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 investments4475478927197911,485
Cash and cash equivalents3163052311212161,021
Short-term investments131242661599576464
Disposal group, including discontinued operation      3
Total current assets:4475478927197911,488
Noncurrent Assets
Intangible assets, net (including goodwill)194194194194194194
Goodwill179179179179179179
Intangible assets, net (excluding goodwill) 161615151515
Deferred income tax assets173199   
Total noncurrent assets:368394194194194194
Other undisclosed assets13,79813,05713,16812,53111,50510,718
TOTAL ASSETS:14,61313,99714,25413,44412,49112,400
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   619752 
Deferred income tax liabilities   619752
Total noncurrent liabilities:   619752 
Other undisclosed liabilities12,14711,67211,04910,1449,5239,252
Total liabilities:12,14711,67211,10910,2429,5749,445
Equity
Equity, attributable to parent2,4662,3263,1453,2022,9162,955
Common stock111111
Treasury stock, value(1,866)(1,871)(1,848)(1,696)(1,485)(984)
Additional paid in capital1,9391,9131,8871,8571,8371,872
Accumulated other comprehensive income (loss)(517)(706)122373153(117)
Retained earnings2,9092,9892,9832,6682,4112,182
Total equity:2,4662,3263,1453,2022,9162,955
TOTAL LIABILITIES AND EQUITY:14,61313,99714,25413,44412,49112,400

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
Revenues5,9945,4695,2284,8274,8914,494
Premiums earned, net5,6635,2524,7704,5274,475 
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:6837521,1111,0311,0993,603
Operating expenses(645)(616)(595)(581)(579)76
Other undisclosed operating income (loss)68149(83)35(66)(3,272)
Operating income:106285432485454407
Nonoperating income (expense)(30)(107)1233106 
Investment income, nonoperating(33)(107)1235109 
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:41144521445522378
Other undisclosed loss from continuing operations before income taxes     (96)
Income from continuing operations before income taxes:41144521445522283
Income tax expense(8)(27)(101)(83)(93) 
Income from continuing operations:34117420362429283
Income before gain (loss) on sale of properties:420363429283
Income from discontinued operations 0  1 0
Other undisclosed net income (loss)2(1)(1)(4)(4)108
Net income:35116419359425391
Other undisclosed net income attributable to parent      
Net income available to common stockholders, diluted:35116419359425391

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
Net income:35116419359425391
Other comprehensive income (loss)184(828)(250)220268(122)
Comprehensive income (loss):220(712)168579693269
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:220(712)168579693269

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.

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