Hanover Insurance Group Inc (THG) Financial Statements (2024 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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments400416547564576879
Cash and cash equivalents168182305165146272
Short-term investments233235242400430607
Total current assets:400416547564576879
Noncurrent Assets
Intangible assets, net (including goodwill)179179194179179179
Goodwill179179179179179179
Intangible assets, net (excluding goodwill)   16   
Deferred income tax assets20418119921113543
Total noncurrent assets:383360394390313222
Other undisclosed assets13,40413,31613,05712,79212,71212,746
TOTAL ASSETS:14,18714,09213,99713,74613,60113,847
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities11,94911,70311,67211,45011,02911,014
Total liabilities:11,94911,70311,67211,45011,02911,014
Equity
Equity, attributable to parent2,2382,3892,3262,2962,5722,833
Common stock111111
Treasury stock, value(1,868)(1,869)(1,871)(1,873)(1,862)(1,860)
Additional paid in capital1,9231,9141,9131,9051,8971,888
Accumulated other comprehensive loss(671)(608)(706)(766)(520)(257)
Retained earnings2,8532,9522,9893,0303,0573,061
Total equity:2,2382,3892,3262,2962,5722,833
TOTAL LIABILITIES AND EQUITY:14,18714,09213,99713,74613,60113,847

Income Statement (P&L) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,5041,4441,4791,3661,2931,331
Premiums earned, net1,4121,3801,3641,3311,2941,264
Cost of revenue(1,433)(1,306)(1,335)(1,217)(1,115)(1,050)
Policyholder benefits and claims incurred, net(1,140)(1,017)(1,051)(940)(846)(788)
Deferred policy acquisition costs, amortization expense(293)(289)(284)(277)(269)(263)
Gross profit:72138144150178280
Operating expenses(162)(156)(161)(148)(149)(152)
Other undisclosed operating income (loss)1132(22)538626
Operating income (loss):(79)13(38)54115154
Nonoperating income (expense)  1(107)   
Investment income, nonoperating   (107)   
Other nonoperating income (expense)  1(1)   
Interest and debt expense(9)(9)(9)(9)(9)(9)
Income (loss) from continuing operations before equity method investments, income taxes:(88)6(154)45107146
Other undisclosed income (loss) from continuing operations before income taxes(3)(23)139(45)(78)(16)
Income (loss) from continuing operations before income taxes:(91)(18)(15)128130
Income tax expense (benefit)21630(5)(25)
Income (loss) from continuing operations:(70)(12)(12)123105
Income before gain (loss) on sale of properties:123105
Other undisclosed net income (loss)   0  (1)
Net income (loss):(70)(12)(12)123105
Other undisclosed net income (loss) attributable to parent1  (0)(0) 
Net income (loss) available to common stockholders, diluted:(69)(12)(12)023105

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(70)(12)(12)123105
Other comprehensive income (loss)(63)9461(246)(263)(379)
Comprehensive income (loss):(133)8249(246)(241)(274)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1  (0)(0) 
Comprehensive income (loss), net of tax, attributable to parent:(132)8249(246)(241)(274)

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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