What is The Hanover Insurance Group, Inc.'s Shariah compliance score?

The Hanover Insurance Group, Inc.'s (THG) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does The Hanover Insurance Group, Inc. pass AAOIFI screening?

The Hanover Insurance Group, Inc. (THG) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (THG: 12.1%), (3) interest-bearing deposits below 30% (THG: 16.1%), and (4) prohibited income below 5% (THG: 5.3%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for The Hanover Insurance Group, Inc. stock?

The Hanover Insurance Group, Inc. (THG) has a non-permissible income ratio of 5.28%. Muslim investors should purify this percentage of any dividends received and capital gains realized from THG shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen The Hanover Insurance Group, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for The Hanover Insurance Group, Inc. (THG) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about THG's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is The Hanover Insurance Group, Inc. (THG) halal? Not Halal. Based on AAOIFI screening, The Hanover Insurance Group, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

THG: Is The Hanover Insurance Group, Inc. Halal?

Not Halal

The Hanover Insurance Group, Inc.

NYSEFinancial ServicesUS

$199.67

+0.24%

AvoidBorderlineClean

About The Hanover Insurance Group, Inc.

The Hanover Insurance Group, Inc. (THG) is a U.S.-based insurer offering a wide array of property and casualty coverage through its various operating units. Its operations are organized into three main divisions: Commercial Lines, Personal Lines, and an "Other" segment. The Commercial Lines division delivers a comprehensive suite of business insurance solutions, including multi-peril, commercial auto, and workers' compensation policies. It also provides management and professional liability, marine, specialized industrial and commercial property, standalone general liability, surety bonds, umbrella liability, fidelity, crime, and additional commercial protection. Within Personal Lines, customers can access auto and homeowners' insurance, alongside other individual coverages like personal umbrella policies, inland marine, fire, personal watercraft, and personal cyber protection. The "Other" segment focuses on delivering investment management expertise to institutions, pension funds, and a range of other organizational clients. Distribution of Hanover's offerings is primarily facilitated by a network of independent agents and brokers. Originally incorporated as Allmerica Financial Corp., the company adopted its current name, The Hanover Insurance Group, Inc., in December 2005. Established in 1852, The Hanover Insurance Group, Inc. maintains its corporate headquarters in Worcester, Massachusetts.

Sector: Financial Services · Industry: Insurance - Property & Casualty

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Prohibited industry: Insurance - Property & Casualty

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap12.1% / 30.0%

Compliance History

Not Halalnow
since Apr 2026
Halal
before we began tracking

Tracked since Apr 2026. Updates automatically on each re-screen.

Screened: Jun 18, 2026Fiscal: Q1 2026Source: FMP

Financial Overview

Market Cap

7.0B

Price

$199.67

Sector

Financial Services

Industry

Insurance - Property & Casualty

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Frequently Asked Questions

Is The Hanover Insurance Group, Inc. (THG) halal to invest in?

The Hanover Insurance Group, Inc. (THG) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did The Hanover Insurance Group, Inc. get a F compliance rating?

The Hanover Insurance Group, Inc. (THG) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 12.1% (limit 30%); interest-bearing deposits of 16.1% (limit 30%); prohibited income of 5.28% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change The Hanover Insurance Group, Inc.'s Shariah verdict?

The Hanover Insurance Group, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is The Hanover Insurance Group, Inc. re-screened for Shariah compliance?

The Hanover Insurance Group, Inc. (THG) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 18, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.