Hanover Total Assets vs Net Receivables Analysis

THG Stock

USD 156.77 4.08 2.67%

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 Total Assets and its Net Receivables 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.

Total Assets vs Net Receivables

Total Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hanover Insurance Total Assets account and Net Receivables. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Hanover Insurance's Total Assets and Net Receivables is -0.16. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Receivables 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 Total Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of The Hanover Insurance are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Assets i.e., Hanover Insurance's Total Assets and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.16

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Total Assets

Total assets refers to the total amount of Hanover Insurance assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Hanover Insurance books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Net Receivables

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.

The Hanover Insurance's current Discontinued Operations is estimated to increase to about (684 K). The current Tax Provision is estimated to decrease to about 56.9 M

	2022	2023	2024	2025 (projected)
Gross Profit	5.5B	6.0B	6.2B	4.4B
Total Revenue	5.5B	6.0B	6.2B	4.4B

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		-0.36	0.23	0.14	-0.56	0.18	-0.29	-0.16	0.22	0.03	0.2	0.98	-0.49	-0.19	-0.48	-0.06	-0.01	0.53	-0.48	-0.39	-0.37	-0.39	-0.05	-0.08	-0.71	0.14
Short Long Term Debt Total	-0.36		0.02	-0.11	0.66	0.44	0.31	0.48	-0.32	-0.07	-0.29	-0.46	0.11	0.55	-0.16	0.12	-0.16	-0.23	-0.16	0.22	0.19	0.22	-0.29	-0.04	0.51	-0.28
Other Current Liab	0.23	0.02		0.92	-0.14	0.31	0.14	0.05	-0.24	0.31	-0.2	0.24	-0.22	-0.1	-0.27	-0.21	0.86	0.3	-0.27	-0.15	-0.26	-0.15	-0.17	-0.12	0.04	-0.27
Total Current Liabilities	0.14	-0.11	0.92		-0.15	0.18	0.28	-0.14	-0.36	0.45	-0.31	0.19	-0.18	-0.23	-0.12	-0.4	0.93	0.37	-0.12	0.1	-0.28	0.1	-0.16	-0.12	0.12	-0.35
Total Stockholder Equity	-0.56	0.66	-0.14	-0.15		0.24	0.55	0.75	-0.47	-0.05	-0.4	-0.69	0.43	0.35	0.05	0.01	-0.22	-0.35	0.05	0.58	0.41	0.57	0.02	-0.1	0.63	-0.36
Net Debt	0.18	0.44	0.31	0.18	0.24		0.23	0.36	-0.33	0.17	-0.33	0.11	-0.59	0.34	-0.86	-0.2	-0.05	0.42	-0.86	0.03	0.25	0.03	-0.23	-0.04	0.14	-0.36
Retained Earnings	-0.29	0.31	0.14	0.28	0.55	0.23		0.24	-0.97	0.07	-0.95	-0.29	0.25	-0.37	-0.14	-0.14	0.16	-0.14	-0.14	0.74	-0.03	0.74	-0.41	-0.64	0.29	-0.92
Net Receivables	-0.16	0.48	0.05	-0.14	0.75	0.36	0.24		-0.14	-0.01	-0.06	-0.31	0.19	0.35	-0.21	-0.09	-0.28	-0.06	-0.21	0.15	0.53	0.15	0.11	-0.05	0.32	-0.06
Common Stock Shares Outstanding	0.22	-0.32	-0.24	-0.36	-0.47	-0.33	-0.97	-0.14		-0.08	0.98	0.23	-0.17	0.34	0.23	0.1	-0.25	0.1	0.23	-0.65	0.09	-0.65	0.42	0.61	-0.28	0.98
Non Current Liabilities Total	0.03	-0.07	0.31	0.45	-0.05	0.17	0.07	-0.01	-0.08		0.03	0.1	-0.48	0.26	0.13	-0.89	0.28	0.78	0.13	0.42	0.13	0.42	0.02	0.49	0.52	0.07
Other Stockholder Equity	0.2	-0.29	-0.2	-0.31	-0.4	-0.33	-0.95	-0.06	0.98	0.03		0.2	-0.13	0.4	0.29	-0.01	-0.22	0.16	0.29	-0.6	0.16	-0.6	0.46	0.67	-0.17	0.99
Total Liab	0.98	-0.46	0.24	0.19	-0.69	0.11	-0.29	-0.31	0.23	0.1	0.2		-0.54	-0.26	-0.42	-0.13	0.05	0.58	-0.42	-0.38	-0.42	-0.38	-0.07	-0.06	-0.72	0.15
Total Current Assets	-0.49	0.11	-0.22	-0.18	0.43	-0.59	0.25	0.19	-0.17	-0.48	-0.13	-0.54		-0.27	0.59	0.4	0.01	-0.79	0.59	0.13	0.13	0.13	0.09	-0.37	0.15	-0.14
Short Term Debt	-0.19	0.55	-0.1	-0.23	0.35	0.34	-0.37	0.35	0.34	0.26	0.4	-0.26	-0.27		0.01	-0.13	-0.3	0.16	0.01	-0.07	0.31	-0.07	0.2	0.74	0.57	0.43
Cash	-0.48	-0.16	-0.27	-0.12	0.05	-0.86	-0.14	-0.21	0.23	0.13	0.29	-0.42	0.59	0.01		-0.01	0.09	-0.36	1.0	0.21	-0.05	0.21	0.21	0.28	0.38	0.34
Non Current Assets Total	-0.06	0.12	-0.21	-0.4	0.01	-0.2	-0.14	-0.09	0.1	-0.89	-0.01	-0.13	0.4	-0.13	-0.01		-0.16	-0.82	-0.01	-0.43	-0.34	-0.43	-0.11	-0.34	-0.39	-0.05
Non Currrent Assets Other	-0.01	-0.16	0.86	0.93	-0.22	-0.05	0.16	-0.28	-0.25	0.28	-0.22	0.05	0.01	-0.3	0.09	-0.16		0.11	0.09	-0.01	-0.36	-0.01	-0.14	-0.12	0.1	-0.27
Other Assets	0.53	-0.23	0.3	0.37	-0.35	0.42	-0.14	-0.06	0.1	0.78	0.16	0.58	-0.79	0.16	-0.36	-0.82	0.11		-0.36	0.08	0.08	0.08	0.05	0.38	-0.01	0.16
Cash And Short Term Investments	-0.48	-0.16	-0.27	-0.12	0.05	-0.86	-0.14	-0.21	0.23	0.13	0.29	-0.42	0.59	0.01	1.0	-0.01	0.09	-0.36		0.21	-0.05	0.21	0.21	0.28	0.38	0.34
Common Stock Total Equity	-0.39	0.22	-0.15	0.1	0.58	0.03	0.74	0.15	-0.65	0.42	-0.6	-0.38	0.13	-0.07	0.21	-0.43	-0.01	0.08	0.21		0.04	1.0	-0.2	-0.18	0.53	-0.51
Short Term Investments	-0.37	0.19	-0.26	-0.28	0.41	0.25	-0.03	0.53	0.09	0.13	0.16	-0.42	0.13	0.31	-0.05	-0.34	-0.36	0.08	-0.05	0.04		0.04	0.4	0.27	0.39	0.17
Common Stock	-0.39	0.22	-0.15	0.1	0.57	0.03	0.74	0.15	-0.65	0.42	-0.6	-0.38	0.13	-0.07	0.21	-0.43	-0.01	0.08	0.21	1.0	0.04		-0.2	-0.18	0.53	-0.51
Other Liab	-0.05	-0.29	-0.17	-0.16	0.02	-0.23	-0.41	0.11	0.42	0.02	0.46	-0.07	0.09	0.2	0.21	-0.11	-0.14	0.05	0.21	-0.2	0.4	-0.2		0.55	-0.01	0.47
Accounts Payable	-0.08	-0.04	-0.12	-0.12	-0.1	-0.04	-0.64	-0.05	0.61	0.49	0.67	-0.06	-0.37	0.74	0.28	-0.34	-0.12	0.38	0.28	-0.18	0.27	-0.18	0.55		0.39	0.7
Long Term Debt	-0.71	0.51	0.04	0.12	0.63	0.14	0.29	0.32	-0.28	0.52	-0.17	-0.72	0.15	0.57	0.38	-0.39	0.1	-0.01	0.38	0.53	0.39	0.53	-0.01	0.39		-0.11
Treasury Stock	0.14	-0.28	-0.27	-0.35	-0.36	-0.36	-0.92	-0.06	0.98	0.07	0.99	0.15	-0.14	0.43	0.34	-0.05	-0.27	0.16	0.34	-0.51	0.17	-0.51	0.47	0.7	-0.11

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Hanover Insurance Account Relationship Matchups

Hanover Insurance fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	13.4B	14.3B	14.0B	14.6B	15.3B	13.4B
Short Long Term Debt Total	1.6B	1.6B	782.4M	783.2M	784.1M	729.1M
Other Current Liab	(48.4M)	(55.1M)	(70.3M)	5.3B	(857.3M)	(814.4M)
Total Current Liabilities	48.4M	55.1M	731.7M	6.1B	857.3M	814.4M
Total Stockholder Equity	3.2B	3.1B	2.3B	2.5B	2.8B	2.7B
Net Debt	660.2M	550.7M	477.4M	467.1M	348.6M	219.5M
Retained Earnings	2.7B	3.0B	3.0B	2.9B	3.2B	3.4B
Net Receivables	3.2B	3.4B	1.6B	1.7B	1.8B	2.0B
Liabilities And Stockholders Equity	13.4B	14.3B	14.0B	14.6B	15.3B	13.4B
Non Current Liabilities Total	878.1M	842.4M	10.9B	12.1B	11.6B	8.0B
Other Stockholder Equity	161.1M	38.9M	41.7M	72.8M	87.9M	83.5M
Total Liab	10.2B	11.1B	11.7B	12.1B	12.4B	11.4B
Total Current Assets	3.3B	3.6B	1.9B	2.0B	2.2B	2.3B
Cash	120.6M	230.9M	305M	316.1M	435.5M	437.4M
Non Current Assets Total	8.2B	8.6B	378M	777.6M	353M	335.4M
Non Currrent Assets Other	(8.2B)	(8.6B)	(7.5B)	173.3M	(7.6B)	(8.0B)
Other Assets	1.9B	2.1B	11.7B	11.8B	12.7B	8.9B
Cash And Short Term Investments	120.6M	230.9M	305M	316.1M	435.5M	437.4M
Short Term Investments	7.5B	767.4M	7.5B	468.6M	1.6B	2.9B
Accumulated Other Comprehensive Income	372.5M	122.2M	(701.5M)	(517.2M)	(456.3M)	(433.5M)
Other Liab	3.6B	4.0B	97.3M	60.8M	69.9M	66.4M
Accounts Payable	48.4M	55.1M	70.3M	64.3M	37.7M	35.8M
Long Term Debt	780.8M	781.6M	782.4M	783.2M	722.3M	701.5M
Treasury Stock	(1.5B)	(1.7B)	(1.8B)	(1.9B)	(1.7B)	(1.6B)
Other Current Assets	1.9B	2.0B	(2.0B)	2.5B	2.3B	3.4B
Retained Earnings Total Equity	2.4B	2.7B	3.0B	3.0B	3.4B	1.9B
Inventory	(1.9B)	(2.0B)	786.1M	(7.0B)	(6.3B)	(6.0B)
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	8.9B	9.2B	8.6B	8.1B	8.7B	9.0B
Non Current Liabilities Other	8.2B	8.7B	9.4B	10.2B	9.1B	7.4B
Property Plant And Equipment Net	7.4B	8.1B	8.5B	(17.5B)	(15.7B)	(14.9B)

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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?

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What is Hanover Insurance's Net Worth?

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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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

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

0.535

Dividend Share

3.45

Earnings Share

11.68

Revenue Per Share

173.744

Quarterly Revenue Growth

0.036

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 Total Assets vs Net Receivables Analysis

Total Assets vs Net Receivables

Total Assets vs Net Receivables Correlation Analysis

Correlation Coefficient

Total Assets

Net Receivables

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	+ 0.98	Total Assets
Other Stockholder Equity	+ 0.98	Common Stock Shares Outstanding
Treasury Stock	+ 0.98	Common Stock Shares Outstanding

Common Stock Shares Outstanding	- 0.97	Retained Earnings
Other Stockholder Equity	- 0.95	Retained Earnings
Treasury Stock	- 0.92	Retained Earnings
Non Current Assets Total	- 0.89	Non Current Liabilities Total
Cash And Short Term Investments	- 0.86	Net Debt
Cash	- 0.86	Net Debt