The Hanover Insurance Group Inc - Company Profile
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The Hanover Insurance Group Inc (THG) is a holding company that operates primarily in the property and casualty insurance sector. The company's main activities include providing a range of insurance products and services. Its major products encompass commercial multiple peril, commercial automobile, workers’ compensation, and specialty insurance lines. The company's products serve small to mid-sized businesses across various industries such as technology, human services, manufacturing, and retail. THG distributes its products primarily through a network of independent agents and brokers. THG is headquartered in Worcester, Massachusetts, the US.
Headquarters
United States of America
Address
440 Lincoln St, Worcester, Massachusetts, 01653-0002
Website
www.hanover.com
Telephone
1 302 6587581
No of Employees
4,900
Industry
Financial Services
Ticker Symbol & Exchange
THG (NYSE)
Revenue (2024)
$6.6B
5.6%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
55.5%
(2024 vs 2023)
Market Cap*
$8.1B
Net Profit Margin (2024)
XYZ
47.2%
(2024 vs 2023)
* As of and is in US$
The Hanover Insurance Group Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Insurance: | Investment Advisory |
| Auto | Claims Management |
| Collector car | Risk Management |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | New Products/Services | In April, the company launched its Hanover CyberSecure Program, a proactive cyber risk management program. |
| 2023 | New Products/Services | In January, the company launched a specialty general liability offering. |
| 2022 | Others | In July, the company announced the launch of its Hanover i-on Sensor Program. |
Competitor Comparison
| Key Parameters | The Hanover Insurance Group Inc | CNA Financial Corp | Cincinnati Financial Corp | American Financial Group Inc | Mercury General Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Worcester | Chicago | Fairfield | Cincinnati | Los Angeles |
| State/Province | Massachusetts | Illinois | Ohio | Ohio | California |
| No. of Employees | 4,900 | 6,600 | 5,705 | 8,500 | 4,300 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| John C. Roche | Chief Executive Officer; President; Director | Executive Board | 2017 | 62 |
| Cynthia L. Egan | Chairwoman | Executive Board | 2020 | 69 |
| Jeffrey M. Farber | Chief Financial Officer; Executive Vice President | Senior Management | - | 61 |
| Richard W. Lavey | Chief Operating Officer | Senior Management | 2025 | 58 |
| Willard T. Lee | Chief Information and Innovation Officer; Executive Vice President | Senior Management | 2021 | 56 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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