Hanover Insurance Group Management
Management criteria checks 2/4
Hanover Insurance Group's CEO is Jack Roche, appointed in Nov 2017, has a tenure of 6.08 years. total yearly compensation is $6.83M, comprised of 15.9% salary and 84.1% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth R$47.66M. The average tenure of the management team and the board of directors is 3.7 years and 5.3 years respectively.
Key information
Jack Roche
Chief executive officer
US$6.8m
Total compensation
| CEO salary percentage | 15.9% |
| CEO tenure | 6.1yrs |
| CEO ownership | 0.2% |
| Management average tenure | 3.7yrs |
| Board average tenure | 5.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | n/a | n/a | -US$86m |
| Jun 30 2023 | n/a | n/a | -US$93m |
| Mar 31 2023 | n/a | n/a | -US$500k |
| Dec 31 2022 | US$7m | US$1m | US$117m |
| Sep 30 2022 | n/a | n/a | US$292m |
| Jun 30 2022 | n/a | n/a | US$326m |
| Mar 31 2022 | n/a | n/a | US$433m |
| Dec 31 2021 | US$7m | US$1m | US$420m |
| Sep 30 2021 | n/a | n/a | US$423m |
| Jun 30 2021 | n/a | n/a | US$508m |
| Mar 31 2021 | n/a | n/a | US$494m |
| Dec 31 2020 | US$6m | US$1m | US$362m |
| Sep 30 2020 | n/a | n/a | US$306m |
| Jun 30 2020 | n/a | n/a | US$298m |
| Mar 31 2020 | n/a | n/a | US$268m |
| Dec 31 2019 | US$5m | US$937k | US$429m |
| Sep 30 2019 | n/a | n/a | US$321m |
| Jun 30 2019 | n/a | n/a | US$314m |
| Mar 31 2019 | n/a | n/a | US$311m |
| Dec 31 2018 | US$4m | US$899k | US$239m |
| Sep 30 2018 | n/a | n/a | US$309m |
| Jun 30 2018 | n/a | n/a | US$264m |
| Mar 31 2018 | n/a | n/a | US$221m |
| Dec 31 2017 | US$2m | US$561k | US$216m |
| Sep 30 2017 | n/a | n/a | US$132m |
| Jun 30 2017 | n/a | n/a | US$161m |
| Mar 31 2017 | n/a | n/a | US$123m |
| Dec 31 2016 | US$1m | US$470k | US$67m |
Compensation vs Market: Jack's total compensation ($USD6.83M) is above average for companies of similar size in the BR market ($USD1.62M).
Compensation vs Earnings: Jack's compensation has increased whilst the company is unprofitable.
CEO
Jack Roche (59 yo)
6.1yrs
Tenure
US$6,826,023
Compensation
Mr. John Conner Roche, also known as Jack, has been President and Chief Executive Officer at Hanover Insurance Group Inc. since November 2017 and its Director since 2017. Prior to that, Mr. Roche served as...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.1yrs | US$6.83m | 0.21% R$ 47.7m | |
| Executive VP & CFO | 7.1yrs | US$3.24m | 0.21% R$ 47.3m | |
| Executive VP | 3.7yrs | US$1.53m | 0.0071% R$ 1.6m | |
| Executive VP & President of Hanover Agency Markets | 6.8yrs | US$2.17m | 0.076% R$ 17.2m | |
| Executive VP & President of Specialty | 6.5yrs | US$2.00m | 0.044% R$ 10.0m | |
| Senior VP & Chief investment Officer | 1.8yrs | no data | no data | |
| Senior Vice President of Corporate Finance | no data | no data | no data | |
| Executive VP | 2.7yrs | no data | 0.011% R$ 2.5m | |
| Senior VP & Chief Marketing Officer | 1.8yrs | no data | no data | |
| Executive VP & Chief Human Resources Officer | 4.2yrs | no data | 0.0050% R$ 1.1m | |
| Senior VP & Group Counsel | 1.8yrs | no data | no data | |
| Senior VP & Zone Executive | 1.8yrs | no data | no data |
3.7yrs
Average Tenure
58yo
Average Age
Experienced Management: THGI34's management team is considered experienced (3.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.1yrs | US$6.83m | 0.21% R$ 47.7m | |
| Independent Director | 19.8yrs | US$256.00k | 0.086% R$ 19.7m | |
| Independent Director | 5.3yrs | US$245.00k | 0.0053% R$ 1.2m | |
| Independent Director | 3.8yrs | US$250.00k | 0.017% R$ 3.9m | |
| Independent Director | 3.3yrs | US$255.00k | 0.011% R$ 2.6m | |
| Independent Chairperson & Independent Presiding Director | 8.6yrs | US$371.00k | 0.033% R$ 7.4m | |
| Independent Director | 2.8yrs | US$260.00k | 0.0095% R$ 2.2m | |
| Director | 1.5yrs | US$218.06k | 0.0059% R$ 1.3m | |
| Independent Director | 7yrs | US$270.50k | 0% R$ 0 | |
| Independent Director | 5.8yrs | US$240.00k | 0.020% R$ 4.6m | |
| Director | 1.4yrs | US$198.56k | 0.0057% R$ 1.3m |
5.3yrs
Average Tenure
65yo
Average Age
Experienced Board: THGI34's board of directors are considered experienced (5.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/12/13 23:52 |
| End of Day Share Price | 2023/09/15 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
The Hanover Insurance Group, Inc. is covered by 24 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jay Gelb | Barclays |
| Michael Zaremski | BMO Capital Markets Equity Research |
| Robert Farnam | Boenning & Scattergood, Inc. |