Hanover Insurance Group Balance Sheet Health
Financial Health criteria checks 4/6
Hanover Insurance Group has a total shareholder equity of $2.8B and total debt of $784.1M, which brings its debt-to-equity ratio to 27.6%. Its total assets and total liabilities are $15.3B and $12.4B respectively. Hanover Insurance Group's EBIT is $571.9M making its interest coverage ratio 16.8. It has cash and short-term investments of $435.5M.
Key information
27.6%
Debt to equity ratio
US$784.10m
Debt
| Interest coverage ratio | 16.8x |
| Cash | US$435.50m |
| Equity | US$2.84b |
| Total liabilities | US$12.43b |
| Total assets | US$15.27b |
Recent financial health updates
No updates
Recent updates
Revenues Tell The Story For The Hanover Insurance Group, Inc. (NYSE:THG)
Jan 07
The Hanover Insurance: Q2 Improvement And Future Growth Indicators
Sep 29Risks To Shareholder Returns Are Elevated At These Prices For The Hanover Insurance Group, Inc. (NYSE:THG)
Jul 16Hanover Insurance Group: Improvement In Net Income Growth Encouraging
Feb 05Hanover Insurance: Lower Combined Ratio Encouraging, But Further Net Income Growth Needed
Nov 14The Hanover Insurance: 3% Dividend Yield And Modest Buy Rating
Sep 12Hanover Insurance Group: Personal Lines Continues To Place Pressure On Earnings
Aug 08Hanover Insurance Q4 2022 Earnings Preview
Jan 31Hanover Insurance expects to incur $90M in Q3 catastrophe losses
Oct 20Hanover Insurance: Rebound Potential, But Modest Growth Likely For Now
Sep 06Hanover Insurance Non-GAAP EPS of $2.32 beats by $0.17, Net premiums written of $1.33B beats by $100M
Aug 02Hanover Insurance: Potential For Rebound Given Continued Premium Growth
Jun 22Hanover Insurance Group: Showing Resilience In An Inflationary Environment
Apr 13Financial Position Analysis
Short Term Liabilities: THG's short term assets ($4.4B) do not cover its short term liabilities ($11.7B).
Long Term Liabilities: THG's short term assets ($4.4B) exceed its long term liabilities ($722.3M).
Debt to Equity History and Analysis
Debt Level: THG's net debt to equity ratio (12.3%) is considered satisfactory.
Reducing Debt: THG's debt to equity ratio has increased from 22.4% to 27.6% over the past 5 years.
Debt Coverage: THG's debt is well covered by operating cash flow (102.8%).
Interest Coverage: THG's interest payments on its debt are well covered by EBIT (16.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/03/12 16:48 |
| End of Day Share Price | 2025/03/12 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| 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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
The Hanover Insurance Group, Inc. is covered by 22 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. |