The Hanover Insurance Group (FRA:AF4) Debt-to-Equity : 0.32 (As of Dec. 2023)

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What is The Hanover Insurance Group Debt-to-Equity?

The Hanover Insurance Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0 Mil. The Hanover Insurance Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €718 Mil. The Hanover Insurance Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €2,261 Mil. The Hanover Insurance Group's debt to equity for the quarter that ended in Dec. 2023 was 0.32.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for The Hanover Insurance Group's Debt-to-Equity or its related term are showing as below:

FRA:AF4' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.27 Max: 0.34
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of The Hanover Insurance Group was 0.34. The lowest was 0.22. And the median was 0.27.

FRA:AF4's Debt-to-Equity is ranked worse than
59.06% of 381 companies
in the Insurance industry
Industry Median: 0.24 vs FRA:AF4: 0.32

The Hanover Insurance Group Debt-to-Equity Historical Data

The historical data trend for The Hanover Insurance Group's Debt-to-Equity 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 Debt-to-Equity Chart

The Hanover Insurance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.22

0.24

0.25

0.34

0.32

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
Debt-to-Equity	Get a 7-Day Free Trial															0.34	0.33	0.35	0.37	0.32

Competitive Comparison of The Hanover Insurance Group's Debt-to-Equity

For the Insurance - Property & Casualty subindustry, The Hanover Insurance Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The Hanover Insurance Group's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, The Hanover Insurance Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where The Hanover Insurance Group's Debt-to-Equity falls into.

The Hanover Insurance Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Hanover Insurance Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	718.194)	/	2260.955
	=	0.32

The Hanover Insurance Group's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	718.194)	/	2260.955
	=	0.32

The Hanover Insurance Group (FRA:AF4) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

The Hanover Insurance Group Debt-to-Equity Related Terms

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The Hanover Insurance Group (FRA:AF4) Business Description

Industry

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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.

The Hanover Insurance Group (FRA:AF4) Headlines

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