About The Hanover Insurance Group
The Hanover Insurance Group is a company based in Worcester (United States) founded in 1852.. The company has 4,900 employees as of December 31, 2024. The Hanover Insurance Group has completed 2 acquisitions, including AIX Group and SLE Worldwide. The Hanover Insurance Group offers products and services including Home Insurance, Auto Insurance, Business Owner's Policy, and Workers' Compensation.
- Headquarter Worcester, United States
- Employees 4900 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Hanover Insurance Group Inc
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Annual Revenue
$6.24 B4.07as on Dec 31, 2024
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Net Profit
$426 M1106.8as on Dec 31, 2024
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EBITDA
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Latest Funding Round
$375 M (USD), Debt – Conventional
Apr 01, 2016
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Investors
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Employee Count
4900
as on Dec 31, 2024
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Investments & Acquisitions
AIX Group
& 1 more
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IPO & Listings of The Hanover Insurance Group
The Hanover Insurance Group is a publicly listed company on the NYSE with ticker symbol THG in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of The Hanover Insurance Group
The Hanover Insurance Group offers a comprehensive portfolio of products and services, including Home Insurance, Auto Insurance, Business Owner's Policy, and Workers' Compensation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Protects homes against damages from fire, theft, and natural disasters.
Covers vehicles for accidents, theft, and liability to drivers.
Provides combined coverage for business property and operations risks.
Insures employees for workplace injuries and related medical costs.
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Software Development Team
324 people
Leadership Team
160 people
Sales and Marketing
58 people
Senior Team
42 people
Data Analysis and Operations Team
37 people
Operations Team
32 people
Human Resources and Administration
24 people
Product Management Team
21 people
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Funding Insights of The Hanover Insurance Group
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $375.0M
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First Round
First Round
(20 Mar 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2016 | Amount | Debt – Conventional - The Hanover Insurance Group | Valuation |
investors |
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| Mar, 2013 | Amount | Debt – Conventional - The Hanover Insurance Group | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by The Hanover Insurance Group
The Hanover Insurance Group has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include AIX Group and SLE Worldwide. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of P&C insurance carrier
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2006 | ||||
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Insurance underwriting services are provided globally by SLE Worldwide.
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1994 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - The Hanover Insurance Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
The Hanover Insurance Group Comparisons
Competitors of The Hanover Insurance Group
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on The Hanover Insurance Group
Frequently Asked Questions about The Hanover Insurance Group
When was The Hanover Insurance Group founded?
The Hanover Insurance Group was founded in 1852 and raised its 1st funding round 161 years after it was founded.
Where is The Hanover Insurance Group located?
The Hanover Insurance Group is headquartered in Worcester, United States. It is registered at Worcester, Massachusetts, United States.
How many employees does The Hanover Insurance Group have?
As of Dec 31, 2024, the latest employee count at The Hanover Insurance Group is 4,900.
What is the annual revenue of The Hanover Insurance Group?
Annual revenue of The Hanover Insurance Group is $6.24B as on Dec 31, 2024.
What does The Hanover Insurance Group do?
The Hanover Insurance Group was founded in 1852 and is headquartered in Worcester, United States. Operations focus on the insurance sector, where property and casualty coverage is offered through brokerage services. Policies are distributed across personal and commercial lines, serving customers primarily in the domestic market. Risk management solutions are also facilitated to support client needs in a competitive industry landscape.
What products or services does The Hanover Insurance Group offer?
The Hanover Insurance Group offers Home Insurance, Auto Insurance, Business Owner's Policy, and Workers' Compensation.
Is The Hanover Insurance Group publicly traded?
Yes, The Hanover Insurance Group is publicly traded on NYSE under the ticker symbol THG.
How many acquisitions has The Hanover Insurance Group made?
The Hanover Insurance Group has made 2 acquisitions, including AIX Group, and SLE Worldwide.
What is The Hanover Insurance Group's ticker symbol?
The ticker symbol of The Hanover Insurance Group is THG on NYSE.
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