Hanover Insurance Group Inc
NYSE:THG
Income Statement
Income Statement
Hanover Insurance Group Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Gross Premiums Earned |
4 491
|
4 559
|
4 642
|
4 700
|
4 747
|
4 794
|
4 824
|
4 788
|
4 735
|
4 674
|
4 614
|
4 626
|
3 812
|
3 842
|
3 464
|
3 305
|
4 003
|
3 863
|
4 152
|
4 219
|
4 278
|
4 330
|
4 383
|
4 437
|
4 500
|
4 547
|
4 533
|
4 547
|
4 557
|
4 578
|
4 662
|
4 711
|
4 794
|
4 895
|
5 008
|
5 153
|
5 279
|
5 397
|
5 516
|
5 617
|
5 694
|
|
Revenue |
4 794
N/A
|
4 857
+1%
|
4 948
+2%
|
5 012
+1%
|
5 073
+1%
|
5 131
+1%
|
5 157
+1%
|
5 128
-1%
|
5 061
-1%
|
5 008
-1%
|
4 936
-1%
|
4 940
+0%
|
4 081
-17%
|
4 095
+0%
|
3 699
-10%
|
3 544
-4%
|
4 274
+21%
|
4 126
-3%
|
4 425
+7%
|
4 481
+1%
|
4 542
+1%
|
4 598
+1%
|
4 656
+1%
|
4 713
+1%
|
4 786
+2%
|
4 836
+1%
|
4 810
-1%
|
4 830
+0%
|
4 840
+0%
|
4 864
+0%
|
4 969
+2%
|
5 025
+1%
|
5 109
+2%
|
5 215
+2%
|
5 299
+2%
|
5 434
+3%
|
5 549
+2%
|
5 665
+2%
|
5 820
+3%
|
5 931
+2%
|
6 017
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(4 399)
|
(4 478)
|
(4 528)
|
(4 603)
|
(4 624)
|
(4 675)
|
(4 693)
|
(4 627)
|
(4 573)
|
(4 472)
|
(4 432)
|
(4 429)
|
(3 848)
|
(3 933)
|
(3 567)
|
(3 454)
|
(3 930)
|
(3 761)
|
(4 021)
|
(4 062)
|
(4 139)
|
(4 179)
|
(4 236)
|
(4 278)
|
(4 331)
|
(4 370)
|
(4 363)
|
(4 373)
|
(4 339)
|
(4 399)
|
(4 453)
|
(4 593)
|
(4 673)
|
(4 704)
|
(4 835)
|
(4 967)
|
(5 291)
|
(5 551)
|
(5 881)
|
(6 033)
|
(5 918)
|
|
Benefits Claims Loss Adjustment |
(2 761)
|
(2 828)
|
(2 862)
|
(2 921)
|
(2 928)
|
(2 950)
|
(2 970)
|
(2 905)
|
(2 884)
|
(2 811)
|
(2 795)
|
(2 797)
|
(2 546)
|
(2 613)
|
(2 398)
|
(2 363)
|
(2 580)
|
(2 484)
|
(2 640)
|
(2 660)
|
(2 725)
|
(2 753)
|
(2 800)
|
(2 829)
|
(2 866)
|
(2 894)
|
(2 888)
|
(2 893)
|
(2 845)
|
(2 898)
|
(2 931)
|
(3 066)
|
(3 134)
|
(3 140)
|
(3 241)
|
(3 336)
|
(3 623)
|
(3 853)
|
(4 148)
|
(4 270)
|
(4 135)
|
|
Policy Acquisition Expense |
(971)
|
(982)
|
(1 009)
|
(1 025)
|
(1 040)
|
(1 047)
|
(1 049)
|
(1 048)
|
(1 033)
|
(1 032)
|
(1 024)
|
(1 023)
|
(804)
|
(811)
|
(704)
|
(658)
|
(841)
|
(793)
|
(867)
|
(880)
|
(892)
|
(903)
|
(912)
|
(920)
|
(927)
|
(934)
|
(941)
|
(946)
|
(951)
|
(954)
|
(961)
|
(968)
|
(983)
|
(1 005)
|
(1 030)
|
(1 064)
|
(1 093)
|
(1 119)
|
(1 143)
|
(1 162)
|
(1 176)
|
|
Other Operating Expenses |
(667)
|
(668)
|
(657)
|
(656)
|
(657)
|
(678)
|
(674)
|
(675)
|
(656)
|
(630)
|
(613)
|
(609)
|
(499)
|
(509)
|
(464)
|
(433)
|
(510)
|
(484)
|
(515)
|
(522)
|
(522)
|
(523)
|
(525)
|
(530)
|
(539)
|
(542)
|
(533)
|
(534)
|
(543)
|
(547)
|
(560)
|
(559)
|
(556)
|
(558)
|
(564)
|
(567)
|
(574)
|
(579)
|
(591)
|
(601)
|
(608)
|
|
Operating Income |
394
N/A
|
379
-4%
|
420
+11%
|
409
-3%
|
449
+10%
|
456
+2%
|
464
+2%
|
501
+8%
|
488
-3%
|
536
+10%
|
504
-6%
|
511
+1%
|
233
-54%
|
163
-30%
|
132
-19%
|
90
-31%
|
344
+280%
|
365
+6%
|
404
+11%
|
419
+4%
|
404
-4%
|
419
+4%
|
420
+0%
|
435
+4%
|
455
+5%
|
466
+2%
|
448
-4%
|
457
+2%
|
501
+10%
|
464
-7%
|
517
+11%
|
432
-16%
|
437
+1%
|
511
+17%
|
464
-9%
|
467
+1%
|
258
-45%
|
114
-56%
|
(61)
N/A
|
(102)
-67%
|
99
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(65)
|
(67)
|
(66)
|
(66)
|
(65)
|
(65)
|
(63)
|
(62)
|
(60)
|
(59)
|
(60)
|
(57)
|
(51)
|
(49)
|
(44)
|
(43)
|
(45)
|
(67)
|
(62)
|
(39)
|
(89)
|
(15)
|
(7)
|
(14)
|
69
|
(116)
|
(66)
|
(51)
|
(24)
|
153
|
118
|
90
|
85
|
28
|
(58)
|
(87)
|
(97)
|
(87)
|
(29)
|
(5)
|
(40)
|
|
Non-Reccuring Items |
0
|
0
|
(0)
|
(0)
|
(6)
|
(8)
|
28
|
24
|
12
|
(7)
|
(133)
|
(129)
|
(116)
|
(97)
|
(8)
|
(9)
|
(6)
|
(5)
|
(5)
|
(4)
|
(33)
|
(32)
|
(31)
|
(31)
|
(2)
|
(31)
|
(29)
|
(35)
|
(33)
|
(4)
|
(6)
|
2
|
(1)
|
(2)
|
(1)
|
(17)
|
(17)
|
(31)
|
(33)
|
(17)
|
(18)
|
|
Pre-Tax Income |
329
N/A
|
312
-5%
|
354
+13%
|
343
-3%
|
378
+10%
|
383
+1%
|
428
+12%
|
463
+8%
|
439
-5%
|
471
+7%
|
311
-34%
|
325
+4%
|
66
-80%
|
17
-74%
|
80
+373%
|
39
-52%
|
293
+661%
|
293
+0%
|
337
+15%
|
377
+12%
|
283
-25%
|
372
+32%
|
382
+3%
|
390
+2%
|
522
+34%
|
320
-39%
|
353
+10%
|
371
+5%
|
445
+20%
|
613
+38%
|
630
+3%
|
524
-17%
|
521
0%
|
537
+3%
|
406
-25%
|
364
-10%
|
144
-60%
|
(4)
N/A
|
(122)
-3 397%
|
(124)
-1%
|
41
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(83)
|
(78)
|
(91)
|
(86)
|
(96)
|
(100)
|
(107)
|
(120)
|
(109)
|
(117)
|
(76)
|
(78)
|
1
|
17
|
(8)
|
4
|
(67)
|
(62)
|
(63)
|
(58)
|
(44)
|
(61)
|
(69)
|
(69)
|
(93)
|
(52)
|
(55)
|
(65)
|
(83)
|
(119)
|
(122)
|
(100)
|
(101)
|
(105)
|
(80)
|
(72)
|
(27)
|
3
|
29
|
38
|
(8)
|
|
Income from Continuing Operations |
246
|
234
|
263
|
257
|
282
|
283
|
321
|
343
|
331
|
354
|
235
|
246
|
67
|
34
|
72
|
43
|
226
|
231
|
274
|
318
|
239
|
311
|
314
|
321
|
429
|
268
|
298
|
306
|
362
|
494
|
508
|
423
|
420
|
433
|
326
|
292
|
117
|
(1)
|
(93)
|
(86)
|
34
|
|
Net Income (Common) |
251
N/A
|
239
-5%
|
269
+12%
|
262
-2%
|
282
+8%
|
282
+0%
|
320
+13%
|
344
+7%
|
332
-4%
|
355
+7%
|
236
-33%
|
246
+4%
|
155
-37%
|
122
-21%
|
199
+63%
|
121
-39%
|
186
+54%
|
209
+12%
|
230
+10%
|
319
+39%
|
391
+23%
|
446
+14%
|
420
-6%
|
439
+4%
|
425
-3%
|
263
-38%
|
304
+16%
|
304
N/A
|
359
+18%
|
491
+37%
|
505
+3%
|
420
-17%
|
419
0%
|
431
+3%
|
325
-25%
|
291
-10%
|
116
-60%
|
(1)
N/A
|
(93)
-11 475%
|
(84)
+9%
|
35
N/A
|
|
EPS (Diluted) |
5.6
N/A
|
5.34
-5%
|
5.98
+12%
|
5.83
-3%
|
6.29
+8%
|
6.25
-1%
|
7.11
+14%
|
7.64
+7%
|
7.38
-3%
|
8.15
+10%
|
5.44
-33%
|
5.72
+5%
|
3.59
-37%
|
2.84
-21%
|
4.57
+61%
|
2.82
-38%
|
4.33
+54%
|
4.84
+12%
|
5.32
+10%
|
7.39
+39%
|
9.09
+23%
|
10.81
+19%
|
10.2
-6%
|
10.91
+7%
|
10.47
-4%
|
6.85
-35%
|
7.93
+16%
|
7.99
+1%
|
9.41
+18%
|
13.31
+41%
|
13.82
+4%
|
11.56
-16%
|
11.5
-1%
|
11.93
+4%
|
8.99
-25%
|
8.06
-10%
|
3.21
-60%
|
-0.02
N/A
|
-2.59
-12 850%
|
-2.33
+10%
|
0.97
N/A
|