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Earnings transcript
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THG
The Hanover Insurance Group, Inc.
$176.1
3.79
(2.2%)
| Exchange: | NYSE |
| Market Cap: | 6.19B |
| Shares Outstanding: | 51.303M |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Insurance – Property & Casualty | |||||
| CEO: | John Conner Roche | |||||
| Full Time Employees: | 4900 | |||||
| Address: |
| |||||
| Website: | https://www.hanover.com |
The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers’ compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages. The Personal Lines segment provides personal automobile and homeowner’s coverages, as well as other personal coverages, such as personal umbrella, inland marine, fire, personal watercraft, personal cyber, and other miscellaneous coverages. The Other segment markets investment management services to institutions, pension funds, and other organizations. The Hanover Insurance Group, Inc. markets its products and services through independent agents and brokers. The company was formerly known as Allmerica Financial Corp. and changed its name to The Hanover Insurance Group, Inc. in December 2005. The Hanover Insurance Group, Inc. was founded in 1852 and is headquartered in Worcester, Massachusetts.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 5,963,500 | 6,216,800 | 6,597,500 |
| Gross Profit | 652,900 | 1,237,700 | 2,868,200 |
| EBITDA | 81,500 | 573,400 | 887,000 |
| Operating Income | 41,100 | 537,800 | 843,800 |
| Net Income | 35,300 | 426,000 | 662,500 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 14,612,600 | 15,274,500 | 16,945,900 |
| Total Liabilities | 12,147,000 | 12,432,700 | 13,374,400 |
| Total Stockholders Equity | 2,465,600 | 2,841,800 | 3,571,500 |
| Total Debt | 783,200 | 784,100 | 1,218,300 |
| Cash and Cash Equivalents | 316,100 | 435,500 | 1,122,700 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 361,700 | 806,400 | 0 |
| Capital Expenditure | -11,900 | -10,200 | 0 |
| Free Cash Flow | 349,800 | 796,200 | 0 |
| Net Income | 35,300 | 426,000 | 662,500 |
| Net Change in Cash | 11,100 | 119,400 | -435,500 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 7,579,901.234 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 7,579,901.237 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 7,579,901.236 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 1,384,621.747 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 1,384,621.748 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 1,384,621.747 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 622,568.033 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 646,410.993 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 631,890.017 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 17.700 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 18.110 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 17.440 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 3 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates THG intrinsic value between $321.85 – $831.89 per share. This depends on revenue growth, margins, and discount rate.
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Common questions about THG valuation
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What is THG’s P/E ratio?
You can see THG’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for THG?
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Whether THG fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
THG
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