Hanover Insurance (THG)
Financials · Property and Casualty Insurance
A diversified property and casualty insurer offering commercial, personal, and specialty coverage through independent agents with $11.5 billion in investment assets backing its underwriting operations.
What Hanover Insurance does
The Hanover Insurance Group is a property and casualty insurance company offering commercial lines, personal lines, and specialty insurance products. The company underwrites workers' compensation, commercial multiple peril, personal auto, homeowners, and surety insurance through a network of independent agents and direct channels. It generates revenue from premiums and investment income from a portfolio of approximately $11.5 billion in fixed maturities, equity securities, and other investments.
Themes: ["Property & casualty insurance","Commercial lines underwriting","Personal lines insurance","Workers' compensation","Surety insurance"]
Fundamentals
- Price$214.34 as of 2026-07-09 close
- Market cap$7.5B as of 2026-07-10
- 1-year return+29.3% as of 2026-07-09 close
- P/E10.41 as of 2026-07-10
- Net margin+10.8% as of 2026-07-10
- ROE+20.9% as of 2026-07-10
- Debt / equity0.24 as of 2026-07-10
- Revenue growth (YoY)+6.2% as of 2026-07-10
- Revenue CAGR (3y)+6.4% SEC XBRL
- Beta0.29 as of 2026-07-10
Dividend: yield +1.8%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Economic downturn could reduce demand for insurance, increase claims frequency (particularly workers' compensation and surety), and reduce pricing power as customers become more price-sensitive and shop more aggressively.","Long-term care pool reserves and accident & health reinsurance carry significant tail risk; if morbidity, lapse, or inflation protection assumptions prove inaccurate, reserves may be inadequate and material losses could occur.","Investment portfolio of $11.5 billion exposed to bond, stock, real estate, and market fluctuations; adverse capital markets conditions, interest rate changes, and geopolitical risks could materially reduce investment returns and shareholders' equity."]
Competitors & peers
- State Auto Financial Corporation (STAF)
- Mercury General Corporation (MCG)
- Heritage Insurance Holdings (HRTG)
- Selective Insurance Group (SIGI)
- Kemper Corporation (KMPR)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.