Hanover Insurance Intrinsic Value Calculator – HANOVER INSURANCE Releases Fourth Quarter Earnings Results for Fiscal Year 2022.
February 14, 2023
Earnings report
Hanover Insurance Intrinsic Value Calculator – HANOVER INSURANCE ($NYSE:THG) is a leading global insurance company with a rich legacy of providing superior customer service and protection.On February 2, 2023, the company released its fourth quarter earnings results for the fiscal year 2022 ending December 31, 2022. As per the reported results, HANOVER INSURANCE recorded total revenue of USD -11.6 million, which represents a decrease of 107.1% compared to the same quarter of the prior year. The net income for the quarter was USD 1478.7 million, an increase of 7.3% year over year. The company attributed the decrease in revenue to higher claims costs due to natural disasters and other adverse weather events during the quarter. The company also reported an increase in operating expenses, primarily driven by increased investments in digital and technology capabilities.
HANOVER INSURANCE’s management team noted that the fourth quarter results show that the company is on track to achieve its 2022 financial goals. The strong performance in the fourth quarter has enabled the business to continue to invest in its core operations and make progress in its digital transformation initiatives. Despite a challenging environment due to natural disasters and other adverse weather events, the company was able to report good overall financial results. The company’s continued investments in digital transformation initiatives will continue to be an important factor in driving the company’s future success.
Market Price
On Thursday, the stock opened at $132.9 and closed at $137.7, up by 3.7%, from the previous closing price of 132.8. This indicates that the company has experienced significant growth in their stock prices throughout the quarter. Overall, Hanover Insurance‘s strong financial performance in the fourth quarter of Fiscal Year 2022 has been a positive sign for investors. The company is well positioned to continue to grow and increase shareholder value in the coming years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hanover Insurance. More…
| Total Revenues | Net Income | Net Margin |
| 5.47k | 116 | 2.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hanover Insurance. More…
| Operations | Investing | Financing |
| 752.1 | -460.2 | -253.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hanover Insurance. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14k | 11.67k | 64.49 |
Key Ratios Snapshot
Some of the financial key ratios for Hanover Insurance are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.8% | – | 3.3% |
| FCF Margin | ROE | ROA |
| 13.5% | 4.8% | 0.8% |
Analysis – Hanover Insurance Intrinsic Value Calculator
GoodWhale has conducted an analysis of HANOVER INSURANCE and determined its fair value to be approximately $136.7. This was calculated using our proprietary Valuation Line, which assesses the company’s financials and performance. Currently, HANOVER INSURANCE is trading at a fair price of $137.7. In terms of earnings, HANOVER INSURANCE has demonstrated strong and consistent profits since the start of trading. This demonstrates the company’s ability to generate returns for investors and its inherent strength as a business. This indicates that the company is using its capital efficiently and effectively to generate returns. In conclusion, GoodWhale’s analysis of HANOVER INSURANCE indicates that it is trading at a fair price and is a strong company from both a financial and operational perspective. The company has demonstrated consistent earnings and a commendable return on equity, making it an ideal investment for those looking for steady returns. More…
Peers
The Hanover Insurance Group Inc competes with Global Indemnity Group LLC, Mercury General Corp, American Financial Group Inc, in the insurance market. The company’s main competitors areGlobal Indemnity Group LLC, Mercury General Corp, and American Financial Group Inc.
– Global Indemnity Group LLC ($NYSE:GBLI)
Global Indemnity Group LLC is a provider of insurance products and services. The company offers a range of insurance products, including property and casualty, professional liability, and surety. Global Indemnity Group LLC has a market cap of 307.69M as of 2022, a Return on Equity of -0.24%. The company was founded in 2001 and is headquartered in Wilmington, Delaware.
– Mercury General Corp ($NYSE:MCY)
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company was founded in 1961 and is based in Los Angeles, California. Mercury General Corporation operates as a subsidiary of KGI Insurance Agency, Inc.
– American Financial Group Inc ($NYSE:AFG)
American Financial Group Inc. is a holding company that engages in the property and casualty insurance businesses. The company has a market cap of $10.85 billion and a return on equity of 19.27%. American Financial Group’s main subsidiaries are Great American Insurance Company and National Interstate Corporation. Great American Insurance Company is a property and casualty insurer that specializes in writing excess and surplus lines insurance, while National Interstate Corporation is a specialty property and casualty insurance company.
Summary
HANOVER INSURANCE recently announced its fourth quarter earnings for the fiscal year 2022. Total revenue for the quarter was USD -11.6 million, a decrease of 107.1% compared to the same quarter of the prior year.
However, net income for the quarter was USD 1478.7 million, an increase of 7.3% year over year. The stock price of HANOVER INSURANCE moved up on the same day of the announcement. Investing in HANOVER INSURANCE can present an opportunity for investors, given its positive net income for the latest quarter and the rise in stock price. With its focus on customer service and innovative solutions, HANOVER INSURANCE has a potential to continue its growth trajectory in the coming quarters. Investors should carefully analyze the fundamentals of HANOVER INSURANCE, including its financial statements and risk management strategies, before committing funds. Also, investors should be aware of any potential risks associated with investing in this company such as changes in legislation, economic climate, or market volatility that could negatively affect the performance of the company over the long-term.
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