The Hanover Insurance Group (THG) Investor presentation summary

Financial highlights and business mix

• Stock price at $191.87 with a $6.7B market cap and $3.80 annual dividend per share as of May 2026.

• Book value per share is $101.86; GAAP equity is $3.6B, and total capital is $4.4B.

• 2025 net premiums written totaled $6.3B, split among Personal Lines (41%), Core Commercial (36%), and Specialty (23%).

• Financial strength ratings: A (AM Best, S&P), A2 (Moody's); senior debt rated bbb+/BBB/Baa2.

Strategic positioning and growth

• Focus on sustainable competitive advantage in the independent agency market through robust product capabilities and analytics.

• Differentiation achieved by combining national carrier scale with regional carrier flexibility and local underwriting.

• Specialized products and deep agency relationships drive growth and profitability.

• Capitalizing on industry-wide agency consolidation to expand market reach and distribution.

Segment strategies and market opportunities

• Specialty segment targets small to mid-sized clients, nearly doubling written premium in 10 years, with a $1.4B NPW and $84B market opportunity.

• Core Commercial leverages flexible underwriting and technology, with $2.3B NPW and a $198B market opportunity.

• Personal Lines focuses on whole account offerings for middle market customers, $2.6B NPW, and $82B market opportunity.