The Hanover Insurance Group, Inc.

BOVESPA:THGI34 Stock Report

Market Cap: R$22.8b

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 percentage15.9%
CEO tenure6.1yrs
CEO ownership0.2%
Management average tenure3.7yrs
Board average tenure5.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jack Roche's remuneration changed compared to Hanover Insurance Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2023n/an/a

-US$86m

Jun 30 2023n/an/a

-US$93m

Mar 31 2023n/an/a

-US$500k

Dec 31 2022US$7mUS$1m

US$117m

Sep 30 2022n/an/a

US$292m

Jun 30 2022n/an/a

US$326m

Mar 31 2022n/an/a

US$433m

Dec 31 2021US$7mUS$1m

US$420m

Sep 30 2021n/an/a

US$423m

Jun 30 2021n/an/a

US$508m

Mar 31 2021n/an/a

US$494m

Dec 31 2020US$6mUS$1m

US$362m

Sep 30 2020n/an/a

US$306m

Jun 30 2020n/an/a

US$298m

Mar 31 2020n/an/a

US$268m

Dec 31 2019US$5mUS$937k

US$429m

Sep 30 2019n/an/a

US$321m

Jun 30 2019n/an/a

US$314m

Mar 31 2019n/an/a

US$311m

Dec 31 2018US$4mUS$899k

US$239m

Sep 30 2018n/an/a

US$309m

Jun 30 2018n/an/a

US$264m

Mar 31 2018n/an/a

US$221m

Dec 31 2017US$2mUS$561k

US$216m

Sep 30 2017n/an/a

US$132m

Jun 30 2017n/an/a

US$161m

Mar 31 2017n/an/a

US$123m

Dec 31 2016US$1mUS$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

NamePositionTenureCompensationOwnership
John Roche
President6.1yrsUS$6.83m0.21%
R$ 47.7m
Jeffrey Farber
Executive VP & CFO7.1yrsUS$3.24m0.21%
R$ 47.3m
Dennis Kerrigan
Executive VP3.7yrsUS$1.53m0.0071%
R$ 1.6m
Richard Lavey
Executive VP & President of Hanover Agency Markets6.8yrsUS$2.17m0.076%
R$ 17.2m
Bryan Salvatore
Executive VP & President of Specialty6.5yrsUS$2.00m0.044%
R$ 10.0m
Lindsay Greenfield
Senior VP & Chief investment Officer1.8yrsno datano data
Oksana Lukasheva
Senior Vice President of Corporate Financeno datano datano data
Willard Lee
Executive VP2.7yrsno data0.011%
R$ 2.5m
Jennifer Luisa
Senior VP & Chief Marketing Officer1.8yrsno datano data
Denise Tinger Lowsley
Executive VP & Chief Human Resources Officer4.2yrsno data0.0050%
R$ 1.1m
Charles Cronin
Senior VP & Group Counsel1.8yrsno datano data
Paul Mueller
Senior VP & Zone Executive1.8yrsno datano data

3.7yrs

Average Tenure

58yo

Average Age

Experienced Management: THGI34's management team is considered experienced (3.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
John Roche
President6.1yrsUS$6.83m0.21%
R$ 47.7m
Joseph Ramrath
Independent Director19.8yrsUS$256.00k0.086%
R$ 19.7m
Kathleen Lane
Independent Director5.3yrsUS$245.00k0.0053%
R$ 1.2m
Martin Hughes
Independent Director3.8yrsUS$250.00k0.017%
R$ 3.9m
Theodore Bunting
Independent Director3.3yrsUS$255.00k0.011%
R$ 2.6m
Cynthia Egan
Independent Chairperson & Independent Presiding Director8.6yrsUS$371.00k0.033%
R$ 7.4m
James Condrin
Independent Director2.8yrsUS$260.00k0.0095%
R$ 2.2m
Francisco Aristeguieta Silva
Director1.5yrsUS$218.06k0.0059%
R$ 1.3m
Jane Carlin
Independent Director7yrsUS$270.50k0%
R$ 0
Kevin Bradicich
Independent Director5.8yrsUS$240.00k0.020%
R$ 4.6m
Elizabeth Ward
Director1.4yrsUS$198.56k0.0057%
R$ 1.3m

5.3yrs

Average Tenure

65yo

Average Age

Experienced Board: THGI34's board of directors are considered experienced (5.3 years average tenure).