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

The Hanover Insurance Group (FRA:AF4) Claims Ratio % : 0.00% (As of . 20)


View and export this data going back to . Start your Free Trial

What is The Hanover Insurance Group Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

The historical rank and industry rank for The Hanover Insurance Group's Claims Ratio % or its related term are showing as below:

FRA:AF4's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

The Hanover Insurance Group Claims Ratio % Historical Data

The historical data trend for The Hanover Insurance Group's Claims Ratio % 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.

* Premium members only.

The Hanover Insurance Group Claims Ratio % Chart


The Hanover Insurance Group  (FRA:AF4) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %=Total Claims / Total Premiums Earned * 100%

* 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  (FRA:AF4) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

The Hanover Insurance Group Claims Ratio % Related Terms

Thank you for viewing the detailed overview of The Hanover Insurance Group's Claims Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.

The Hanover Insurance Group (FRA:AF4) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » The Hanover Insurance Group Inc (FRA:AF4) » Definitions » Claims Ratio %
Comparable Companies
WTM KMPR SIGI MCY RLI PLMR STC HMN SKWD LMND PGR CB TSE:8766 TRV ALL HKSE:01339 TSX:IFC HKSE:02328 HIG TSE:8725
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.

The Hanover Insurance Group (FRA:AF4) Headlines

No Headlines