The Hanover Insurance Group (FRA:AF4) Interest Expense : €-32 Mil (TTM As of Dec. 2023)

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What is The Hanover Insurance Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Hanover Insurance Group's interest expense for the three months ended in Dec. 2023 was € -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-32 Mil.

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 Operating Income for the three months ended in Dec. 2023 was € 146 Mil. The Hanover Insurance Group's Interest Expense for the three months ended in Dec. 2023 was € -8 Mil. The Hanover Insurance Group's Interest Coverage for the quarter that ended in Dec. 2023 was 18.67. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

The Hanover Insurance Group Interest Expense Historical Data

The historical data trend for The Hanover Insurance Group's Interest Expense 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 Interest Expense Chart

The Hanover Insurance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-33.75

-30.50

-30.09

-32.19

-31.27

The Hanover Insurance Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-8.12	-7.94	-7.94	-7.97	-7.79

The Hanover Insurance Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-32 Mil.

The Hanover Insurance Group (FRA:AF4) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

The Hanover Insurance Group's Interest Expense for the three months ended in Dec. 2023 was €-8 Mil. Its EBIT for the three months ended in Dec. 2023 was €146 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €718 Mil.

The Hanover Insurance Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	145.528	/	-7.794
	=	18.67

The higher the ratio, the stronger the company's financial strength is.

The Hanover Insurance Group (FRA:AF4) Business Description

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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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