Hanover Historical Income Statement
| THG Stock | USD 162.74 0.00 0.00% |
Historical analysis of Hanover Insurance income statement accounts such as Operating Income of 45.6 M, Ebit of 65.5 M, EBITDA of 71.4 M or Total Operating Expenses of 6.3 B can show how well The Hanover Insurance performed in making a profits. Evaluating Hanover Insurance income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Hanover Insurance's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Hanover Insurance latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Hanover Insurance is a good buy for the upcoming year.
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About Hanover Income Statement Analysis
Hanover Insurance Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Hanover Insurance shareholders. The income statement also shows Hanover investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Hanover Insurance Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Hanover Insurance generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of The Hanover Insurance minus its cost of goods sold. It is profit before Hanover Insurance operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Hanover Insurance. It is also known as Hanover Insurance overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Hanover Insurance operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of The Hanover Insurance is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most accounts from Hanover Insurance's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Hanover Insurance current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The Hanover Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. At this time, Hanover Insurance's Total Operating Expenses is most likely to increase significantly in the upcoming years. The Hanover Insurance's current Net Income Applicable To Common Shares is estimated to increase to about 220.3 M, while Interest Expense is projected to decrease to roughly 25.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.2B | 5.5B | 6.0B | 4.3B | Total Revenue | 5.2B | 5.5B | 6.0B | 4.3B |
Hanover Insurance income statement Correlations
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Hanover Insurance income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 37.5M | 37.1M | 34M | 34.1M | 39.2M | 25.5M | |
| Total Revenue | 4.9B | 4.8B | 5.2B | 5.5B | 6.0B | 4.3B | |
| Gross Profit | 4.9B | 4.8B | 5.2B | 5.5B | 6.0B | 4.3B | |
| Other Operating Expenses | 4.4B | 4.4B | 4.7B | 5.3B | 6.0B | 4.0B | |
| Operating Income | 518.2M | 441.5M | 520M | 177.3M | 48M | 45.6M | |
| Ebit | 518.2M | 481.9M | 538.4M | 165.2M | 68.9M | 65.5M | |
| Ebitda | 539.8M | 500.1M | 555.3M | 178.1M | 75.2M | 71.4M | |
| Total Operating Expenses | (4.4B) | (4.4B) | (4.7B) | 573.9M | 6.0B | 6.3B | |
| Income Before Tax | 522.1M | 444.8M | 521.3M | 144M | 41.1M | 39.0M | |
| Total Other Income Expense Net | 3.9M | (4.4B) | (34.0M) | (34.1M) | (6.9M) | (6.6M) | |
| Net Income | 425.1M | 358.7M | 422.8M | 116M | 35.3M | 33.5M | |
| Income Tax Expense | 93.1M | 82.8M | 101.3M | 27.2M | 7.6M | 7.2M | |
| Depreciation And Amortization | 21.6M | 18.2M | 16.9M | 12.9M | 6.3M | 6.0M | |
| Cost Of Revenue | 3.4B | 3.6B | 3.8B | (18M) | (20.7M) | (19.7M) | |
| Net Income Applicable To Common Shares | 425.1M | 358.7M | 418.7M | 116M | 133.4M | 220.3M | |
| Extraordinary Items | (3.9M) | (3.3M) | (1.3M) | (800K) | (920K) | (874K) | |
| Discontinued Operations | (2.7M) | (3.3M) | (1.3M) | (800K) | (720K) | (684K) | |
| Net Income From Continuing Ops | 429M | 362M | 420M | 116.8M | 33.5M | 31.8M | |
| Tax Provision | 93.1M | 82.8M | 101.3M | 27.2M | 7.6M | 7.2M | |
| Interest Income | 37.5M | 23.7M | 85.1M | 97.4M | 112.0M | 61.3M | |
| Net Interest Income | (37.5M) | (37.1M) | (34M) | (34.1M) | (39.2M) | (41.2M) | |
| Reconciled Depreciation | 21.6M | 18.2M | 16.9M | 12.9M | 6.3M | 6.0M |
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When determining whether Hanover Insurance is a strong investment it is important to analyze Hanover Insurance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hanover Insurance's future performance. For an informed investment choice regarding Hanover Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The Hanover Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hanover Insurance. If investors know Hanover will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hanover Insurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 10.656 | Dividend Share 3.4 | Earnings Share 10.03 | Revenue Per Share 172.438 | Quarterly Revenue Growth 0.032 |
The market value of Hanover Insurance is measured differently than its book value, which is the value of Hanover that is recorded on the company's balance sheet. Investors also form their own opinion of Hanover Insurance's value that differs from its market value or its book value, called intrinsic value, which is Hanover Insurance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hanover Insurance's market value can be influenced by many factors that don't directly affect Hanover Insurance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hanover Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hanover Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hanover Insurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.