Company Profile For The Hanover Insurance Group, Inc.

The Hanover Insurance Group, Inc. (THG.N) (New York Stock Exchange)
sector: Financials · industry: Insurance - Property & Casualty ·
As of  9:05pm GMT
42.29USD
Price Change
-0.37
Percent Change
-0.87%
 
 
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Overview

The Hanover Insurance Group, Inc. (THG) is a holding company for The Hanover Insurance Company (Hanover Insurance) and Citizens Insurance Company of America (Citizens), which are its principal property and casualty subsidiaries, and certain other insurance and non-insurance subsidiaries. The Company’s primary business operations include insurance products and services in three property and casualty operating segments: Personal Lines, Commercial Lines, and Other Property and Casualty. On March 14, 2008, the Company acquired Verlan Holdings, Inc. On June 2, 2008, the Company completed the sale of its financing subsidiary, AMGRO Inc., to Premium Financing Specialists, Inc. On November 28, 2008, THG acquired AIX Holdings, Inc (AIX). On January 2, 2009, the Company sold First Allmerica Financial Life Insurance Company (FAFLIC), to Commonwealth Annuity and Life Insurance Company, a subsidiary of The Goldman Sachs Group, Inc.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, The Hanover Insurance Group, Inc.'s revenues increased 4% to $2.10B. Net income from continuing operations totaled $131.9M, up from $61.7M. Revenues reflects an increase in revenue from premiums. Net income also reflects a decrease in losses and loss adjustment expenses and the presence of gain from retirement of corporate debt. Hanover Insurance Group, Inc is an insurance company.

Company Address

The Hanover Insurance Group, Inc.
440 Lincoln Street
Worcester   MA   01653
P: +1508.8551000
F: +1508.8536332

Total Employees

4000

Find Out More About THG.N

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