Moody’s Ratings affirms Hanover Insurance Group’s ratings (Baa2 senior unsecured); outlook stable
New York , April 22, 2024 – Moody's Ratings (Moody's) has affirmed the Baa2 senior unsecured debt rating and Baa3 (hyb) junior subordinate debt rating of The Hanover Insurance Group, Inc. (NYSE: THG, Hanover) and the A2 insurance financial strength (IFS) rating of its primary operating subsidiary, T...
The Hanover Insurance Group is a holding company. Through its subsidiaries, the company business operations are property and casualty insurance products and services. The company markets its products and services through independent agents and brokers. The company conducts three operating segments: Commercial Lines, which includes commercial multiple peril, commercial automobile, workers' compensation, and other commercial coverages; Personal Lines, which includes personal automobile, homeowners, and other personal coverages; and Other, which provides investment advisory services to affiliates and also manages assets for unaffiliated institutions such as insurance companies, retirement plans and foundations.
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76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
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