Hanover Insurance Group Management
Management criteria checks 4/4
Hanover Insurance Group's CEO is Jack Roche, appointed in Nov 2017, has a tenure of 7.08 years. total yearly compensation is $7.72M, comprised of 14.2% salary and 85.8% bonuses, including company stock and options. directly owns 0.26% of the company’s shares, worth $14.48M. The average tenure of the management team and the board of directors is 5.2 years and 6.5 years respectively.
Key information
Jack Roche
Chief executive officer
US$7.7m
Total compensation
| CEO salary percentage | 14.2% |
| CEO tenure | 7.1yrs |
| CEO ownership | 0.3% |
| Management average tenure | 5.2yrs |
| Board average tenure | 6.5yrs |
Recent management updates
Recent updates
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 16
Hanover Insurance Group: Improvement In Net Income Growth Encouraging
Feb 05Pinning Down The Hanover Insurance Group, Inc.'s (NYSE:THG) P/S Is Difficult Right Now
Jan 19Hanover 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 13Hanover Insurance Group: An Assessment Of Inflation Risks
Feb 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$365m |
| Jun 30 2024 | n/a | n/a | US$271m |
| Mar 31 2024 | n/a | n/a | US$161m |
| Dec 31 2023 | US$8m | US$1m | US$34m |
| 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$216m |
Compensation vs Market: Jack's total compensation ($USD7.72M) is about average for companies of similar size in the US market ($USD7.98M).
Compensation vs Earnings: Jack's compensation has been consistent with company performance over the past year.
CEO
Jack Roche (60 yo)
7.1yrs
Tenure
US$7,721,129
Compensation
Mr. John Conner Roche, also known as Jack, is Vice Chair of American Institute For Chartered Property Casualty Underwriters from July 2024. He has been President and Chief Executive Officer at Hanover Insu...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.1yrs | US$7.72m | 0.26% $ 14.5m | |
| Executive VP & CFO | 8.1yrs | US$3.50m | 0.087% $ 4.8m | |
| Executive VP | 4.7yrs | US$1.64m | 0.016% $ 872.0k | |
| Executive VP & President of Hanover Agency Markets | 7.8yrs | US$2.42m | 0.085% $ 4.7m | |
| Executive VP & President of Specialty | 7.5yrs | US$2.27m | 0.051% $ 2.8m | |
| Senior VP & Chief investment Officer | 2.8yrs | no data | no data | |
| Senior VP | 27.9yrs | no data | 0.0083% $ 463.2k | |
| Senior Vice President of Corporate Finance | no data | no data | no data | |
| President of Technology & Life Sciences | less than a year | no data | no data | |
| Executive VP | 3.7yrs | no data | 0.012% $ 682.9k | |
| Senior VP & Chief Marketing Officer | 2.8yrs | no data | no data | |
| Executive VP & Chief Human Resources Officer | 5.2yrs | no data | 0.0046% $ 254.1k |
5.2yrs
Average Tenure
59yo
Average Age
Experienced Management: THG's management team is seasoned and experienced (5.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.1yrs | US$7.72m | 0.26% $ 14.5m | |
| Independent Director | 20.8yrs | US$281.00k | 0.089% $ 4.9m | |
| Independent Director | 6.3yrs | US$270.00k | 0% $ 0 | |
| Independent Director | 4.3yrs | US$270.00k | 0.014% $ 804.1k | |
| Independent Director | 2.4yrs | US$270.00k | 0.011% $ 626.2k | |
| Independent Chairperson & Independent Presiding Director | 9.6yrs | US$396.00k | 0.035% $ 2.0m | |
| Independent Director | 3.8yrs | US$285.00k | 0.013% $ 699.6k | |
| Independent Director | 2.5yrs | US$266.00k | 0.0090% $ 498.8k | |
| Independent Director | 8yrs | US$291.00k | no data | |
| Independent Director | 6.8yrs | US$265.00k | 0.023% $ 1.3m |
6.5yrs
Average Tenure
65.5yo
Average Age
Experienced Board: THG's board of directors are considered experienced (6.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 04:25 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 .
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. |