The Hanover Insurance Group Inc - Company Profile
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The Hanover Insurance Group Inc (THG) is an insurance holding group. It offers a range of property and casualty products and services to businesses, individuals, and families through a select group of independent agents across the US. Its personal insurance portfolio includes auto, home, umbrella, watercraft and toys, valuable items, and identity protection insurance. The business insurance portfolio includes small businesses, mid-sized businesses, industrial risks, international risks, management liability, marine, professional liability and surety insurance. It also offers claims management and risk management services. THG is headquartered in Worcester, Massachusetts, the US.
Headquarters
United States of America
Address
440 Lincoln St, Worcester, Massachusetts, 1653
Website
www.hanover.com
Telephone
1 508 8551000
No of Employees
4,600
Industry
Financial Services
Ticker Symbol & Exchange
THG (NYSE)
Revenue (2022)
$5.5B
8.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-72.3%
(2022 vs 2021)
Market Cap*
$4.5B
Net Profit Margin (2022)
XYZ
-74.5%
(2022 vs 2021)
* As of and is in US$
The Hanover Insurance Group Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Business Insurance: | Investment Advisory |
| Small Commercial and Middle Market Core | |
| Business Owner’s Policy | |
| 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 | American International Group Inc (AIG) | The Allstate Corp | State Farm Mutual Automobile Insurance Co | Chubb Ltd |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | Switzerland |
| City | Worcester | New York | Northbrook | Bloomington | Zuerich |
| State/Province | Massachusetts | New York | Illinois | Illinois | - |
| No. of Employees | 4,600 | 26,200 | 54,000 | 53,000 | 34,000 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| John C. Roche | Chief Executive Officer; Director; President | Executive Board | 2017 | 59 |
| Cynthia L. Egan | Chairperson | Executive Board | 2020 | 67 |
| Jeffrey M. Farber | Executive Vice President; Chief Financial Officer | Senior Management | - | 58 |
| David J. Lovely | Executive Vice President; Chief Claims Officer | Senior Management | 2023 | 60 |
| Willard T. Lee | Chief Information and Innovation Officer; Executive Vice President | Senior Management | 2021 | 53 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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