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The Hanover Insurance (THG) Company Profile

Updated Sep 9, 2019
The Hanover Insurance has the following business profile:
Company's Full Name:The Hanover Insurance Group, Inc.
Short Name:The Hanover Insurance
Trading Ticker Symbol:THG
Primary Exchange:NYSE
Headquarter City/Country:Massachusetts, MA
Primary Industry Sector:Finance
Seconday Sub-sector:Property-Casualty Insurers
Main Business Areas: Finance, Property-Casualty Insurers, Financial Services, Property & Casualty Insurance
Dividend Payments:Dividend History

Market and Trading Information for The Hanover Insurance

The following details were available for trading and market data about the stock of The Hanover Insurance as of writing:
Current Share Price:$133.95
Previous Year's Closing Price:$111.94
Percentage Price Change (YTD):19.66%
Market Cap:$5.26 billion
52-week Price Range:$104.59 - $135.49
Dividend Per Share:$2.34
EPS (TTM):10
Price-Earnings (Trailing):13.39
Price-Earnings (Forward):14.82

Company Profile and Business Description for The Hanover Insurance

The Hanover Insurance Group, Inc., incorporated on January 12, 1995, is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. The Company markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd's (Lloyd's).

Commercial Lines

The Company's Commercial Lines product suite provides agents and customers with products designed for small, middle and specialized markets. Its Commercial Lines coverages include commercial multiple peril, commercial automobile coverage, workers' compensation coverage and other commercial lines. Its commercial multiple peril coverage insures businesses against third-party general liability from accidents occurring on their premises or arising out of their operations, such as injuries sustained from products sold. It also insures business property for damage, such as that caused by fire, wind, hail, water damage (which may include flood), theft and vandalism. Its commercial automobile coverage insures businesses against losses incurred from personal bodily injury, bodily injury to third parties, property damage to an insured's vehicle and property damage to other vehicles and property. Its workers' compensation coverage insures employers against employee medical and indemnity claims resulting from injuries related to work.

The Company's other commercial lines include inland marine coverage, which insures businesses against physical losses to property, such as contractor's equipment, builders' risk and goods in transit, and also covers jewelers block, fine art and other valuables, and AIX Holdings, Inc. (AIX) program business, which provides coverage to markets where there are specialty coverage or risk management needs, including commercial multiple peril, workers' compensation, commercial automobile, general liability and other commercial coverages. Its other commercial lines also include management and professional liability coverage, which provides protection for directors and officers of companies that may be sued in connection with their performance, and errors and omissions protection to companies and individuals against negligence or bad faith, as well as protection for employment practices liability and fidelity and crime, and surety, which provides businesses with contract surety coverage in the event of performance or non-payment claims, and commercial surety coverage related to fiduciary or regulatory obligations. Its other commercial lines include specialty property, which provides insurance to small and medium-sized chemical, paint, solvent and other related manufacturing and distribution companies, and other commercial lines coverages, which include monoline general liability, umbrella, healthcare and miscellaneous commercial property.

Personal Lines

The Company's Personal Lines coverages include personal automobile coverage, which insures individuals against losses incurred from personal bodily injury, bodily injury to third parties, property damage to an insured's vehicle, and property damage to other vehicles and other property, and homeowners coverage, which insures individuals for losses to their residences and personal property, such as those caused by fire, wind, hail, water damage (excluding flood), theft and vandalism, and against third-party liability claims. Its Personal Lines coverages also include other personal lines, which consist of personal inland marine, umbrella, fire, personal watercraft, earthquake and other miscellaneous coverages.

Chaucer

The Chaucer segment consists of international business written through Lloyd's, including marine and aviation, property, energy, and casualty and other. The marine and aviation business includes direct, facultative and treaty business. The marine account provides cover for hull, liability, war, terrorism, aviation war, cargo, political risk and trade credit, specie, fine art, and ports and terminals. The aviation account insures airline hull and liability, general aviation, refuellers, aviation products and satellite. The property business includes treaty business, as well as direct and facultative coverage for commercial and industrial risks against physical damage and business interruption. The energy business consists of exploration and production, construction, downstream, operational power and renewables, insuring against physical damage, business interruption, control of well, seepage and pollution and liabilities. Its energy business also includes a nuclear account, which provides coverage across the nuclear fuel cycle from raw uranium and nuclear fuel to the shipment and storage of waste. Its casualty and other business provides liability coverage internationally, including its expanded United States casualty business, for professional and commercial risks on a direct and treaty basis, credit and bond, crime and professional liability coverage for financial institutions, medical malpractice, excess workers' compensation, and accident and health.

Other

The Other segment consists of Opus Investment Management, Inc. (Opus), which provides investment advisory services to affiliates. The Opus manages the Company's assets for unaffiliated institutions, such as insurance companies, retirement plans and foundations; earnings on holding company assets, and its discontinued voluntary pools business.

440 LINCOLN ST

Peer / Competitor Companies of Property-Casualty Insurers Sector

Along with The Hanover Insurance Group, Inc., the following other peer (competitor) companies also exist within the same Property-Casualty Insurers - Finance sector whose company profile and dividend history is as follows:

▶ 1347 Property Insurance (PIH): 1347 Property Insurance Holdings, Inc., incorporated on October 2, 2012, is a holding company. The Company, through its subsidiaries, is engaged providing property and casualty insurance. The Company offers homeowners ....See Detailed Company Profile  and Dividend History.

▶ Alleghany (Y): Alleghany Corporation, incorporated on November 16, 1984, is an insurance holding company. The Company, through its subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries, is engaged in the property ....See Detailed Company Profile  and Dividend History.

▶ Allied World Assurance AG (AWH): Allied World Assurance Company Holdings, AG, incorporated on May 12, 2010, is a holding company. The Company provides property, casualty and specialty insurance and reinsurance solutions to clients around the ....See Detailed Company Profile  and Dividend History.

▶ Allstate (ALL): The Allstate Corporation (Allstate), incorporated on November 5, 1992, is a holding company for Allstate Insurance Company. The Companys business is conducted principally through Allstate Insurance Company, Allstate Life Insurance ....See Detailed Company Profile  and Dividend History.

▶ Ambac Financial (AMBC): Ambac Financial Group, Inc. (Ambac), incorporated on April 29, 1991, is a financial services holding company. The Company operates through two segments: Financial Guarantee and Financial Services. The Financial Guarantee ....See Detailed Company Profile  and Dividend History.

▶ Ambac Financial (AMBCW): ....See Detailed Company Profile  and Dividend History.

▶ American Financial (AFA): American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses ....See Detailed Company Profile  and Dividend History.

▶ American Financial (AFG): American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses ....See Detailed Company Profile  and Dividend History.

▶ American Financial (AFGE): American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses ....See Detailed Company Profile  and Dividend History.

▶ American Financial (AFGH): American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses ....See Detailed Company Profile  and Dividend History.

▶ American Financial (AFW): American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses ....See Detailed Company Profile  and Dividend History.

▶ American International (AIG): American International Group, Inc. (AIG), incorporated on June 9, 1967, is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other ....See Detailed Company Profile  and Dividend History.

▶ AMERISAFE (AMSF): Amerisafe, Inc., incorporated on October 28, 1985, is an insurance holding company. The Company is engaged in providing workers compensation insurance focused on small to mid-sized employers engaged in hazardous ....See Detailed Company Profile  and Dividend History.

▶ AmTrust Financial (AFSI): Amtrust Financial Services, Inc. (AmTrust), incorporated on November 7, 1990, is an insurance holding company. The Company, through its subsidiaries, provides specialty property and casualty insurance focusing on workers compensation ....See Detailed Company Profile  and Dividend History.

▶ AmTrust Financial (AFSS): Amtrust Financial Services, Inc. (AmTrust), incorporated on November 7, 1990, is an insurance holding company. The Company, through its subsidiaries, provides specialty property and casualty insurance focusing on workers compensation ....See Detailed Company Profile  and Dividend History.

▶ AmTrust Financial (AFST): Amtrust Financial Services, Inc. (AmTrust), incorporated on November 7, 1990, is an insurance holding company. The Company, through its subsidiaries, provides specialty property and casualty insurance focusing on workers compensation ....See Detailed Company Profile  and Dividend History.

▶ Arch Capital (ACGL): Arch Capital Group Ltd. (ACGL), incorporated on September 22, 2000, provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. The Company provides a range of property, casualty and ....See Detailed Company Profile  and Dividend History.

▶ Arch Capital (ACGLP): Arch Capital Group Ltd. (ACGL), incorporated on September 22, 2000, provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. The Company provides a range of property, casualty and ....See Detailed Company Profile  and Dividend History.

▶ Aspen Insurance (AHL): Aspen Insurance Holdings Limited, incorporated on May 23, 2002, is a holding company. The Company underwrites specialty insurance and reinsurance on a global basis. It manages its insurance and reinsurance ....See Detailed Company Profile  and Dividend History.

▶ Assured Guaranty (AGO): Assured Guaranty Ltd., incorporated on August 21, 2003, is a holding company. The Company, through its subsidiaries, provides credit protection products to the United States and international public finance, including ....See Detailed Company Profile  and Dividend History.

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