Hanover Net Invested Capital vs Retained Earnings Analysis

THG Stock

USD 162.74 0.00 0.00%

Hanover Insurance financial indicator trend analysis is much more than just examining Hanover Insurance latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hanover Insurance is a good investment. Please check the relationship between Hanover Insurance Net Invested Capital and its Retained Earnings accounts. 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.

Net Invested Capital vs Retained Earnings

Net Invested Capital vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hanover Insurance Net Invested Capital account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Hanover Insurance's Net Invested Capital and Retained Earnings is -0.51. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of The Hanover Insurance, assuming nothing else is changed. The correlation between historical values of Hanover Insurance's Net Invested Capital and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of The Hanover Insurance are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Invested Capital i.e., Hanover Insurance's Net Invested Capital and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.51

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Hanover Insurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Enterprise Value is most likely to increase significantly in the upcoming years.

	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

Gross Profit Total Revenue

Hanover Insurance fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Short Term Investments	Common Stock	Other Liab	Accounts Payable	Long Term Debt	Treasury Stock
Total Assets		-0.35	0.07	0.06	-0.6	0.17	-0.38	-0.26	0.27	-0.03	0.29	0.97	-0.5	-0.13	-0.49	-0.02	-0.09	0.51	-0.49	-0.48	-0.29	-0.48	0.0	-0.02	-0.72	0.24
Short Long Term Debt Total	-0.35		0.21	-0.17	0.67	0.4	0.48	0.45	-0.32	-0.05	-0.33	-0.46	0.1	0.54	-0.14	0.1	-0.23	-0.21	-0.14	0.22	0.24	0.22	-0.32	-0.07	0.51	-0.34
Other Current Liab	0.07	0.21		-0.7	0.22	0.08	-0.21	0.66	0.55	0.12	0.58	-0.06	-0.11	0.62	-0.02	-0.23	-0.81	0.26	-0.02	-0.51	0.75	-0.51	0.44	0.49	0.18	0.53
Total Current Liabilities	0.06	-0.17	-0.7		-0.13	0.22	0.17	-0.19	-0.55	0.39	-0.46	0.18	-0.17	-0.41	-0.15	-0.44	0.96	0.33	-0.15	0.77	-0.4	0.77	-0.26	-0.24	0.03	-0.37
Total Stockholder Equity	-0.6	0.67	0.22	-0.13		0.24	0.6	0.75	-0.39	-0.08	-0.39	-0.73	0.41	0.39	0.05	0.04	-0.16	-0.38	0.05	0.42	0.56	0.42	0.04	-0.08	0.63	-0.37
Net Debt	0.17	0.4	0.08	0.22	0.24		0.34	0.31	-0.42	0.2	-0.46	0.13	-0.61	0.24	-0.87	-0.28	0.01	0.46	-0.87	0.24	0.09	0.24	-0.31	-0.12	0.1	-0.46
Retained Earnings	-0.38	0.48	-0.21	0.17	0.6	0.34		0.19	-0.89	-0.03	-0.83	-0.44	0.38	-0.16	-0.17	0.04	0.09	-0.29	-0.17	0.57	0.01	0.57	-0.28	-0.51	0.42	-0.85
Net Receivables	-0.26	0.45	0.66	-0.19	0.75	0.31	0.19		0.01	0.21	0.06	-0.39	0.05	0.59	-0.06	-0.39	-0.33	0.16	-0.06	0.17	0.82	0.17	0.39	0.34	0.52	0.08
Common Stock Shares Outstanding	0.27	-0.32	0.55	-0.55	-0.39	-0.42	-0.89	0.01		-0.06	0.96	0.26	-0.2	0.33	0.27	0.06	-0.48	0.15	0.27	-0.76	0.28	-0.76	0.39	0.56	-0.3	0.94
Non Current Liabilities Total	-0.03	-0.05	0.12	0.39	-0.08	0.2	-0.03	0.21	-0.06		0.11	0.05	-0.47	0.33	0.12	-0.89	0.26	0.76	0.12	0.45	0.08	0.45	0.07	0.59	0.55	0.17
Other Stockholder Equity	0.29	-0.33	0.58	-0.46	-0.39	-0.46	-0.83	0.06	0.96	0.11		0.27	-0.18	0.37	0.36	-0.08	-0.42	0.25	0.36	-0.64	0.32	-0.64	0.42	0.64	-0.19	0.99
Total Liab	0.97	-0.46	-0.06	0.18	-0.73	0.13	-0.44	-0.39	0.26	0.05	0.27		-0.54	-0.23	-0.44	-0.1	0.06	0.56	-0.44	-0.42	-0.41	-0.42	-0.03	-0.01	-0.73	0.24
Total Current Assets	-0.5	0.1	-0.11	-0.17	0.41	-0.61	0.38	0.05	-0.2	-0.47	-0.18	-0.54		-0.32	0.59	0.38	-0.02	-0.79	0.59	0.11	0.14	0.11	0.06	-0.42	0.15	-0.21
Short Term Debt	-0.13	0.54	0.62	-0.41	0.39	0.24	-0.16	0.59	0.33	0.33	0.37	-0.23	-0.32		0.06	-0.18	-0.5	0.23	0.06	-0.11	0.48	-0.11	0.17	0.72	0.56	0.39
Cash	-0.49	-0.14	-0.02	-0.15	0.05	-0.87	-0.17	-0.06	0.27	0.12	0.36	-0.44	0.59	0.06		0.02	0.04	-0.38	1.0	0.08	0.05	0.08	0.25	0.33	0.39	0.39
Non Current Assets Total	-0.02	0.1	-0.23	-0.44	0.04	-0.28	0.04	-0.39	0.06	-0.89	-0.08	-0.1	0.38	-0.18	0.02		-0.27	-0.81	0.02	-0.42	-0.24	-0.42	-0.16	-0.44	-0.41	-0.14
Non Currrent Assets Other	-0.09	-0.23	-0.81	0.96	-0.16	0.01	0.09	-0.33	-0.48	0.26	-0.42	0.06	-0.02	-0.5	0.04	-0.27		0.12	0.04	0.74	-0.47	0.74	-0.27	-0.27	0.0	-0.33
Other Assets	0.51	-0.21	0.26	0.33	-0.38	0.46	-0.29	0.16	0.15	0.76	0.25	0.56	-0.79	0.23	-0.38	-0.81	0.12		-0.38	0.06	0.05	0.06	0.1	0.47	0.01	0.28
Cash And Short Term Investments	-0.49	-0.14	-0.02	-0.15	0.05	-0.87	-0.17	-0.06	0.27	0.12	0.36	-0.44	0.59	0.06	1.0	0.02	0.04	-0.38		0.08	0.05	0.08	0.25	0.33	0.39	0.39
Common Stock Total Equity	-0.48	0.22	-0.51	0.77	0.42	0.24	0.57	0.17	-0.76	0.45	-0.64	-0.42	0.11	-0.11	0.08	-0.42	0.74	0.06	0.08		-0.08	1.0	-0.21	-0.14	0.59	-0.55
Short Term Investments	-0.29	0.24	0.75	-0.4	0.56	0.09	0.01	0.82	0.28	0.08	0.32	-0.41	0.14	0.48	0.05	-0.24	-0.47	0.05	0.05	-0.08		-0.08	0.49	0.35	0.36	0.32
Common Stock	-0.48	0.22	-0.51	0.77	0.42	0.24	0.57	0.17	-0.76	0.45	-0.64	-0.42	0.11	-0.11	0.08	-0.42	0.74	0.06	0.08	1.0	-0.08		-0.21	-0.14	0.59	-0.55
Other Liab	0.0	-0.32	0.44	-0.26	0.04	-0.31	-0.28	0.39	0.39	0.07	0.42	-0.03	0.06	0.17	0.25	-0.16	-0.27	0.1	0.25	-0.21	0.49	-0.21		0.52	-0.02	0.43
Accounts Payable	-0.02	-0.07	0.49	-0.24	-0.08	-0.12	-0.51	0.34	0.56	0.59	0.64	-0.01	-0.42	0.72	0.33	-0.44	-0.27	0.47	0.33	-0.14	0.35	-0.14	0.52		0.39	0.68
Long Term Debt	-0.72	0.51	0.18	0.03	0.63	0.1	0.42	0.52	-0.3	0.55	-0.19	-0.73	0.15	0.56	0.39	-0.41	0.0	0.01	0.39	0.59	0.36	0.59	-0.02	0.39		-0.13
Treasury Stock	0.24	-0.34	0.53	-0.37	-0.37	-0.46	-0.85	0.08	0.94	0.17	0.99	0.24	-0.21	0.39	0.39	-0.14	-0.33	0.28	0.39	-0.55	0.32	-0.55	0.43	0.68	-0.13

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Hanover Insurance Account Relationship Matchups

Hanover Insurance fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.5B	13.4B	14.3B	14.0B	14.6B	13.5B
Short Long Term Debt Total	653.4M	1.6B	1.6B	782.4M	783.2M	724.5M
Other Current Liab	(53.4M)	(48.4M)	(55.1M)	(70.3M)	(840.2M)	(798.2M)
Total Current Liabilities	53.4M	48.4M	55.1M	731.7M	6.1B	5.2B
Total Stockholder Equity	2.9B	3.2B	3.1B	2.3B	2.5B	2.7B
Net Debt	437.7M	660.2M	550.7M	477.4M	467.1M	490.5M
Retained Earnings	2.4B	2.7B	3.0B	3.0B	2.9B	1.5B
Net Receivables	3.1B	3.2B	3.4B	1.6B	1.7B	2.5B
Common Stock Shares Outstanding	40.6M	38.1M	36.4M	36.1M	32.5M	38.3M
Liabilities And Stockholders Equity	12.5B	13.4B	14.3B	14.0B	14.6B	13.5B
Non Current Liabilities Total	705.2M	878.1M	842.4M	10.9B	12.1B	7.8B
Other Stockholder Equity	352.1M	161.1M	38.9M	41.7M	72.8M	69.2M
Total Liab	9.6B	10.2B	11.1B	11.7B	12.1B	11.4B
Total Current Assets	3.3B	3.3B	3.6B	2.7B	2.0B	2.3B
Cash	215.7M	120.6M	230.9M	305M	316.1M	317.1M
Non Current Assets Total	7.4B	8.2B	8.6B	378M	777.6M	738.7M
Non Currrent Assets Other	(7.4B)	(8.2B)	(8.6B)	(7.7B)	(777.6M)	(816.5M)
Other Assets	1.8B	1.9B	2.1B	10.9B	11.8B	8.9B
Cash And Short Term Investments	215.7M	120.6M	230.9M	305M	316.1M	317.1M
Short Term Investments	6.7B	7.5B	767.4M	786.1M	468.6M	445.2M
Accumulated Other Comprehensive Income	152.6M	372.5M	122.2M	(705.5M)	(517.2M)	(491.3M)
Other Liab	3.6B	4.0B	97.3M	60.8M	69.9M	66.4M
Accounts Payable	53.4M	48.4M	55.1M	70.3M	64.3M	61.1M
Long Term Debt	653.4M	780.8M	781.6M	782.4M	783.2M	697.6M
Treasury Stock	(1.5B)	(1.7B)	(1.8B)	(1.9B)	(1.7B)	(1.6B)
Other Current Assets	1.9B	1.9B	2.0B	(2.0B)	2.5B	3.4B
Retained Earnings Total Equity	2.4B	2.7B	3.0B	3.0B	3.4B	1.9B
Inventory	(1.9B)	(1.9B)	(2.0B)	786.1M	(7.0B)	(6.7B)
Net Tangible Assets	2.7B	3.0B	3.0B	2.1B	2.5B	2.9B
Long Term Debt Total	653.4M	780.8M	781.6M	782.4M	704.2M	641.4M
Capital Surpluse	1.8B	1.9B	1.9B	1.9B	2.2B	2.0B
Long Term Investments	8.0B	8.9B	9.2B	8.6B	8.1B	8.9B
Non Current Liabilities Other	8.2B	8.7B	9.4B	10.2B	9.1B	7.4B

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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:

How To Invest In Hanover

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Is Hanover Stock a good investment?

Details

What is Hanover Insurance's Net Worth?

Details

Largest Property & Casualty Insurance Companies

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Largest Insurance - Property & Casualty Companies

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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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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.

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Hanover Net Invested Capital vs Retained Earnings Analysis

Net Invested Capital vs Retained Earnings

Net Invested Capital vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Invested Capital

Retained Earnings

Hanover Insurance fundamental ratios Correlations

Hanover Insurance Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hanover Insurance fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Treasury Stock	+ 0.99	Other Stockholder Equity
Total Liab	+ 0.97	Total Assets
Non Currrent Assets Other	+ 0.96	Total Current Liabilities
Other Stockholder Equity	+ 0.96	Common Stock Shares Outstanding

Non Current Assets Total	- 0.89	Non Current Liabilities Total
Common Stock Shares Outstanding	- 0.89	Retained Earnings
Cash And Short Term Investments	- 0.87	Net Debt
Cash	- 0.87	Net Debt
Treasury Stock	- 0.85	Retained Earnings
Other Stockholder Equity	- 0.83	Retained Earnings