The Hanover is a leading provider of property and casualty insurance in the U.S., and through its member companies, underwrites business at Lloyd’s of London. An “A” rated international company, The Hanover has a reputation for sound capital management, strong underwriting results and superior service. The Hanover has 5,000+ employees, covering more than two million individual and business policyholders. As an employer of choice, The Hanover provides a unique combination of being part of an organization with a long, proud history of delivering of its promises, and the drive and innovative spirit of a start-up. At The Hanover, you will gain the new experiences, expanded skill set, and career potential that comes with working for an industry leader and one of the fastest growing companies in the insurance industry. Our compensation and benefits programs are based on the strong belief that our people are our company's most valuable asset. We offer comprehensive benefits to help you stay healthy, build financial security, balance work and personal responsibilities, and achieve your professional goals. When you join The Hanover, you will become part of a company that believes in making a difference. The Hanover encourages employees to participate in corporate-sponsored and personal events, programs and volunteer opportunities that benefit the community.

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Type
Public
HQ
Worcester, US
Founded
1852
Size (employees)
4,900 (est)
The Hanover Insurance Group was founded in 1852 and is headquartered in Worcester, US
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The Hanover Insurance Group Office Locations

The Hanover Insurance Group has offices in Brookfield, Seattle, Salem, Reston and in 38 other locations
Worcester, US (HQ)
440 Lincoln St
Atlanta, US
165 1000 Abernathy Rd NE
Bedford, US
200 1 Executive Park Dr
Bloomington, US
250 8300 Norman Center Dr
Boston, US
302 313 Washington St
Brookfield, US
110 100 N Corporate Dr
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The Hanover Insurance Group Financials and Metrics

The Hanover Insurance Group Financials

The Hanover Insurance Group's revenue was reported to be $4.95 b in FY, 2016 which is a 1.8% decrease from the previous period.
USD

Revenue (Q2, 2017)

1.3 b

Net income (Q2, 2017)

78.4 m

Market capitalization (20-Apr-2018)

5.2 b
The Hanover Insurance Group's current market capitalization is $5.2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

4.8 b5.1 b5 b4.9 b

Revenue growth, %

6%(1%)(2%)

Interest expense

60.1 m54.9 m

Pre tax profit

439.4 m192.3 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

1.3 b1.2 b1.2 b1.2 b1.2 b1.3 b1.3 b

Interest expense

14.9 m14.7 m14.7 m15.6 m12.5 m12 m12.2 m

Pre tax profit

152.6 m110.4 m108.1 m(7.1 m)124.1 m59 m111 m

Net Income

61.3 m54.6 m82.6 m54.9 m54.9 m120.7 m78.3 m78.2 m2 m88.4 m45.2 m78.4 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

486.2 m373.3 m338.8 m282.6 m

Accounts Receivable

Inventories

8.4 b

Goodwill

184.9 m184.6 m186 m184.8 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

602.2 m476.3 m606.2 m509.6 m403.9 m583.7 m385.1 m406.7 m361.6 m315.9 m257 m317.8 m

Inventories

7.4 b7.7 b7.8 b8 b8.2 b7.7 b8 b8 b8.2 b8.5 b8.5 b8.7 b

Goodwill

184.8 m185 m185.2 m184.8 m184.3 m184.2 m184 m185.7 m185.2 m185.1 m184.9 m185.2 m

Total Assets

13.5 b13.6 b14 b14 b13.9 b14.1 b14 b14 b14.2 b14.4 b14.5 b14.8 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

251 m282 m331.5 m155.1 m

Cash From Operating Activities

383.9 m564.7 m438.4 m737.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

180.9 m54.6 m137.2 m192.1 m54.9 m175.6 m253.9 m78.2 m80.2 m168.6 m45.2 m123.6 m

Cash From Operating Activities

181.9 m62.9 m167.4 m408.1 m84.2 m102.7 m354.4 m77 m231.6 m558.1 m54.2 m249.8 m

Cash From Investing Activities

(94.6 m)(60 m)(22.9 m)(347.2 m)36.2 m243.1 m(111.8 m)61 m9 m(319 m)(47.8 m)(145.9 m)

Long-term Borrowings

(461.3 m)(461.3 m)(461.3 m)
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The Hanover Insurance Group Operating Metrics

FY, 2014FY, 2015FY, 2016

Locations

40 40 42
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