Last $62.43 USD
Change Today -0.03 / -0.05%
Volume 326.7K
THG On Other Exchanges
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As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

440 Lincoln Street

Worcester, MA 01653

United States

Phone: 508-855-1000

Fax:

The Hanover Insurance Group, Inc., through its subsidiaries, provides property and casualty insurance products and services. The company markets its domestic products and services through independent agents and brokers in the United States (U.S.) and conducts business internationally through a wholly-owned subsidiary, Chaucer Holdings plc (Chaucer), which operates through the Society and Corporation of Lloyd’s (Lloyd’s) and is domiciled in the United Kingdom (U.K.). Segments The company conducts its business operations through four segments: Commercial Lines, Personal Lines, Chaucer, and Other. Commercial Lines This segment provides agents and customers with products designed for small, middle, and specialized markets. This segment’s coverages comprise: Commercial multiple peril coverage insures businesses against third party general liability from accidents occurring on their premises or arising out of their operations, such as injuries sustained from products sold. It also insures business property for damage, such as that caused by fire, wind, hail, water damage (which might exclude flood), theft, and vandalism. Commercial automobile coverage insures businesses against losses incurred from personal bodily injury, bodily injury to third parties, property damage to an insured’s vehicle and property damage to other vehicles and property. Workers’ compensation coverage insures employers against employee medical and indemnity claims resulting from injuries related to work. Workers’ compensation policies are written in conjunction with other commercial policies. Other commercial lines include AIX program business provides coverage to under-served markets where there are specialty coverage or risk management needs, including commercial multiple peril, workers’ compensation, commercial automobile, general liability, and other commercial coverages; inland marine coverage insures businesses against physical losses to property, such as contractor’s equipment, builders’ risk and goods in transit, and also covers jewelers block, fine art and other valuables; management and professional liability coverage provides protection for directors and officers of companies that might be sued in connection with their performance, errors and omissions protection to companies and individuals against negligence or bad faith, as well as protection for employment practices insurance and fidelity and crime; surety provides businesses with contract surety coverage in the event of performance or non-payment claims, and commercial surety coverage related to fiduciary or regulatory obligations; and other commercial lines coverages include umbrella, monoline general liability, specialty property, healthcare, and miscellaneous commercial property. In the company’s small commercial and middle market businesses, it has developed various niche insurance programs, including for schools; human services organizations, such as non-profit youth and community service organizations; and religious institutions. It has added additional segmentation to its core middle market commercial products, including real estate, hospitality, and wholesale distributors and introduced products focused on management liability, primarily non-profit and private company directors and officers liability and employment practices liability. Strategy: This segment’s strategy focuses on building deep relationships with partner agents through differentiated product offerings, industry segmentation, and franchise value through limited distribution. Personal Lines This segment’s coverages comprise: Personal automobile coverage insures individuals against losses incurred from personal bodily injury, bodily injury to third parties, property damage to an insured’s vehicle, and property damage to other vehicles and other property. Homeowners coverage insures individuals for losses to their residences and personal property, such as those caused by fire, wind, hail, water damage (except for flood), theft and vandalism, and against third party liability claims. Other personal lines include personal inland marine (jewelry, art, etc.), umbrella, fire, p

 

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Industry Analysis

THG

Industry Average

Valuation THG Industry Range
Price/Earnings 10.6x
Price/Sales 0.6x
Price/Book 1.0x
Price/Cash Flow 10.3x
TEV/Sales 0.3x
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