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- Day's range:
- $124.91 - $127.97
- Year's range:
- $103.83 - $148.78
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Company profile for The Hanover Insurance Group, Inc.
The Hanover Insurance Group, Inc. is a US-based insurance provider offering property and casualty insurance products and services. Founded in 1852, The Hanover is one of the oldest insurers in the country and has continued to grow over the last two centuries, providing a wide range of products and services to its customers. The company’s services are divided into three main segments, namely Commercial Lines, Personal Lines, and Other.
The Commercial Lines segment offers a variety of insurance products, including multiple peril, commercial automobile, workers’ compensation, management and professional liability, and marine insurance coverages. It also offers monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages.
The Personal Lines segment provides coverages for personal automobile, homeowner’s coverages, personal umbrella, inland marine, fire, personal watercraft, personal cyber, and other miscellaneous coverages.
The Other segment provides investment management services to various entities, such as institutions, pension funds, and other organizations.
The Hanover Insurance Group, Inc. sells its products and services through independent agents and brokers, providing them with access to a wide range of products and services. The company is headquartered in Worcester, Massachusetts and has over 4,000 employees across its various branches across the US. The company has an extensive network of offices, allowing it to serve customers in all states. In recent years, The Hanover Insurance Group Inc. has been active in the mergers and acquisitions market, acquiring several companies in order to expand its presence in the US insurance market. The company has reported strong financial performance for the past five years, with net income increasing from $196 million in 2017 to $396 million in 2020.