The Hanover Insurance Group (FRA:AF4) Tax Rate % : 20.51% (As of Mar. 2024)

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What is The Hanover Insurance Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. The Hanover Insurance Group's Tax Expense for the three months ended in Mar. 2024 was €27 Mil. The Hanover Insurance Group's Pre-Tax Income for the three months ended in Mar. 2024 was €134 Mil. Therefore, The Hanover Insurance Group's Tax Rate % for the quarter that ended in Mar. 2024 was 20.51%.

The Hanover Insurance Group Tax Rate % Historical Data

The historical data trend for The Hanover Insurance Group's Tax Rate % can be seen below:

* 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.

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The Hanover Insurance Group Tax Rate % Chart

The Hanover Insurance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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17.83

18.62

19.43

18.89

18.49

The Hanover Insurance Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															31.43	22.82	1,011.51	28.56	20.51

The Hanover Insurance Group Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

The Hanover Insurance Group's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	6.969	/	37.689
	=	18.49 %

The Hanover Insurance Group's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	27.416	/	133.676
	=	20.51 %

The Hanover Insurance Group Tax Rate % Related Terms

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The Hanover Insurance Group (FRA:AF4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » The Hanover Insurance Group Inc (FRA:AF4) » Definitions » Tax Rate %

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Traded in Other Exchanges

THG:USA

Address

440 Lincoln Street, Worcester, MA, USA, 01653

Website

https://www.hanover.com

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.

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