The Hanover Insurance Group, Inc. (THG) financial statements (2020 and earlier)

Company profile

Business Address 440 LINCOLN ST
WORCESTER, MA 01653
State of Incorp. DE
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7911,485376283339373486
Cash and cash equivalents2161,021376283339373486
Short-term investments576464     
Disposal group, including discontinued operation 3     
Total current assets:7911,488376283339373486
Noncurrent Assets
Intangible assets, net (including goodwill)194194193185186185185
Goodwill179179193185186185185
Intangible assets, net (excluding goodwill)1515     
Regulated entity, other noncurrent assets      2
Total noncurrent assets:194194193185186185187
Other undisclosed assets11,50510,71814,90113,75313,26613,20212,706
TOTAL ASSETS:12,49112,40015,47014,22013,79113,76013,379
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 193     
Interest and dividends payable 193     
Liability for uncertainty in income taxes      5
Total current liabilities: 193    5
Noncurrent Liabilities
Liabilities, other than long-term debt52      
Deferred income tax liabilities52
Total noncurrent liabilities:52      
Other undisclosed liabilities9,5239,25212,47211,36310,94710,91610,779
Total liabilities:9,5749,44512,47211,36310,94710,91610,784
Stockholders' equity
Stockholders' equity attributable to parent2,9162,9552,9982,8582,8442,8442,595
Common stock1111111
Treasury stock, value(1,485)(984)(943)(928)(847)(752)(763)
Additional paid in capital1,8371,8721,8571,8471,8341,8311,830
Accumulated other comprehensive income (loss)153(117)1086354206178
Retained earnings2,4112,1821,9751,8761,8041,5591,349
Total stockholders' equity:2,9162,9552,9982,8582,8442,8442,595
TOTAL LIABILITIES AND EQUITY:12,49112,40015,47014,22013,79113,76013,379

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,8914,4945,1844,9465,0345,0684,794
Premiums earned, net4,475 
Financial services revenue4,8634,6584,7354,7474,487
Cost of revenue(3,792)(892)(4,215)(4,000)(3,917)(3,968)(2,761)
Policyholder benefits and claims incurred, net(2,866) 
Deferred policy acquisition costs, amortization expense(927)(892)(1,087)(1,035)(1,033)(1,040)971
Financial services costs(3,129)(2,965)(2,884)(2,928)(2,761)
Gross profit:1,0993,6039699461,1171,1002,033
Operating expenses(579)76(680)(612)(656)(716)(707)
Other undisclosed operating income (loss)(66)(3,272)47  22(932)
Operating income:454407336334461406393
Nonoperating income106 313138320263
Investment income, nonoperating109 322138320263
Interest and debt expense(38)(28)(49)(143)(60)(65)(113)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (299)  (283)(214)
Income from continuing operations before equity method investments, income taxes:522378302192439378329
Other undisclosed loss from continuing operations before income taxes (96)   (37)(1)
Income from continuing operations before income taxes:522283302192439341328
Income tax expense(93) (99)(36)(109)(96)(83)
Income from continuing operations:429283203156331245245
Income (loss) from discontinued operations 0(17)(1)1(0)5
Income before gain (loss) on sale of properties:429283186155332245250
Other undisclosed net income (loss)(4)108     
Net income:425391186155332245250
Other undisclosed net income attributable to parent     371
Net income available to common stockholders, diluted:425391186155332282251

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:425391186155332245250
Other comprehensive income (loss)268(122)459(153)29(148)
Comprehensive income:693269231164179274102
Other undisclosed comprehensive income, net of tax, attributable to parent     371
Comprehensive income, net of tax, attributable to parent:693269231164179311103

Statements sources

The financial statements are based on the company's filings with the 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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