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The Hanover Insurance Group (FRA:AF4) Moat Score : 6/10 (As of Jul. 03, 2025)


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What is The Hanover Insurance Group Moat Score?

The Hanover Insurance Group has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

The Hanover Insurance Group has Narrow Moat: The Hanover Insurance Group Inc benefits from strong brand recognition and customer loyalty in the insurance sector. Its durable cost advantages and regulatory barriers provide a strong narrow moat, though it lacks the network effects and pricing power for a wide moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes The Hanover Insurance Group might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Competitive Comparison of The Hanover Insurance Group's Moat Score

For the Insurance - Property & Casualty subindustry, The Hanover Insurance Group's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, The Hanover Insurance Group's Moat Score distribution charts can be found below:

* The bar in red indicates where The Hanover Insurance Group's Moat Score falls into.


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The Hanover Insurance Group  (FRA:AF4) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

The Hanover Insurance Group Moat Score Related Terms

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The Hanover Insurance Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » The Hanover Insurance Group Inc (FRA:AF4) » Definitions » Moat Score
Comparable Companies
RLI SIGI WTM PLMR KMPR MCY LMND AHL ORI SLDE PGR CB TSE:8766 TRV ALL HKSE:01339 HKSE:02328 TSX:IFC TSX:FFH HIG
Traded in Other Exchanges
THG:USA THGI34:Brazil
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 four operating segments: Core Commercial, Specialty, Personal Lines, and Other. The company operates an investment portfolio that is exposed to fixed-income securities.

The Hanover Insurance Group Headlines

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