B
Hanover Casualty Co
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
--
Total
Assets
Capital
Net
Premiums
Net
Income
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
1
2
3
66.67%
23.31%
2023
5
3
8
37.50%
22.83%
2022
5
0
5
0.00%
23.10%
2021
6
5
11
45.45%
22.81%
2020
13
4
17
23.53%
21.51%
2019
7
10
17
58.82%
22.66%
Commercial Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
1
0
1
0.00%
47.44%
2023
7
3
10
30.00%
47.29%
2022
4
1
5
20.00%
45.44%
2021
5
1
6
16.67%
44.40%
2020
12
4
16
25.00%
42.45%
2019
15
7
22
31.82%
44.33%
Commercial Multiple Peril
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
271
190
461
41.21%
41.75%
2023
291
176
467
37.69%
38.64%
2022
308
243
551
44.10%
39.39%
2021
1,136
411
1,547
26.57%
40.41%
2020
380
543
923
58.83%
48.09%
2019
379
304
683
44.51%
43.30%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
3
0
3
0.00%
12.20%
2023
2
1
3
33.33%
16.34%
2022
1
3
4
75.00%
11.13%
2020
2
6
8
75.00%
20.93%
2019
2
9
11
81.82%
16.90%
Product Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
0
1
1
100.00%
64.47%
2020
0
1
1
100.00%
61.51%
2019
0
4
4
100.00%
70.02%
Workers' Compensation
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
37
46
83
55.42%
35.33%
2023
67
42
109
38.53%
35.67%
2022
68
36
104
34.62%
37.14%
2021
49
43
92
46.74%
35.46%
2020
32
13
45
28.89%
33.86%
2019
45
16
61
26.23%
34.01%