245.23
+0.96%
Close of 9 Nov 2026, in USD
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About Hanover Insurance Group
From its filings with the US Securities and Exchange Commission
Hanover Insurance Group is based in Worcester, Massachusetts and is incorporated in Delaware. Its shares trade on NYSE under the ticker THG. The SEC classifies its business as fire, marine & casualty insurance. In the fiscal year to 31 December 2025, it reported revenue of $6.59bn and net income of $662.5m. At that date it held total assets of $16.95bn and shareholders' equity of $3.57bn.
The Hanover Insurance Group, Inc. (“THG” or the “Company”) is a holding company organized as a Delaware corporation in 1995. We trace our roots to as early as 1852, when The Hanover Fire Insurance Company was founded. Our primary business operations are property and casualty insurance products and services. We market our products and services through independent agents and brokers in the United States (“U.S.”). Our consolidated financial statements include the accounts of THG; The Hanover Insurance Company (“Hanover Insurance”) and Citizens Insurance Company of America (“Citizens”), which are our principal property and casualty subsidiaries; and other insurance and non-insurance subsidiaries.
We conduct our business operations through four reporting segments: Core Commercial, Specialty, Personal Lines and Other. Interest expense related to our corporate debt is reported separately from the earnings of these reporting segments. In our Core Commercial, Specialty and Personal Lines segments, we underwrite our insurance products through Hanover Insurance, Citizens and other THG subsidiaries. We distribute them through select independent agents and brokers throughout the U.S. Our Other segment is comprised primarily of earnings and expenses related to our holding company.
Quoted from its 10-K, filed 20 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Insurance
- Listed since
- 11 Oct 1995
- Employees
- 4,900
- Website
- hanover.com ↗
- Head office
- 440 LINCOLN ST, WORCESTER, MA, 01653
- Incorporated in
- DE
- Classification
- Fire, Marine & Casualty Insurance
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Ms. Cynthia EganIndependent Chairman of the Board$396,000
- Mr. John RochePresident, Chief Executive Officer, Director, since 2006$9.6m
- Mr. Jeffrey FarberChief Financial Officer, Executive Vice President$4.2m
- Mr. Richard LaveyChief Operating Officer, Executive Vice President$3.1m
- Ms. Denise LowsleyExecutive Vice President, Chief Human Resources Officer
- Mr. Willard LeeExecutive Vice President, Chief Information and Innovation Officer
- Mr. Dennis KerriganExecutive Vice President, General Counsel, Chief Legal Officer, Assistant Secretary$2.0m
- Mr. David LovelyExecutive Vice President and Chief Claims Officer
- Mr. Bryan SalvatoreExecutive Vice President, President - Specialty$2.9m
- Mr. Francisco AristeguietaIndependent Director$265,000
- Mr. Kevin BradicichIndependent Director$266,000
- Mr. Theodore BuntingIndependent Director$270,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 75
- Environment
- 81
- Social
- 76
- Governance
- 68
- Direct emissions (scope 1)
- 5,023 t
- Energy emissions (scope 2)
- 5,749 t
- Value chain emissions (scope 3)
- 1,294 t
- Women in the workforce
- 59.1%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Strong financial position: Hanover Insurance Group Inc has a solid financial standing, enabling it to withstand market uncertainties and invest in growth opportunities.
- Diverse insurance portfolio: The company offers a wide range of insurance products and services, including property, casualty, and specialty lines, catering to various customer needs.
- Established brand reputation: Hanover Insurance Group Inc has built a strong brand reputation over the years, known for its quality service, reliability, and customer-centric approach.
- Robust distribution network: The company has a well-established distribution network, including agency partnerships and digital platforms, allowing it to reach a large customer base effectively.
Weaknesses
- Limited global presence: Hanover Insurance Group Inc primarily operates in the United States, which limits its exposure to international markets and potential growth opportunities.
- Dependence on external partners: The company relies heavily on independent agents for sales and distribution, which could create challenges in terms of control over customer experience and market reach.
- Vulnerability to catastrophic events: As an insurance company, Hanover Insurance Group Inc is exposed to risks associated with catastrophic events, such as natural disasters, which could impact its financial performance.
Opportunities
- Technological advancements: Embracing emerging technologies, such as data analytics, artificial intelligence, and digital platforms, can enhance Hanover Insurance Group Inc's operational efficiency, risk assessment, and customer experience.
- Strategic partnerships: Collaborating with other industry players or entering into strategic alliances can help Hanover Insurance Group Inc expand its market reach, offer innovative solutions, and tap into new customer segments.
- Growing demand for specialty insurance: The increasing need for specialized insurance coverage, such as cybersecurity, climate-related risks, and niche industries, presents an opportunity for Hanover Insurance Group Inc to develop tailored products and gain a competitive advantage.
Threats
- Intense competition: The insurance industry is highly competitive, with numerous established players and new entrants. Hanover Insurance Group Inc may face challenges in maintaining market share and pricing power.
- Regulatory and legal complexities: Compliance with evolving regulations, legal liabilities, and changes in government policies pose a significant threat to Hanover Insurance Group Inc's operations, potentially leading to increased costs and limitations.
- Economic downturns: Economic recessions and downturns can impact the demand for insurance products and investments, affecting the growth and profitability of Hanover Insurance Group Inc.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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