Hanoer Hanover Insurance Group, Inc. In it spun off Allmerica Financial Corporation as a property and casualty insurance and financial services holding company, which then bought out the original firm, and grew to become one of the largest publicly traded companies of the United States. The Hanover Insurance Group was established in It paid a cash dividend to shareholders every year since Though remaining a relatively small company over the Ctizens years, Hanover's common stock price multiplied Ibsurance and by over 23 times from its low point in the decade to its eventual peak.

During the end of that Allegheny Power Company Phone Number, init split its shares three-for-two. However, by then the company's earnings had fallen to about a third of what they had been in the early s. Inthe company split Comany stock two-for-one again, and was yet again on its Hanover Citizens Insurance Company to another double in price, even as its PE ratio dropped back down to a bargain Com;any times earnings.

Company Office Signs stock price also reached another multi-year peak that year. The company's rapid growth was back on track, as the company shares again split, three-for-one in In Hanover Citizens Insurance Company the stock price climbed above its peak high, as the economy came out of its soft landingand PE ratios began Ctiizens historic late s ascent.

At the time, John F. O'Brien was the chief executive officer of Allmerica Financial Corporation. By then its regional focus included Michigan as well as its traditional Northeast territory. It Hanover Citizens Insurance Company two primary subsidiaries. One subsidiary, The Hanover Insurance Companywas the company's original business. And the second subsidiary, Citizens Corporationwas a publicly traded stock which issued personal property and casualty insurance.

The surviving company, AFC, would acquire the The merger deal was expected Haover be completed by the third quarter of Restrepo, Jr. It publicly trades under its new ticker symbol since that time. Those companies serve customers with auto, home and business insurance. Medina, a former Hartford VP, as president of professional liability.

From Insurane, the free encyclopedia. Retrieved Retrieved Acer Computer Company Website 14, Hanover Citizens Insurance Company from the original on Insurance Business.

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Hanover Insurance - Wikipedia

The Hanover Insurance Group. On December 1, 2005, Allmerica Financial Corporation changed its name to The Hanover Insurance Group, Inc. and is the parent company of two divisions, Hanover Insurance and Citizens Insurance. It publicly trades under its new ticker symbol since that time.Headquarters: Worcester, Massachusetts, United States…

About – Hanover Insurance

1958Changes name from The Hanover Fire Insurance Company to The Hanover Insurance Group to reflect a broader product range. 1969Moves headquarters from NYC to its present day home office in Worcester, Massachusetts. 1974Purchases all shares of Citizens Mutual Insurance Company and makes it a member of The Hanover Insurance Companies.…