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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 four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers’ compensation, and other commercial lines coverage. The Specialty segment provides professional and executive Lines, marine, and surety and other, as well as specialty property and casualty, such as program business, specialty industrial business, excess and surplus business, and specialty general liability coverage. The Personal Lines segment offers 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 advisory services to institutions, insurance companies, 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.
Financial Resilience | The Hanover Insurance Group outperforms expectations with Q3 2024 operating EPS of $3.05, showcasing strong performance across business segments |
Segment Dynamics | Explore THG's robust Core Commercial and Specialty segments, balanced by strategic improvements in Personal Lines, particularly in Auto insurance |
Strategic Pricing | Delve into THG's pricing power and targeted underwriting actions, driving improved margins while navigating short-term growth challenges |
Market Outlook | Analysts set price targets ranging from $160 to $175, reflecting confidence in THG's ability to manage risks and capitalize on market opportunities |
Metrics to compare | THG | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipTHGPeersSector | |
---|---|---|---|---|
P/E Ratio | 16.3x | 22.2x | 8.7x | |
PEG Ratio | 0.03 | 0.15 | 0.03 | |
Price/Book | 2.1x | 1.1x | 1.0x | |
Price / LTM Sales | 1.0x | 0.6x | 2.8x | |
Upside (Analyst Target) | 6.1% | −0.8% | 10.6% | |
Fair Value Upside | Unlock | 10.4% | 2.8% | Unlock |