Hanover Insurance Group Inc
NYSE:THG

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Hanover Insurance Group Inc
NYSE:THG
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Price: 155.4 USD 1.01%
Market Cap: 5.6B USD
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Hanover Insurance Group Inc
Investor Relations

Hanover Insurance Group Inc., rooted in a rich history dating back to 1852, has evolved into a dynamic player within the insurance industry. With a strong focus on property and casualty insurance, the company employs a strategy that weaves together a robust portfolio of products tailored for both individuals and small to medium-sized businesses. At its core, Hanover operates by assessing risk and utilizing comprehensive underwriting processes to ensure pricing is adequate, keeping its feet firmly grounded in risk management and actuarial science. The company distributes its array of products through a vast network of independent agents, allowing it to extend its reach across various regions, cultivating close connections with policyholders and maintaining a personalized approach.

Underneath this operational framework, Hanover generates its revenue primarily through the collection of premiums from policyholders. The business model stands on two revenue legs: underwriting profit and investment income. Underwriting profit is achieved when the premiums received surpass the claims and expenses paid out, highlighting the importance of precise risk evaluation. Additionally, the company invests the premium funds until claims need to be settled. By strategically managing this pool of capital in investments, Hanover bolsters its financial strength and enhances profitability. This dual-income approach not only stabilizes the company during turbulent economic conditions but also positions it for sustainable growth in the competitive insurance landscape.

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Management

Mr. John Conner Roche
President, CEO & Director
No Bio Available
Mr. Jeffrey Mark Farber
Executive VP & CFO
No Bio Available
Mr. Dennis Francis Kerrigan Jr.
Executive VP, Assistant Secretary & Chief Legal Officer
No Bio Available
Mr. Richard William Lavey
Executive VP & President of Hanover Agency Markets
No Bio Available
Mr. Bryan James Salvatore
Executive VP & President of Specialty
No Bio Available
Ms. Lindsay France Greenfield
Senior VP & Chief investment Officer
No Bio Available
Mr. Warren Ellison Barnes
Senior VP, Corporate Controller & Principal Accounting Officer
No Bio Available
Ms. Oksana Lukasheva
Senior Vice President of Corporate Finance
No Bio Available
Ms. Mina S. Rona
President of Technology & Life Sciences
No Bio Available
Mr. Willard Ty-Lunn Lee
Executive VP, Chief Information & Innovation Officer
No Bio Available

Contacts

Address
MASSACHUSETTS
Worcester Massachusetts
440 Lincoln St
Contacts
+15088551000.0
www.hanover.com