation, monoline general liability, commercial umbrella, and monoline property insurance products. The Specialty segment delivers professional and executive lines, specialty property and casualty, surety, and other coverages. The Personal Lines segment provides personal automobile and homeowner coverage, as well as other personal coverages, such as personal inland marine, umbrella, fire, personal watercraft, earthquake, etc. The Other segment offers investment management and advisory services to institutions, pension funds, and other organizations.
Type
Public
Status
Active
Founded
1852
HQ
Worcester, MA, US | view all locations
Website
https://www.hanover.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • John C. Roche

    John C. Roche, President and Chief Executive Officer, Director

  • Denise M. Lowsley

    Denise M. Lowsley, Executive Vice President, Chief Human Resources Officer

  • David J. Lovely

    David J. Lovely, Executive Vice President, Chief Claims Officer

  • Jeffrey M. Farber

    Jeffrey M. Farber, Executive Vice President, Chief Financial Officer

    Operating MetricsView all

    Catastrophe Loss Ratio

    13.7
    101.5%

    Q3, 2023

    Net Premiums Written

    $1.6B
    6.0%

    Q3, 2023

    Direct Loss Ratio

    7420.0%
    5.1%

    Q3, 2023

    LocationsView all

    36 locations detected

    • Worcester, MA HQ

      United States

      440 Lincoln St

    • Alpharetta, GA

      United States

      2475 Northwinds Pkwy # 375

    • Atlanta, GA

      United States

      1050 Crown Pointe Pkwy Suite 500

    • Bedford, NH

      United States

      4 Bedford Farms Dr #107

    • Bloomington, MN

      United States

      8300 Norman Center Dr # 250

    • Brookfield, WI

      United States

      100 N Corporate Dr UNIT 110

    and 30 others

    The Hanover Insurance Group Financials

    Summary Financials

    Revenue (Q1, 2024)
    $1.6B
    Net income (Q1, 2024)
    $115.5M
    Cash (Q1, 2024)
    $264.6M
    EBIT (Q1, 2024)
    $149.7M

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