Hanover Insurance Group Inc (THG) Financial Statements (2025 and earlier)
Company Profile
Business Address |
440 LINCOLN ST WORCESTER, MA 01653 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 447 | 547 | 892 | 719 | 791 | 1,485 | |||
Cash and cash equivalents | 316 | 305 | 231 | 121 | 216 | 1,021 | |||
Short-term investments | 131 | 242 | 661 | 599 | 576 | 464 | |||
Disposal group, including discontinued operation | 3 | ||||||||
Total current assets: | 447 | 547 | 892 | 719 | 791 | 1,488 | |||
Noncurrent Assets | |||||||||
Intangible assets, net (including goodwill) | 194 | 194 | 194 | 194 | 194 | 194 | |||
Goodwill | 179 | 179 | 179 | 179 | 179 | 179 | |||
Intangible assets, net (excluding goodwill) | 16 | 16 | 15 | 15 | 15 | 15 | |||
Deferred income tax assets | 173 | 199 | ✕ | ||||||
Total noncurrent assets: | 368 | 394 | 194 | 194 | 194 | 194 | |||
Other undisclosed assets | 13,798 | 13,057 | 13,168 | 12,531 | 11,505 | 10,718 | |||
TOTAL ASSETS: | 14,613 | 13,997 | 14,254 | 13,444 | 12,491 | 12,400 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 193 | ||||||||
Interest and dividends payable | ✕ | ✕ | ✕ | 193 | |||||
Total current liabilities: | 193 | ||||||||
Noncurrent Liabilities | |||||||||
Liabilities, other than long-term debt | 61 | 97 | 52 | ||||||
Deferred income tax liabilities | 61 | 97 | 52 | ✕ | |||||
Total noncurrent liabilities: | 61 | 97 | 52 | ||||||
Other undisclosed liabilities | 12,147 | 11,672 | 11,049 | 10,144 | 9,523 | 9,252 | |||
Total liabilities: | 12,147 | 11,672 | 11,109 | 10,242 | 9,574 | 9,445 | |||
Equity | |||||||||
Equity, attributable to parent | 2,466 | 2,326 | 3,145 | 3,202 | 2,916 | 2,955 | |||
Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
Treasury stock, value | (1,866) | (1,871) | (1,848) | (1,696) | (1,485) | (984) | |||
Additional paid in capital | 1,939 | 1,913 | 1,887 | 1,857 | 1,837 | 1,872 | |||
Accumulated other comprehensive income (loss) | (517) | (706) | 122 | 373 | 153 | (117) | |||
Retained earnings | 2,909 | 2,989 | 2,983 | 2,668 | 2,411 | 2,182 | |||
Total equity: | 2,466 | 2,326 | 3,145 | 3,202 | 2,916 | 2,955 | |||
TOTAL LIABILITIES AND EQUITY: | 14,613 | 13,997 | 14,254 | 13,444 | 12,491 | 12,400 |
Income Statement (P&L) ($ in millions)
9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
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Revenues | 5,994 | 5,469 | 5,228 | 4,827 | 4,891 | 4,494 | ||
Premiums earned, net | 5,663 | 5,252 | 4,770 | 4,527 | 4,475 | |||
Cost of revenue | (5,311) | (4,717) | (4,117) | (3,796) | (3,792) | (892) | ||
Policyholder benefits and claims incurred, net | (4,135) | (3,623) | (3,134) | (2,845) | (2,866) | |||
Deferred policy acquisition costs, amortization expense | (1,176) | (1,093) | (983) | (951) | (927) | (892) | ||
Gross profit: | 683 | 752 | 1,111 | 1,031 | 1,099 | 3,603 | ||
Operating expenses | (645) | (616) | (595) | (581) | (579) | 76 | ||
Other undisclosed operating income (loss) | 68 | 149 | (83) | 35 | (66) | (3,272) | ||
Operating income: | 106 | 285 | 432 | 485 | 454 | 407 | ||
Nonoperating income (expense) | (30) | (107) | 123 | 3 | 106 | |||
Investment income, nonoperating | (33) | (107) | 123 | 5 | 109 | |||
Other nonoperating income (expense) | 2 | (1) | (2) | (3) | ||||
Interest and debt expense | (34) | (34) | (34) | (43) | (38) | (28) | ||
Income from continuing operations before equity method investments, income taxes: | 41 | 144 | 521 | 445 | 522 | 378 | ||
Other undisclosed loss from continuing operations before income taxes | (96) | |||||||
Income from continuing operations before income taxes: | 41 | 144 | 521 | 445 | 522 | 283 | ||
Income tax expense | (8) | (27) | (101) | (83) | (93) | |||
Income from continuing operations: | 34 | 117 | 420 | 362 | 429 | 283 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 420 | 363 | 429 | 283 | |
Income from discontinued operations | 0 | 1 | 0 | |||||
Other undisclosed net income (loss) | 2 | (1) | (1) | (4) | (4) | 108 | ||
Net income: | 35 | 116 | 419 | 359 | 425 | 391 | ||
Other undisclosed net income attributable to parent | ||||||||
Net income available to common stockholders, diluted: | 35 | 116 | 419 | 359 | 425 | 391 |
Comprehensive Income ($ in millions)
9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
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Net income: | 35 | 116 | 419 | 359 | 425 | 391 | ||
Other comprehensive income (loss) | 184 | (828) | (250) | 220 | 268 | (122) | ||
Comprehensive income (loss): | 220 | (712) | 168 | 579 | 693 | 269 | ||
Other undisclosed comprehensive income, net of tax, attributable to parent | ||||||||
Comprehensive income (loss), net of tax, attributable to parent: | 220 | (712) | 168 | 579 | 693 | 269 |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.