Market Summary
USD127.24+1.60
Market Closed1.27%
THG Stock Price
THG RSI Chart
THG Valuation
THG Price/Sales (Trailing)
THG Profitability
THG Fundamentals
THG Revenue
THG Earnings
Price Action
52 Week Range
123.36155.55
(Low)(High)
Last 7 days
-6.0%
Last 30 days
-12.7%
Last 90 days
-5.9%
Trailing 12 Months
-11.8%
THG Financial Health
THG Investor Care
Peers (Alternatives to Hanover Insurance Group)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PGR | 83.5B | 49.6B | -3.33% | 25.86% | 115.74 | 1.68 | 4.00% | -78.47% |
TRV | 40.0B | 36.9B | -11.25% | -6.12% | 14.06 | 1.08 | 5.94% | -22.39% |
AIG | 38.3B | 56.4B | -22.60% | -17.13% | 3.73 | 0.68 | 8.41% | 9.46% |
ALL | 29.5B | 51.4B | -18.97% | -12.44% | -20.82 | 0.57 | 1.63% | -195.35% |
RE | 24.8B | 12.1B | -11.42% | 23.49% | 41.48 | 2.05 | 1.63% | -56.71% |
HIG | 23.3B | 22.4B | -16.76% | -3.54% | 11.93 | 1.05 | -0.13% | -23.26% |
Y | 11.4B | 6.8B | 0.57% | 29.95% | 32.11 | 0.97 | -36.57% | -61.35% |
AFG | 10.2B | 7.0B | -13.98% | -9.38% | 11.39 | 1.45 | 7.45% | -54.99% |
| MID-CAP | ||||||||
RNR | 8.6B | 6.3B | -14.12% | 28.23% | -8.11 | 1.36 | 21.94% | -2542.77% |
ESGR | 4.0B | - | -8.96% | -17.12% | -4.13 | 4.2 | -80.45% | -283.49% |
| SMALL-CAP | ||||||||
HMN | 1.4B | 1.4B | -7.46% | -16.42% | -543.45 | 1.02 | 3.97% | -101.82% |
PLMR | 1.4B | 327.1M | 6.70% | -11.03% | 26.51 | 4.23 | 39.88% | 13.79% |
PRA | 1.0B | 1.1B | -7.52% | -28.26% | -2.5K | 0.91 | -1.58% | -100.28% |
JRVR | 812.7M | 813.7M | -5.54% | 1.51% | 26.24 | 1 | 5.28% | 117.92% |
Financials for Hanover Insurance Group
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 1.9% | 5,469 | 5,368 | 5,277 | 5,276 | 5,228 |
| EBITDA | -53.6% | 191 | 412 | 454 | 588 | - |
| EBITDA Margin | -54.5% | 0.03* | 0.08* | 0.09* | 0.11* | - |
| Earnings Before Taxes | -60.4% | 144 | 364 | 406 | 537 | 521 |
| EBT Margin | -61.1% | 0.03* | 0.07* | 0.08* | 0.10* | - |
| Interest Expenses | 0.3% | 34.00 | 34.00 | 34.00 | 34.00 | 34.00 |
| Net Income | -60.2% | 116 | 291 | 325 | 431 | 419 |
| Net Income Margin | -60.9% | 0.02* | 0.05* | 0.06* | 0.08* | - |
| Free Cahsflow | -4.3% | 705 | 736 | 709 | 871 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 1.8% | 13,997 | 13,746 | 13,601 | 13,847 | 14,254 |
| Cash Equivalents | 85.1% | 305 | 165 | 146 | 272 | 231 |
| Goodwill | 0% | 179 | 179 | 179 | 179 | 179 |
| Liabilities | 1.9% | 11,672 | 11,450 | 11,029 | 11,014 | 11,109 |
| Shareholder's Equity | 1.3% | 2,326 | 2,296 | 2,572 | 2,833 | 3,145 |
| Retained Earnings | -1.3% | 2,989 | 3,030 | 3,057 | 3,061 | 2,983 |
| Additional Paid-In Capital | 0.5% | 1,913 | 1,905 | 1,897 | 1,888 | 1,887 |
| Shares Outstanding | 0% | 36.00 | 36.00 | 36.00 | - | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -4.0% | 722 | 752 | 723 | 882 | 824 |
| Share Based Compensation | 3.9% | 29.00 | 28.00 | 26.00 | 24.00 | 23.00 |
| Cashflow From Investing | 15.2% | -507 | -598 | -517 | -493 | -460 |
| Cashflow From Financing | 12.0% | -140 | -159 | -166 | -228 | -253 |
| Dividend Payments | 2.1% | 109 | 107 | 105 | 103 | 102 |
| Buy Backs | -39.4% | 31.00 | 51.00 | 64.00 | 134 | 163 |
Risks for THG
What is the probability of a big loss on THG?
19.6%
Probability that Hanover Insurance Group stock will be more than 20% underwater in next one year
18.5%
Probability that Hanover Insurance Group stock will be more than 30% underwater in next one year.
0%
Probability that Hanover Insurance Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does THG drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Hanover Insurance Group was unfortunately bought at previous high price.
Drawdowns
Returns for THG
Cumulative Returns on THG
14.0%
10-Year Cumulative Returns
8.5%
7-Year Cumulative Returns
4.2%
5-Year Cumulative Returns
8.5%
3-Year Cumulative Returns
What are the long-term rolling returns for THG?
FIve years rolling returns for Hanover Insurance Group.
Annualized Returns
Which funds bought or sold THG recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-13 | Claro Advisors LLC | added | 1.26 | -42,532 | 620,468 | 0.20% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 2.86 | 10,010,000 | 128,123,000 | 0.14% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -3.28 | 1,000 | 90,000 | -% |
2023-03-02 | LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA | new | - | 43,917 | 43,917 | -% |
2023-02-28 | Voya Investment Management LLC | reduced | -40.33 | -3,900,010 | 6,617,990 | 0.01% |
2023-02-24 | NATIXIS | sold off | -100 | -1,051,000 | - | -% |
2023-02-24 | SRS Capital Advisors, Inc. | added | 6.35 | 17,626 | 160,626 | 0.02% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | 41,000 | 784,000 | 0.01% |
2023-02-21 | MACQUARIE GROUP LTD | reduced | -32.01 | -30,670,000 | 77,554,000 | 0.09% |
2023-02-21 | NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC | reduced | -36.03 | -214,152 | 444,848 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Hanover Insurance Group News
Schedule 13G FIlings of Hanover Insurance Group
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 10.44% | 3,712,029 | SC 13G/A | |
| Jan 24, 2023 | blackrock inc. | 9.4% | 3,337,724 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 10.36% | 3,687,024 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 9.0% | 3,185,224 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 10.05% | 3,743,358 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 8.6% | 3,219,346 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 11.21% | 4,416,584 | SC 13G/A | |
| Feb 05, 2020 | blackrock inc. | 9.3% | 3,668,766 | SC 13G |
THG Fair Value
Hanover Insurance Group fair value in different scenarios
The table shows the Fair Value estimates for Hanover Insurance Group for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | - - | - - | - - | - - | - - |
| Current Inflation | 91.38 -28.18% | 110.72 -12.98% | 146.53 15.16% | 210.78 65.66% | 269.09 111.48% |
| Very High Inflation | - - | - - | - - | - - | - - |
Historical Hanover Insurance Group Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Hanover Insurance Group
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 02, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for THG
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-01 | BARNES WARREN E. | sold | -119,396 | 138 | -862 | svp &princpl. accntg. officer |
2023-02-28 | Salvatore Bryan J | sold (taxes) | -202,385 | 139 | -1,451 | executive vice president |
2023-02-28 | Kerrigan Dennis Francis | sold (taxes) | -152,312 | 139 | -1,092 | executive vice president |
2023-02-28 | BARNES WARREN E. | sold (taxes) | -52,444 | 139 | -376 | svp & princpl. accntg. officer |
2023-02-28 | FARBER JEFFREY M | sold (taxes) | -747,613 | 139 | -5,360 | executive vice president |
2023-02-28 | LAVEY RICHARD W | sold (taxes) | -211,452 | 139 | -1,516 | executive vice president |
2023-02-28 | Roche John C | sold (taxes) | -1,397,170 | 139 | -10,017 | president and ceo |
2023-02-28 | Lee Willard T | sold (taxes) | -69,740 | 139 | -500 | executive vice president |
2023-02-27 | Kerrigan Dennis Francis | acquired | - | - | 3,620 | executive vice president |
2023-02-27 | LOVELY DAVID JOHN | acquired | - | - | 670 | executive vice president |
The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers' compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages. The Personal Lines segment provides personal automobile and homeowner's coverages, as well as other personal coverages, such as personal umbrella, inland marine, fire, personal watercraft, personal cyber, and other miscellaneous coverages. The Other segment markets investment management services to institutions, pension funds, and other organizations. The Hanover Insurance Group, Inc. markets its products and services through independent agents and brokers. The company was formerly known as Allmerica Financial Corp. and changed its name to The Hanover Insurance Group, Inc. in December 2005. The Hanover Insurance Group, Inc. was founded in 1852 and is headquartered in Worcester, Massachusetts.
THG Income Statement
2022-12-31Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Revenues | |||
| Premiums | $ 5,252.3 | $ 4,770.2 | $ 4,527.4 |
| Net investment income | 296.3 | 310.7 | 265.1 |
| Net realized and unrealized investment gains (losses): | |||
| Net realized gains (losses) from sales and other | (26.5) | 4.6 | 17.9 |
| Net change in fair value of equity securities | (63.3) | 119.1 | 13.4 |
| Recoveries (Impairments) on Investments [Abstract] | |||
| Credit-related recoveries (impairments) | (1.9) | 0.3 | (9.8) |
| Losses on intent to sell securities | (14.8) | (1.0) | (16.5) |
| Recoveries (impairments) on investments | (16.7) | (0.7) | (26.3) |
| Total net realized and unrealized investment gains (losses) | (106.5) | 123.0 | 5.0 |
| Fees and other income | 26.5 | 23.9 | 27.3 |
| Total revenues | 5,468.6 | 5,227.8 | 4,824.8 |
| Losses and expenses | |||
| Losses and loss adjustment expenses | 3,623.4 | 3,134.2 | 2,845.2 |
| Amortization of deferred acquisition costs | 1,093.2 | 982.7 | 951.0 |
| Interest expense | 34.1 | 34.0 | 37.1 |
| Loss on repayment of debt | 6.2 | ||
| Other operating expenses | 573.9 | 555.6 | 540.5 |
| Total losses and expenses | 5,324.6 | 4,706.5 | 4,380.0 |
| Income from continuing operations before income taxes | 144.0 | 521.3 | 444.8 |
| Income tax expense (benefit): | |||
| Current | 73.7 | 77.5 | 105.9 |
| Deferred | (46.5) | 23.8 | (23.1) |
| Total income tax expense | 27.2 | 101.3 | 82.8 |
| Income from continuing operations | 116.8 | 420.0 | 362.0 |
| Discontinued operations: | |||
| Net income | $ 116.0 | $ 418.7 | $ 358.7 |
| Basic: | |||
| Income from continuing operations | $ 3.28 | $ 11.70 | $ 9.61 |
| Net income per share | $ 3.26 | $ 11.67 | $ 9.52 |
| Weighted average shares outstanding | 35.6 | 35.9 | 37.7 |
| Diluted: | |||
| Income from continuing operations | $ 3.23 | $ 11.52 | $ 9.50 |
| Net income per share | $ 3.21 | $ 11.49 | $ 9.42 |
| Weighted average shares outstanding | 36.1 | 36.4 | 38.1 |
| Chaucer [Member] | |||
| Discontinued operations: | |||
| Income (loss) from discontinued businesses, net of taxes | $ 1.2 | $ 0.4 | |
| Basic: | |||
| Income from Chaucer business, net of taxes | $ 0.03 | $ 0.01 | |
| Diluted: | |||
| Income (loss) from discontinued businesses, net of taxes | $ 0.03 | $ 0.01 | |
| Life [Member] | |||
| Discontinued operations: | |||
| Income (loss) from discontinued businesses, net of taxes | $ (0.8) | $ (2.5) | $ (3.7) |
| Basic: | |||
| Income from Chaucer business, net of taxes | $ (0.02) | $ (0.06) | $ (0.09) |
| Diluted: | |||
| Income (loss) from discontinued businesses, net of taxes | $ (0.02) | $ (0.06) | $ (0.10) |
THG Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Assets | ||
| Fixed maturities, at fair value (amortized cost of $8,294.5 and $7,514.8) | $ 7,481.8 | $ 7,723.9 |
| Equity securities, at fair value | 241.9 | 661.3 |
| Other investments | 786.1 | 767.4 |
| Total investments | 8,509.8 | 9,152.6 |
| Cash and cash equivalents | 305.0 | 230.9 |
| Accrued investment income | 54.5 | 49.8 |
| Premiums and accounts receivable, net | 1,601.4 | 1,469.5 |
| Reinsurance recoverable on paid and unpaid losses and unearned premiums | 1,964.5 | 1,907.3 |
| Deferred acquisition costs | 604.8 | 552.0 |
| Deferred income tax asset | 199.2 | |
| Goodwill | 178.8 | 178.8 |
| Other assets | 493.0 | 606.3 |
| Assets of discontinued businesses | 86.2 | 107.1 |
| Total assets | 13,997.2 | 14,254.3 |
| Liabilities | ||
| Loss and loss adjustment expense reserves | 7,012.6 | 6,447.6 |
| Unearned premiums | 2,954.2 | 2,734.9 |
| Expenses and taxes payable | 731.7 | 907.7 |
| Deferred income tax liability | 60.8 | |
| Reinsurance premiums payable | 70.3 | 55.1 |
| Debt | 782.4 | 781.6 |
| Liabilities of discontinued businesses | 120.4 | 121.7 |
| Total liabilities | 11,671.6 | 11,109.4 |
| Commitments and contingencies | ||
| Shareholders’ Equity | ||
| Preferred stock, par value $0.01 per share; 20.0 million shares authorized; none issued | ||
| Common stock, par value $0.01 per share; 300.0 million shares authorized; 60.5 million shares issued | 0.6 | 0.6 |
| Additional paid-in capital | 1,913.1 | 1,887.2 |
| Accumulated other comprehensive income (loss) | (705.5) | 122.2 |
| Retained earnings | 2,988.8 | 2,983.2 |
| Treasury stock at cost (24.9 and 25.0 million shares) | (1,871.4) | (1,848.3) |
| Total shareholders’ equity | 2,325.6 | 3,144.9 |
| Total liabilities and shareholders’ equity | $ 13,997.2 | $ 14,254.3 |