What is The Hanover Insurance Group Financial Strength?
The Hanover Insurance Group has the Financial Strength Rank of 5.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
The Hanover Insurance Group's Interest Coverage for the quarter that ended in Dec. 2023 was 18.67.
The Hanover Insurance Group's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.13.
Altman Z-Score does not apply to banks and insurance companies.
The Hanover Insurance Group Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
The Hanover Insurance Group's Interest Expense for the
months ended in Dec. 2023 was $-9 Mil. Its Operating Income for the
months ended in Dec. 2023 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $783 Mil.
The Hanover Insurance Group's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
The Hanover Insurance Group's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The Hanover Insurance Group (The Hanover Insurance Group) Business Description
Traded in Other Exchanges
Address
440 Lincoln Street, Worcester, MA, USA, 01653
The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business internationally through a wholly owned subsidiary, Chaucer Holdings Limited, domiciled in the United Kingdom. The company conducts business operations through three operating segments: Commercial Lines, Personal Lines and Other. The company operates an investment portfolio that is primarily exposed to fixed-income securities.
Executives
| Jane D Carlin |
director |
C/O PHH CORPORATION, 3000 LEADENHALL ROAD, MT. LAUREL NJ 08054 |
| David John Lovely |
officer: Executive Vice President |
440 LINCOLN STREET, WORCESTER MA 01653 |
| Mark Joseph Welzenbach |
officer: Senior Vice President |
C/O THE HANOVER INSURANCE GROUP, INC., 440 LINCOLN STREET (S-316), WORCESTER MA 01653 |
| Elizabeth A Ward |
director |
440 LINCOLN STREET, WORCESTER MA 01653 |
| Francisco Aristeguieta |
director |
388 GREENWICH STREET, 17TH FLOOR, NEW YORK NY 10013 |
| John C Roche |
officer: Vice President |
C/O THE HANOVER INSURANCE GROUP, INC., 440 LINCOLN STREET, WORCESTER MA 01653 |
| Warren E Barnes |
officer: Vice President of Subsidiary |
THE HANOVER INSURANCE GROUP, INC., 440 LINCOLN STREET, WORCESTER MA 01653 |
| Richard W Lavey |
officer: Vice President of Subsidiary |
THE HANOVER INSURANCE GROUP, INC., 440 LINCOLN STREET, WORCESTER MA 01653 |
| Jeffrey M Farber |
officer: Executive Vice President |
C/O THE HANOVER INSURANCE GROUP, 440 LINCOLN STREET, WORCESTER MA 01653 |
| Willard T Lee |
officer: Senior Vice President |
440 LINCOLN STREET, WORCESTER MA 01653 |
| Bryan J Salvatore |
officer: Executive Vice President |
440 LINCOLN STREET, N435, WORCESTER MA 01653 |
| J Paul Condrin |
director |
440 LINCOLN STREET, WORCESTER MA 01653 |
| Bunting Theodore H Jr |
director |
P. O. BOX 61000, NEW ORLEANS LA 70161 |
| Martin P Hughes |
director |
C/O HUB INTERNATIONAL LIMITED, 55 EAST JACKSON BLVD, CHICAGO IL 60604 |
| Dennis Francis Kerrigan |
officer: Executive Vice President |
440 LINCOLN STREET, E-10, WORCESTER MA 01653 |
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