HANOVER INSURANCE
HANOVER INSURANCE operates in Diversified Metals & Mining.
HANOVER INSURANCE (AF4) - Net Assets
Latest net assets as of September 2024: €2.88 Billion EUR
Based on the latest financial reports, HANOVER INSURANCE (AF4) has net assets worth €2.88 Billion EUR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€15.37 Billion) and total liabilities (€12.49 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.88 Billion |
| % of Total Assets | 18.73% |
| Annual Growth Rate | -2.09% |
| 5-Year Change | -15.45% |
| 10-Year Change | N/A |
| Growth Volatility | 10.76 |
HANOVER INSURANCE - Net Assets Trend (2016–2023)
This chart illustrates how HANOVER INSURANCE's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for HANOVER INSURANCE (2016–2023)
The table below shows the annual net assets of HANOVER INSURANCE from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €2.47 Billion | +5.65% |
| 2022-12-31 | €2.33 Billion | -25.79% |
| 2021-12-31 | €3.14 Billion | -1.79% |
| 2020-12-31 | €3.20 Billion | +9.81% |
| 2019-12-31 | €2.92 Billion | -1.30% |
| 2018-12-31 | €2.95 Billion | -1.43% |
| 2017-12-31 | €3.00 Billion | +4.91% |
| 2016-12-31 | €2.86 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to HANOVER INSURANCE's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 55.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.91 Billion | 118.00% |
| Total Equity | €2.47 Billion | 100.00% |
HANOVER INSURANCE Competitors by Market Cap
The table below lists competitors of HANOVER INSURANCE ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ENZON PHARM (EZ1.SG)
STU:EZ1
|
$1.47 Million |
|
LIQUID META CAPITAL HLDGS
F:N5F
|
$1.47 Million |
|
Patriot Gold Corp
PINK:PGOL
|
$1.47 Million |
|
Centogene N.V.
NASDAQ:CNTGF
|
$1.47 Million |
|
iWallet Corporation
PINK:IWAL
|
$1.47 Million |
|
Bls Invest Danske Aktier Kl
CO:BLKDA
|
$1.47 Million |
|
8COMMON Ltd
AU:8CO
|
$1.47 Million |
|
CMX Gold & Silver Corp
PINK:CXXMF
|
$1.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HANOVER INSURANCE's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,333,700,000 to 2,465,600,000, a change of 131,900,000 (5.7%).
- Net income of 35,300,000 contributed positively to equity growth.
- Dividend payments of 117,200,000 reduced retained earnings.
- Other factors increased equity by 213,800,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €35.30 Million | +1.43% |
| Dividends Paid | €117.20 Million | -4.75% |
| Other Changes | €213.80 Million | +8.67% |
| Total Change | €- | 5.65% |
Book Value vs Market Value Analysis
This analysis compares HANOVER INSURANCE's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.25x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €70.53 | €155.00 | x |
| 2018-12-31 | €69.85 | €155.00 | x |
| 2019-12-31 | €75.94 | €155.00 | x |
| 2020-12-31 | €88.01 | €155.00 | x |
| 2021-12-31 | €88.59 | €155.00 | x |
| 2022-12-31 | €65.55 | €155.00 | x |
| 2023-12-31 | €68.87 | €155.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HANOVER INSURANCE utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.59%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 5.93x
- Recent ROE (1.43%) is below the historical average (8.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.43% | 3.14% | 0.35x | 4.98x | €-130.65 Million |
| 2017 | 6.21% | 3.59% | 0.34x | 5.16x | €-113.57 Million |
| 2018 | 13.23% | 8.70% | 0.36x | 4.20x | €95.53 Million |
| 2019 | 14.58% | 8.69% | 0.39x | 4.28x | €133.48 Million |
| 2020 | 11.20% | 7.46% | 0.36x | 4.20x | €38.48 Million |
| 2021 | 13.44% | 8.19% | 0.36x | 4.53x | €108.31 Million |
| 2022 | 4.97% | 2.14% | 0.39x | 6.00x | €-117.37 Million |
| 2023 | 1.43% | 0.59% | 0.41x | 5.93x | €-211.26 Million |
Industry Comparison
This section compares HANOVER INSURANCE's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HANOVER INSURANCE (AF4) | €2.88 Billion | 5.43% | 4.34x | $1.47 Million |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |