Hanover Fire & Casualty Ins Co
Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including weak risk diversification, negative cash flow from operations for 2025 and fair risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 2.6% of capital. Fair long-term capitalization index (3.5) based on fair current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the good range over the last two years. Fair profitability index (4.2) with operating losses during 2022, 2023 and 2025.
Other Rating Factors:
Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fire (57.6%), homeowners (8.0%), other (34.5%)
Licensed in:
AZ, DC, DE, GA, IL, IN, KY, MD, MN, NJ, NV, OH, PA, TN, WV
Principal Investments:
Investment grade bonds (51.3%), common stock (22.9%), cash (15.5%), other (10.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
295 South Gulph Road
King of Prussia, PA 19406
King of Prussia, PA 19406
Phone Number
(610) 940-1165
NAIC Number
17337
Website
Largest Affiliates
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