Hanover Insurance Group Inc - Understand $thg stock

$THG Market Cap: $5.841 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$6.169B

TTM

Gross Margin

37.64%

TTM

Net Earnings

$366.0M

TTM

Current Assets

Current Liabilities

$775.1M

Q3 2024

Current Ratio

Total Assets

$15.37B

Q3 2024

Total Liabilities

$12.49B

Q3 2024

Book Value

$2.878B

Q3 2024

Cash

$427.1M

Q3 2024

P/E

15.96

Nov 14, 2024 EST

Free Cash Flow

$675.8M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992
Revenue	$6.017B	$5.549B	$5.228B	$4.825B	$4.891B	$4.494B	$4.268B	$4.054B	$5.034B	$5.073B	$4.794B	$4.591B	$3.932B	$3.152B	$2.834B	$2.680B	$2.674B	$2.505B	$2.624B	$2.717B	$2.831B	$3.317B	$3.312B	$3.183B	$3.239B	$3.034B	$3.006B	$3.285B	$3.255B	$3.208B	$3.248B	$3.185B
YoY Change	8.44%	6.14%	8.35%	-1.35%	8.82%	5.3%	5.28%	-19.47%	-0.77%	5.83%	4.42%	16.76%	24.73%	11.22%	5.73%	0.24%	6.73%	-4.53%	-3.42%	-4.01%	-14.66%	0.14%	4.06%	-1.73%	6.75%	0.92%	-8.48%	0.93%	1.47%	-1.25%	1.98%	0.92%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992
Revenue	$6.017B	$5.549B	$5.228B	$4.825B	$4.891B	$4.494B	$4.268B	$4.054B	$5.034B	$5.073B	$4.794B	$4.591B	$3.932B	$3.152B	$2.834B	$2.680B	$2.674B	$2.505B	$2.624B	$2.717B	$2.831B	$3.317B	$3.312B	$3.183B	$3.239B	$3.034B	$3.006B	$3.285B	$3.255B	$3.208B	$3.248B	$3.185B
Cost Of Revenue	$4.135B	$3.623B	$3.134B	$2.845B	$2.866B	$2.725B	$2.580B	$2.546B	$2.884B		$2.761B	$2.974B	$2.551B	$1.856B
Gross Profit	$1.883B	$1.925B	$2.094B	$1.980B	$2.025B	$1.770B	$1.688B	$1.508B	$2.150B		$2.033B	$1.616B	$1.381B	$1.296B
Gross Profit Margin	31.29%	34.7%	40.05%	41.03%	41.41%	39.38%	39.56%	37.2%	42.71%		42.4%	35.21%	35.12%	41.11%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.176B	$1.093B	$16.90M	$951.0M	$926.7M	$891.8M	$840.7M	$803.6M	$1.033B	$33.50M	$971.0M	$938.1M	$778.9M	$600.8M	$11.80M	$15.10M	$18.90M	$21.40M	$31.60M	$38.20M	$35.80M	$20.60M	$23.00M	$22.80M	$34.20M	$21.90M	$31.60M	$44.70M	$57.70M	$0.00	$0.00	$0.00
YoY Change	7.57%	6368.64%	-98.22%	2.62%	3.91%	6.08%	4.62%	-22.22%	2984.18%	-96.55%	3.51%	20.44%	29.64%	4991.53%	-21.85%	-20.11%	-11.68%	-32.28%	-17.28%	6.7%	73.79%	-10.43%	0.88%	-33.33%	56.16%	-30.7%	-29.31%	-22.53%
% of Gross Profit	62.47%	56.78%	0.81%	48.04%	45.76%	50.39%	49.8%	53.29%	48.06%		47.77%	58.04%	56.41%	46.36%
Operating Expenses	$5.918B	$5.291B	$4.673B	$4.339B	$4.331B	$4.139B	$3.930B	$3.848B	$4.573B	$4.624B	$4.399B	$4.495B	$3.853B	$2.895B	$2.562B	$2.516B	$2.333B	$2.234B	$2.551B	$2.564B	$2.742B	$3.935B	$3.232B	$2.943B	$2.773B	$2.694B	$2.613B	$2.953B	$2.953B	$3.054B	$2.853B	$2.971B
YoY Change	11.87%	13.23%	7.68%	0.19%	4.65%	5.31%	2.12%	-15.85%	-1.11%	5.12%	-2.13%	16.67%	33.09%	12.98%	1.84%	7.86%	4.39%	-12.41%	-0.51%	-6.47%	-30.32%	21.74%	9.8%	6.16%	2.92%	3.12%	-11.54%	0.01%	-3.31%	7.03%	-3.96%	-3.06%
Operating Profit	$105.6M	$285.1M	$432.3M	$484.7M	$453.6M	$406.5M	$327.3M	$192.9M	$466.1M		$393.4M	$75.10M	$71.80M	$222.2M
YoY Change	-62.96%	-34.05%	-10.81%	6.86%	11.59%	24.2%	69.67%	-58.61%			423.83%	4.6%	-67.69%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	-$39.70M	-$97.40M	$85.10M	-$23.70M	$69.00M	-$88.50M	-$45.20M	-$51.40M	-$60.10M	-$65.20M	-$65.30M	-$61.90M	-$55.00M	-$44.30M	-$35.50M
YoY Change	-59.24%	-214.45%	-459.07%	-134.35%	-177.97%	95.8%	-12.06%	-14.48%	-7.82%	-0.15%	5.49%	12.55%	24.15%	24.79%
% of Operating Profit	-37.59%	-34.16%	19.69%	-4.89%	15.21%	-21.77%	-13.81%	-26.65%	-12.89%		-16.6%	-82.42%	-76.6%	-19.94%
Other Income/Expense, Net	$2.100M	-$500.0K		-$1.600M	-$3.400M		-$10.30M	$2.600M	$100.0K
YoY Change	-520.0%			-52.94%			-496.15%	2500.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992
Pretax Income	$41.10M	$144.0M	$521.3M	$444.8M	$522.1M	$282.5M	$292.9M	$66.00M	$439.4M	$378.0M	$328.1M	$13.20M	$16.80M	$177.9M	$270.9M	$164.4M	$341.5M	$271.0M	$71.30M	$144.5M	$60.20M	-$521.2M	-$59.40M	$218.6M	$468.0M	$300.1M	$340.0M	$331.7M	$301.8M	$153.5M	$394.9M	$214.3M
YoY Change	-71.46%	-72.38%	17.2%	-14.81%	84.81%	-3.55%	343.79%	-84.98%	16.24%	15.21%	2385.61%	-21.43%	-90.56%	-34.33%	64.78%	-51.86%	26.01%	280.08%	-50.66%	140.03%	-111.55%	777.44%	-127.17%	-53.29%	55.95%	-11.74%	2.5%	9.91%	96.61%	-61.13%	84.27%	133.95%
Income Tax	$7.600M	$27.20M	$101.3M	$82.80M	$93.10M	$43.50M	$76.80M	-$1.000M	$108.6M	$95.70M	$83.40M	-$17.40M	-$9.900M	$56.00M	$83.10M	$79.90M	$113.2M	$87.20M	-$5.200M	-$800.0K	$3.900M	-$234.8M	-$75.50M	$2.700M	$106.9M	$56.10M	$84.70M	$75.20M	$82.70M	$53.40M	$74.70M	$62.70M
% Of Pretax Income	18.49%	18.89%	19.43%	18.62%	17.83%	15.4%	26.22%	-1.52%	24.72%	25.32%	25.42%	-131.82%	-58.93%	31.48%	30.68%	48.6%	33.15%	32.18%	-7.29%	-0.55%	6.48%			1.24%	22.84%	18.69%	24.91%	22.67%	27.4%	34.79%	18.92%	29.26%
Net Earnings	$35.30M	$116.0M	$418.7M	$358.7M	$425.1M	$391.0M	$186.2M	$155.1M	$331.5M	$282.0M	$251.0M	$55.90M	$36.70M	$151.2M	$197.2M	$20.60M	$253.1M	$170.3M	-$325.2M	$125.3M	$86.90M	-$306.1M	-$3.100M	$199.9M	$295.8M	$201.2M	$209.2M	$181.9M	$133.9M	$38.00M	$157.4M	$97.20M
YoY Change	-69.57%	-72.3%	16.73%	-15.62%	8.72%	109.99%	20.05%	-53.21%	17.55%	12.35%	349.02%	52.32%	-75.73%	-23.33%	857.28%	-91.86%	48.62%	-152.37%	-359.54%	44.19%	-128.39%	9774.19%	-101.55%	-32.42%	47.02%	-3.82%	15.01%	35.85%	252.37%	-75.86%	61.93%	77.05%
Net Earnings / Revenue	0.59%	2.09%	8.01%	7.43%	8.69%	8.7%	4.36%	3.83%	6.59%	5.56%	5.24%	1.22%	0.93%	4.8%	6.96%	0.77%	9.46%	6.8%	-12.39%	4.61%	3.07%	-9.23%	-0.09%	6.28%	9.13%	6.63%	6.96%	5.54%	4.11%	1.18%	4.85%	3.05%
Basic Earnings Per Share	$0.99	$3.26	$11.67	$9.52	$10.62	$9.21	$4.38	$3.63	$7.55		$5.70	$1.25	$0.81	$3.32
Diluted Earnings Per Share	$0.97	$3.213M	$11.49	$9.42	$10.46	$9.09	$4.33	$3.59	$7.40	$6.281M	$5.59	$1.23	$0.80	$3.27	$3.859M	$398.5K	$4.830M	$3.262M	-$6.022M	$2.333M	$1.633M	-$5.786M	-$58.38K	$3.702M	$5.330M	$3.337M	$3.818M	$3.631M	$2.673M	$758.5K	$3.142M	$2.599M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$316.1M	$305.0M	$230.9M	$121.0M	$216.0M	$1.021B	$376.0M	$283.0M	$339.0M	$373.0M	$486.0M	$565.0M	$820.0M	$290.0M	$317.0M	$398.0M	$211.0M	$373.0M	$702.0M	$487.0M	$778.0M	$390.0M	$350.0M	$281.0M	$442.0M	$550.0M	$215.0M	$179.0M	$290.0M	$540.0M	$291.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment																											$0.00	$0.00	$0.00	$0.00	$139.0M
YoY Change																														-100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$8.913B	$8.510B	$9.153B	$8.846B	$7.996B	$7.287B	$9.042B	$8.450B	$7.953B	$8.250B	$7.593B	$7.478B	$6.721B	$4.966B	$4.717B	$4.267B	$4.701B	$5.864B	$6.008B	$8.266B	$8.186B	$8.807B	$10.33B	$9.396B	$7.889B	$9.058B	$8.701B	$8.993B	$9.431B	$9.478B	$10.10B
YoY Change	4.74%	-7.02%	3.47%	10.63%	9.73%	-19.41%	7.01%	6.25%	-3.6%	8.65%	1.54%	11.26%	35.34%	5.28%	10.55%	-9.23%	-19.83%	-2.4%	-27.32%	0.98%	-7.05%	-14.71%	9.9%	19.1%	-12.91%	4.1%	-3.25%	-4.64%	-0.5%	-6.15%
Other Assets	$86.60M	$86.20M	$107.1M	$110.0M	$103.0M	$212.0M	$117.0M	$195.0M	$221.0M	$243.0M	$355.0M	$398.0M	$395.0M	$311.0M	$359.0M	$2.055B	$301.0M	$385.0M	$465.0M	$415.0M	$381.0M	$413.0M	$168.0M	$104.0M	$142.0M	$20.00M	$0.00	$67.00M	$81.00M	$189.0M	$133.0M
YoY Change	0.46%	-19.51%	-2.64%	6.8%	-51.42%	81.2%	-40.0%	-11.76%	-9.05%	-31.55%	-10.8%	0.76%	27.01%	-13.37%	-82.53%	582.72%	-21.82%	-17.2%	12.05%	8.92%	-7.75%	145.83%	61.54%	-26.76%	610.0%		-100.0%	-17.28%	-57.14%	42.11%
Total Long-Term Assets
YoY Change
Total Assets	$14.61B	$14.00B	$14.25B	$13.44B	$12.49B	$12.40B	$15.47B	$14.22B	$13.78B	$13.76B	$13.38B	$13.49B	$12.60B	$8.570B	$8.043B	$9.230B	$9.816B	$9.857B	$10.63B	$23.81B	$25.51B	$26.58B	$30.34B	$31.59B	$30.77B	$27.65B	$22.55B	$18.97B	$17.76B	$15.92B	$15.38B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$83.00M	$57.00M	$45.00M	$221.0M	$33.00M	$38.00M	$31.00M	$33.00M	$41.00M
YoY Change																						-100.0%	45.61%	26.67%	-79.64%	569.7%	-13.16%	22.58%	-6.06%	-19.51%
Long-Term Debt Due				$0.00	$0.00	$125.0M
YoY Change					-100.0%
Total Short-Term Liabilities	$775.9M	$731.7M	$907.7M	$688.0M	$628.0M	$1.035B	$716.0M	$728.0M	$725.0M	$695.0M	$637.0M	$776.0M	$643.0M	$542.0M	$603.0M	$622.0M	$634.0M	$928.0M	$1.062B	$1.153B	$1.220B	$1.116B	$1.017B	$826.0M	$841.0M	$937.0M	$704.0M	$660.0M	$634.0M	$622.0M	$542.0M
YoY Change	6.04%	-19.39%	31.93%	9.55%	-39.32%	44.55%	-1.65%	0.41%	4.32%	9.11%	-17.91%	20.68%	18.63%	-10.12%	-3.05%	-1.89%	-31.68%	-12.62%	-7.89%	-5.49%	9.32%	9.73%	23.12%	-1.78%	-10.25%	33.1%	6.67%	4.1%	1.93%	14.76%
Long-Term Debt	$783.2M	$782.4M	$781.6M	$781.0M	$653.0M	$653.0M	$787.0M	$786.0M	$803.0M	$904.0M	$904.0M	$849.0M	$911.0M	$606.0M	$434.0M	$531.0M	$512.0M	$509.0M	$509.0M	$509.0M	$500.0M	$200.0M	$200.0M	$200.0M	$200.0M	$200.0M	$202.0M	$202.0M	$202.0M	$3.000M	$0.00
YoY Change	0.1%	0.1%	0.08%	19.6%	0.0%	-17.03%	0.13%	-2.12%	-11.17%	0.0%	6.48%	-6.81%	50.33%	39.63%	-18.27%	3.71%	0.59%	0.0%	0.0%	1.8%	150.0%	0.0%	0.0%	0.0%	0.0%	-0.99%	0.0%	0.0%	6633.33%
Other Long-Term Liabilities	$953.2M	$922.4M	$121.7M	$121.0M	$117.0M	$138.0M	$115.0M	$86.00M	$88.00M	$114.0M	$121.0M	$126.0M	$129.0M	$129.0M	$134.0M	$1.679B	$1.521B	$39.00M	$294.0M	$1.126B	$1.200B	$1.203B	$1.589B	$622.0M	$893.0M	$872.0M	$886.0M	$899.0M	$902.0M	$0.00	$0.00
YoY Change	3.34%	657.93%	0.58%	3.42%	-15.22%	20.0%	33.72%	-2.27%	-22.81%	-5.79%	-3.97%	-2.33%	0.0%	-3.73%	-92.02%	10.39%	3800.0%	-86.73%	-73.89%	-6.17%	-0.25%	-24.29%	155.47%	-30.35%	2.41%	-1.58%	-1.45%	-0.33%
Total Long-Term Liabilities	$1.736B	$1.705B	$903.3M	$902.0M	$770.0M	$791.0M	$902.0M	$872.0M	$891.0M	$1.018B	$1.025B	$975.0M	$1.040B	$735.0M	$568.0M	$2.210B	$2.033B	$548.0M	$803.0M	$1.635B	$1.700B	$1.403B	$1.789B	$822.0M	$1.093B	$1.072B	$1.088B	$1.101B	$1.104B	$3.000M	$0.00
YoY Change	1.85%	88.73%	0.14%	17.14%	-2.65%	-12.31%	3.44%	-2.13%	-12.48%	-0.68%	5.13%	-6.25%	41.5%	29.4%	-74.3%	8.71%	270.99%	-31.76%	-50.89%	-3.82%	21.17%	-21.58%	117.64%	-24.79%	1.96%	-1.47%	-1.18%	-0.27%	36700.0%
Total Liabilities	$12.15B	$11.67B	$11.11B	$10.24B	$9.574B	$9.445B	$12.47B	$11.36B	$10.94B	$10.92B	$10.78B	$10.89B	$10.12B	$6.109B	$5.684B	$7.343B	$7.517B	$7.857B	$8.683B	$21.47B	$23.29B	$24.51B	$27.95B	$29.18B	$28.53B	$25.20B	$20.17B	$17.25B	$16.18B	$14.93B	$14.33B
YoY Change	4.07%	5.06%	8.47%	6.98%	1.37%	-24.27%	9.76%	3.9%	0.19%	1.22%	-0.97%	7.66%	65.58%	7.48%	-22.59%	-2.31%	-4.33%	-9.51%	-59.56%	-7.81%	-4.97%	-12.3%	-4.23%	2.28%	13.23%	24.93%	16.94%	6.56%	8.41%	4.2%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	35.70M	35.60M	35.90M	37.70M	40.00M	42.40M	42.50M	42.80M	43.90M	44.00M	44.10M shares	44.70M shares	45.20M shares	45.60M shares
Diluted Shares Outstanding	36.10M	36.10M	36.40M	38.10M	40.60M	43.00M	43.00M	43.20M	44.80M		44.90M shares	45.30M shares	45.80M shares	46.30M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $5.8406 Billion

About Hanover Insurance Group Inc

The Hanover Insurance Group, Inc. is a holding company that engages in the provision of property and casualty products and services. The company is headquartered in Worcester Massachusetts, Massachusetts and currently employs 4,800 full-time employees. The firm operates through three segments: Core Commercial, Specialty, Personal Lines and Other. Core Commercial product suite provides agents and customers with products designed for small and mid-sized businesses. Core Commercial segment coverages include commercial multiple peril, workers’ compensation, and other core commercial. Specialty segment offers a comprehensive suite of products focused predominately on small to mid-sized businesses. This includes various specialized products that are organized into four distinct divisions: Professional and Executive Lines, Specialty Property & Casualty, Marine, and Surety and Other. Personal Lines segment coverages include Personal automobile, and Homeowners and other personal lines. The Other segment primarily includes Opus, which provides investment advisory services to affiliates.

Industry: Fire, Marine & Casualty Insurance Peers: First American Financial Corp White Mountains Insurance Group Ltd Palomar Holdings Inc Kemper Corp Kinsale Capital Group Inc Old Republic International Corp RLI Corp PROGRESSIVE CORP/OH/ Selective Insurance Group Inc