Hanover Insurance Revenue, Growth & Competitor Profile

DBA ALLMERICA FINANCIAL
DBA HANOVER INSURANCE GROUP, INC.
DBA The Hanover Insurance Group, Inc. SUB DB 6.35%53

Company Profile & Annual Report for Hanover Insurance

Access the complete profile.

Hanover Insurance Fast Facts

Revenue	Over $500 million    See Exact Annual Revenue
Employees	Over 1,000Exact Company Size
Primary Industry	5241 Insurance Carriers
Additional NAICS Codes	524126 Direct Property & Casualty Insurance Carriers
Address	440 Lincoln Street N435 Worcester, MA 01653

Hanover Insurance's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • Hanover Insurance's annual revenues are Over $500 million (see exact revenue data)
• What industry is the company in?
  • Hanover Insurance is classified as operating in the Insurance Carriers industry, NAICS Code 5241.

Hanover Insurance is a publicly traded company on NYQ using the ticker symbol THGA. Detailed information on company financials and operating reports can be found here: NYQ: THGA

Hanover Insurance Annual Revenue and Growth Rate

Hanover Insurance	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2025	Over $500 million Details in Premium Report
2024
2023
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Hanover Insurance's revenues are gauged from an analysis of company filings.

Trademark Applications

Trademark applications show the products and services that Hanover Insurance is developing and marketing. Hanover Insurance doesn't have any recent trademark applications, indicating Hanover Insurance is focusing on its existing business rather than expanding into new products and markets. Trademarks may include brand names, product names, logos and slogans.

Trademark	Date
THE HANOVER Insurance underwriting services in the field of property and casualty insurance; insurance claims management services, namely, assessing insurance claims, and insurance claims processing and adjustment in the field of insurance; and financial risk management in the field of insurance	11/06/2013
THE HANOVER INSURANCE GROUP Insurance underwriting services in the field of property and casualty insurance; insurance claims management services, namely, assessing insurance claims, and insurance claims processing and adjustment in the field of insurance; and financial risk management in the field of insurance	05/20/2013
EIA Insurance services, namely, underwriting, issuance and administration of property and casualty insurance	11/01/2010

See all trademarks and details in the Full Report.

Market Share of Hanover Insurance's Largest Competitors

A competitive analysis shows these companies are in the same general field as Hanover Insurance, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
CENTRUM VALLEY HOLDINGS	Clarion, IA	100
ELEVANCE HEALTH	Indianapolis, IN	44
SECURIAN LIFE INSURANCE	Saint Paul, MN	33
ATH HOLDING	Indianapolis, IN	31
HUMANA	Louisville, KY	30
STATE FARM MUTUAL AUTOMOBILE INSURANCE	Bloomington, IL	26
AMALGAMATED LIFE INSURANCE COMPANY EMPLOYEE BENEFIT FUND	White Plains, NY	25
PRUDENTIAL INSURANCE	Newark, NJ	24
AMERICAN INTERNATIONAL GROUP	New York, NY	13

Nearby Competitors

These companies are similar in business line and location to Hanover Insurance. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
HANOVER INSURANCE	Worcester, MA	100
FALLON COMMUNITY HEALTH PLAN	Worcester, MA	23
FALLON HEALTH WEINBERG	Worcester, MA	1
OMNIVERSE FINANCIAL & INSURANCE SERVICES	Worcester, MA	0

Future Competition: Hanover Insurance's Fastest Growing Competitors

These companies are in the same general field as Hanover Insurance and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)