The Hanover Insurance Group, Inc. (THG) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7197911,485376283339373
Cash and cash equivalents1212161,021376283339373
Short-term investments599576464    
Disposal group, including discontinued operation  3    
Total current assets:7197911,488376283339373
Noncurrent Assets
Intangible assets, net (including goodwill)194194194193185186185
Goodwill179179179193185186185
Intangible assets, net (excluding goodwill)151515    
Total noncurrent assets:194194194193185186185
Other undisclosed assets12,53111,50510,71814,90113,75313,26613,202
TOTAL ASSETS:13,44412,49112,40015,47014,22013,79113,760
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 debt9752     
Deferred income tax liabilities9752
Total noncurrent liabilities:9752     
Other undisclosed liabilities10,1449,5239,25212,47211,36310,94710,916
Total liabilities:10,2429,5749,44512,47211,36310,94710,916
Stockholders' equity
Stockholders' equity attributable to parent3,2022,9162,9552,9982,8582,8442,844
Common stock1111111
Treasury stock, value(1,696)(1,485)(984)(943)(928)(847)(752)
Additional paid in capital1,8571,8371,8721,8571,8471,8341,831
Accumulated other comprehensive income (loss)373153(117)1086354206
Retained earnings2,6682,4112,1821,9751,8761,8041,559
Total stockholders' equity:3,2022,9162,9552,9982,8582,8442,844
TOTAL LIABILITIES AND EQUITY:13,44412,49112,40015,47014,22013,79113,760

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,8274,8914,4945,1844,9465,0345,068
Premiums earned, net4,5274,475 
Financial services revenue4,8634,6584,7354,747
Cost of revenue(3,796)(3,792)(892)(4,215)(4,000)(3,917)(3,968)
Policyholder benefits and claims incurred, net(2,845)(2,866) 
Deferred policy acquisition costs, amortization expense(951)(927)(892)(1,087)(1,035)(1,033)(1,040)
Financial services costs(3,129)(2,965)(2,884)(2,928)
Gross profit:1,0311,0993,6039699461,1171,100
Operating expenses(581)(579)76(680)(612)(656)(716)
Other undisclosed operating income (loss)35(66)(3,272)47  22
Operating income:485454407336334461406
Nonoperating income3106 313138320
Investment income, nonoperating5109 322138320
Other nonoperating expense(2)(3) (10)   
Interest and debt expense(43)(38)(28)(49)(143)(60)(65)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (299)  (283)
Income from continuing operations before equity method investments, income taxes:445522378302192439378
Other undisclosed loss from continuing operations before income taxes  (96)   (37)
Income from continuing operations before income taxes:445522283302192439341
Income tax expense(83)(93) (99)(36)(109)(96)
Income from continuing operations:362429283203156331245
Income (loss) from discontinued operations1 0(17)(1)1(0)
Income before gain (loss) on sale of properties:363429283186155332245
Other undisclosed net income (loss)(4)(4)108    
Net income:359425391186155332245
Other undisclosed net income attributable to parent      37
Net income available to common stockholders, diluted:359425391186155332282

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:359425391186155332245
Other comprehensive income (loss)220268(122)459(153)29
Comprehensive income:579693269231164179274
Other undisclosed comprehensive income, net of tax, attributable to parent      37
Comprehensive income, net of tax, attributable to parent:579693269231164179311

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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