The Hanover Insurance Group Inc (THG) - Net Assets
Based on the latest financial reports, The Hanover Insurance Group Inc (THG) has net assets worth $3.57 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($16.53 Billion) and total liabilities ($12.96 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. Also explore The Hanover Insurance Group Inc total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.57 Billion |
| % of Total Assets | 21.6% |
| Annual Growth Rate | 1.43% |
| 5-Year Change | 13.56% |
| 10-Year Change | 24.99% |
| Growth Volatility | 11.17 |
The Hanover Insurance Group Inc - Net Assets Trend (1995–2025)
This chart illustrates how The Hanover Insurance Group Inc's net assets have evolved over time, based on quarterly financial data. Check The Hanover Insurance Group Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for The Hanover Insurance Group Inc (1995–2025)
The table below shows the annual net assets of The Hanover Insurance Group Inc from 1995 to 2025. For live valuation and market cap data, see THG market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.57 Billion | +25.68% |
| 2024-12-31 | $2.84 Billion | +15.26% |
| 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 | +0.46% |
| 2015-12-31 | $2.84 Billion | +0.01% |
| 2014-12-31 | $2.84 Billion | +9.62% |
| 2013-12-31 | $2.59 Billion | -0.03% |
| 2012-12-31 | $2.60 Billion | +4.48% |
| 2011-12-31 | $2.48 Billion | +0.96% |
| 2010-12-31 | $2.46 Billion | +4.32% |
| 2009-12-31 | $2.36 Billion | +24.98% |
| 2008-12-31 | $1.89 Billion | -17.91% |
| 2007-12-31 | $2.30 Billion | +15.00% |
| 2006-12-31 | $2.00 Billion | +2.45% |
| 2005-12-31 | $1.95 Billion | -16.59% |
| 2004-12-31 | $2.34 Billion | +5.37% |
| 2003-12-31 | $2.22 Billion | -6.41% |
| 2002-12-31 | $2.37 Billion | -11.85% |
| 2001-12-31 | $2.69 Billion | -0.66% |
| 2000-12-31 | $2.71 Billion | +7.33% |
| 1999-12-31 | $2.52 Billion | -8.50% |
| 1998-12-31 | $2.76 Billion | -2.67% |
| 1997-12-31 | $2.83 Billion | +12.97% |
| 1996-12-31 | $2.51 Billion | +7.54% |
| 1995-12-31 | $2.33 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Hanover Insurance Group Inc'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 9694.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.74 Billion | 104.76% |
| Common Stock | $600.00K | 0.02% |
| Other Comprehensive Income | $-171.40 Million | -4.80% |
| Other Components | $700.00K | 0.02% |
| Total Equity | $3.57 Billion | 100.00% |
The Hanover Insurance Group Inc Competitors by Market Cap
The table below lists competitors of The Hanover Insurance Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OUTSURANCE GROUP LTD
JSE:OUT
|
$6.62 Billion |
|
Abbott India Limited
NSE:ABBOTINDIA
|
$6.62 Billion |
|
KION GROUP AG ADRS/1/4
F:KGX1
|
$6.62 Billion |
|
Spyre Therapeutics Inc.
NASDAQ:SYRE
|
$6.64 Billion |
|
VF Corporation
NYSE:VFC
|
$6.62 Billion |
|
BlueFocus Communication Group
SHE:300058
|
$6.61 Billion |
|
Dillard's, Inc.
NYSE:DDS
|
$6.61 Billion |
|
Middleby Corp
NASDAQ:MIDD
|
$6.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Hanover Insurance Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,841,800,000 to 3,571,500,000, a change of 729,700,000 (25.7%).
- Net income of 662,500,000 contributed positively to equity growth.
- Dividend payments of 130,600,000 reduced retained earnings.
- Share repurchases of 129,199,999 reduced equity.
- Other comprehensive income increased equity by 284,900,000.
- Other factors increased equity by 42,099,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $662.50 Million | +18.55% |
| Dividends Paid | $130.60 Million | -3.66% |
| Share Repurchases | $129.20 Million | -3.62% |
| Other Comprehensive Income | $284.90 Million | +7.98% |
| Other Changes | $42.10 Million | +1.18% |
| Total Change | $- | 25.68% |
Book Value vs Market Value Analysis
This analysis compares The Hanover Insurance Group Inc'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: 2.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.01x to 2.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $30.68 | $215.06 | x |
| 1996-12-31 | $34.42 | $215.06 | x |
| 1997-12-31 | $43.48 | $215.06 | x |
| 1998-12-31 | $40.64 | $215.06 | x |
| 1999-12-31 | $40.37 | $215.06 | x |
| 2000-12-31 | $44.59 | $215.06 | x |
| 2001-12-31 | $45.46 | $215.06 | x |
| 2002-12-31 | $39.17 | $215.06 | x |
| 2003-12-31 | $41.81 | $215.06 | x |
| 2004-12-31 | $43.57 | $215.06 | x |
| 2005-12-31 | $36.14 | $215.06 | x |
| 2006-12-31 | $38.30 | $215.06 | x |
| 2007-12-31 | $43.87 | $215.06 | x |
| 2008-12-31 | $36.50 | $215.06 | x |
| 2009-12-31 | $46.16 | $215.06 | x |
| 2010-12-31 | $53.14 | $215.06 | x |
| 2011-12-31 | $54.24 | $215.06 | x |
| 2012-12-31 | $57.29 | $215.06 | x |
| 2013-12-31 | $57.78 | $215.06 | x |
| 2014-12-31 | $63.34 | $215.06 | x |
| 2015-12-31 | $63.49 | $215.06 | x |
| 2016-12-31 | $66.15 | $215.06 | x |
| 2017-12-31 | $69.71 | $215.06 | x |
| 2018-12-31 | $68.71 | $215.06 | x |
| 2019-12-31 | $71.83 | $215.06 | x |
| 2020-12-31 | $84.05 | $215.06 | x |
| 2021-12-31 | $86.40 | $215.06 | x |
| 2022-12-31 | $64.65 | $215.06 | x |
| 2023-12-31 | $68.30 | $215.06 | x |
| 2024-12-31 | $78.07 | $215.06 | x |
| 2025-12-31 | $100.04 | $215.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Hanover Insurance Group Inc 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): 18.55%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.04%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 4.74x
- Recent ROE (18.55%) is above the historical average (6.76%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 8.51% | 4.13% | 0.18x | 11.28x | $-23.52 Million |
| 1996 | 10.55% | 5.54% | 0.17x | 11.00x | $9.43 Million |
| 1997 | 8.79% | 6.96% | 0.13x | 9.47x | $-28.93 Million |
| 1998 | 8.18% | 6.44% | 0.11x | 11.25x | $-44.66 Million |
| 1999 | 13.20% | 9.13% | 0.11x | 13.74x | $71.78 Million |
| 2000 | 8.30% | 6.32% | 0.10x | 13.11x | $-41.01 Million |
| 2001 | -0.13% | -0.11% | 0.10x | 12.69x | $-242.21 Million |
| 2002 | -14.77% | -10.60% | 0.11x | 12.85x | $-513.32 Million |
| 2003 | 3.91% | 3.10% | 0.11x | 11.49x | $-135.12 Million |
| 2004 | 5.36% | 4.04% | 0.13x | 10.14x | $-108.65 Million |
| 2005 | -16.67% | -12.40% | 0.25x | 5.45x | $-520.33 Million |
| 2006 | 8.52% | 6.44% | 0.27x | 4.93x | $-29.62 Million |
| 2007 | 11.01% | 9.46% | 0.27x | 4.27x | $23.20 Million |
| 2008 | 1.09% | 0.77% | 0.29x | 4.89x | $-168.12 Million |
| 2009 | 8.36% | 6.96% | 0.35x | 3.41x | $-38.66 Million |
| 2010 | 6.29% | 4.91% | 0.37x | 3.48x | $-91.25 Million |
| 2011 | 1.48% | 0.93% | 0.31x | 5.07x | $-211.70 Million |
| 2012 | 2.15% | 1.22% | 0.34x | 5.20x | $-203.64 Million |
| 2013 | 9.67% | 5.24% | 0.36x | 5.16x | $-8.45 Million |
| 2014 | 9.92% | 5.56% | 0.37x | 4.84x | $-2.40 Million |
| 2015 | 11.65% | 6.57% | 0.37x | 4.85x | $47.06 Million |
| 2016 | 5.43% | 3.91% | 0.28x | 4.98x | $-130.65 Million |
| 2017 | 6.21% | 4.36% | 0.28x | 5.16x | $-113.57 Million |
| 2018 | 13.23% | 8.75% | 0.36x | 4.20x | $95.53 Million |
| 2019 | 14.58% | 8.69% | 0.39x | 4.28x | $133.48 Million |
| 2020 | 11.20% | 7.44% | 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 |
| 2024 | 14.99% | 6.85% | 0.41x | 5.37x | $141.82 Million |
| 2025 | 18.55% | 10.04% | 0.39x | 4.74x | $305.35 Million |
Industry Comparison
This section compares The Hanover Insurance Group Inc's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $6,161,352,000
- Average return on equity (ROE) among peers: 15.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Hanover Insurance Group Inc (THG) | $3.57 Billion | 8.51% | 3.63x | $6.62 Billion |
| American Coastal Insurance Corp (ACIC) | $317.56 Million | 33.64% | 2.38x | $493.85 Million |
| American Financial Group, Inc. (AFG) | $1.66 Billion | 2.18% | 0.50x | $10.91 Billion |
| Aspen Insurance Holdings Ltd (AHL) | $3.65 Billion | 5.57% | 2.31x | $119.39 Million |
| American Integrity Insurance Group, Inc. (AII) | $337.02 Million | 29.56% | 2.63x | $366.95 Million |
| Assurant Inc (AIZ) | $4.28 Billion | 12.14% | 6.44x | $10.94 Billion |
| The Allstate Corporation (ALL) | $15.61 Billion | 19.89% | 4.18x | $54.30 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $614.86 Million | 12.04% | 1.40x | $990.91 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $83.37 Million | 13.50% | 5.78x | $888.60 Million |
| Chubb Ltd (CB) | $29.14 Billion | 9.73% | 2.51x | $124.22 Billion |
| Cincinnati Financial Corporation (CINF) | $5.93 Billion | 14.42% | 1.81x | $24.98 Billion |
About The Hanover Insurance Group Inc
The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services for individuals and businesses in the United States. It operates in four segments: Core Commercial, Specialty, Personal Lines, and Other. The company offers commercial multiple peril, commercial automobile, workers' compensation, and other core commercial coverage; a… Read more