What is The Hanover Insurance Group, Inc.'s earnings per share (EPS)?

The Hanover Insurance Group, Inc. (THG) reported diluted earnings per share of $18.16 for fiscal year 2025. This represents a 55.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

The Hanover Insurance Group, Inc. (THG) Financials

THG

Trailing 12 months to June 30, 2026

Revenue $6.8B +5.6% YoY

Net Income $755.6M +36.1% YoY

EPS (Diluted) $20.94 +37.8% YoY

Free Cash Flow $1.3B +48.3% YoY

Market Cap $7.6B as of Oct 3, 2026

Price / Sales 1.1x on $6.8B revenue, trailing 12 months to June 30, 2026

Price / Earnings 10.1x on $755.6M net income, trailing 12 months to June 30, 2026

Price / Book 2.1x on $3.7B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 29, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the THG SEC filings page.

The Hanover Insurance Group, Inc. (THG) reported $6.8B in revenue over the twelve months to Jun 30, 2026, up 5.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI THG FY2025 2026-10-03

The insurer's earnings rebounded sharply by FY2025, while cash generation kept pace and leverage stayed modest relative to equity.

In FY2023, operating cash flow of $362M far exceeded net income of $35M, so weak reported profit did not translate into equally weak cash generation. By FY2025, net income reached $663M and operating cash flow $1.18B

Revenue reached $6.59B in FY2025, only moderately above FY2023's level. Operating margin simultaneously rose from 1.8% to 14.2%, so the profit rebound was driven far more by margin normalization than by sales growth.

Equity reached $3.57B in FY2025, up from $2.47B in FY2023. Debt-to-equity was 0.2x in FY2025, while ROA was 3.9%; the modest asset return alongside stronger equity return reflects balance-sheet leverage in the business model.

Financial Health Signals

Financial Health Score 39/100

Scored as: Insurers peer group

Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of The Hanover Insurance Group, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Loss Ratio

Loss Ratio measures the claims an insurer paid out against the premiums it earned, so a lower ratio leaves more of every premium dollar with the company. The Hanover Insurance Group, Inc. scores 49/100 on it among other insurers.

Premium Growth

The Hanover Insurance Group, Inc. reported revenue of $6.6B in fiscal year 2025, against $6.2B in fiscal year 2024. Premium Growth ranks insurers on the three-year path of the premiums they write rather than on total revenue, and The Hanover Insurance Group, Inc. scores 38/100 among other insurers.

Capital

The Hanover Insurance Group, Inc. funded 21.1% of its assets with shareholders' equity at the end of fiscal year 2025, holding $3.6B of equity against $16.9B of assets. Capital ranks insurers on that cushion, and The Hanover Insurance Group, Inc. scores 38/100 among other insurers.

Investment Yield

Not available for The Hanover Insurance Group, Inc., and counted as zero in the overall score.

Combined Ratio

Combined Ratio puts claims and running costs together against premiums earned, and a figure under 100% means the underwriting made money before any investment income was counted. The Hanover Insurance Group, Inc. scores 61/100 on it among other insurers.

Stability

The Hanover Insurance Group, Inc. reported net income of $662.5M in fiscal year 2025, against $426.0M in fiscal year 2024. Stability ranks insurers on how steady net income has been across five years, and The Hanover Insurance Group, Inc. scores 48/100 among other insurers.

Piotroski F-Score Partial

5/7

The Hanover Insurance Group, Inc. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.78x

For every $1 of reported earnings, The Hanover Insurance Group, Inc. generates $1.78 in operating cash flow ($1.2B OCF vs $662.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

21.60x

The Hanover Insurance Group, Inc. earns $21.60 in operating income for every $1 of interest expense ($933.0M vs $43.2M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.7B

YoY+4.3%

QoQ+1.5%

5Y CAGR+6.0%

10Y CAGR+3.5%

The Hanover Insurance Group, Inc. generated $1.7B in revenue in Q2 2026. This represents an increase of 4.3% from the same quarter a year earlier. Against the prior quarter it is up 1.5%.

EBITDA

$250.9M

YoY+20.1%

QoQ+1.0%

The Hanover Insurance Group, Inc.'s EBITDA was $250.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.1% from the same quarter a year earlier. Against the prior quarter it is up 1.0%.

Net Income

$191.6M

YoY+22.0%

QoQ+2.6%

5Y CAGR+8.3%

10Y CAGR+57.8%

The Hanover Insurance Group, Inc. reported $191.6M in net income in Q2 2026. This represents an increase of 22.0% from the same quarter a year earlier. Against the prior quarter it is up 2.6%.

EPS (Diluted)

$5.38

YoY+25.1%

QoQ+3.5%

5Y CAGR+8.9%

10Y CAGR+59.7%

The Hanover Insurance Group, Inc. earned $5.38 per diluted share (EPS) in Q2 2026. This represents an increase of 25.1% from the same quarter a year earlier. Against the prior quarter it is up 3.5%.

Cash & Balance Sheet

Free Cash Flow

$209.4M

YoY+2.2%

QoQ+81.6%

5Y CAGR+4.8%

10Y CAGR+3.4%

The Hanover Insurance Group, Inc. generated $209.4M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 2.2% from the same quarter a year earlier. Against the prior quarter it is up 81.6%.

Cash & Debt

$266.1M

YoY+9.0%

QoQ+9.3%

5Y CAGR+20.1%

10Y CAGR-3.0%

The Hanover Insurance Group, Inc. held $266.1M in cash against $793.9M in long-term debt as of Q2 2026.

Shares Outstanding

35M

YoY-2.7%

QoQ-0.5%

5Y CAGR-0.5%

10Y CAGR-2.0%

The Hanover Insurance Group, Inc. had 35M shares outstanding in Q2 2026. This represents a decrease of 2.7% from the same quarter a year earlier. Against the prior quarter it is down 0.5%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Operating Margin

14.6%

YoY+1.9pp

QoQ-0.1pp

5Y change+4.0pp

The Hanover Insurance Group, Inc.'s operating margin was 14.6% in Q2 2026, reflecting core business profitability. This is up 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.

Net Margin

11.1%

YoY+1.6pp

QoQ+0.1pp

5Y change+1.2pp

10Y change+10.9pp

The Hanover Insurance Group, Inc.'s net profit margin was 11.1% in Q2 2026, showing the share of revenue converted to profit. This is up 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Return on Equity

5.2%

YoY+0.3pp

QoQ0.0pp

5Y change+1.2pp

10Y change+5.2pp

The Hanover Insurance Group, Inc.'s ROE was 5.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$55.0M

YoY+99.3%

QoQ-36.7%

The Hanover Insurance Group, Inc. spent $55.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 99.3% from the same quarter a year earlier. Against the prior quarter it is down 36.7%.

Capital Expenditures

$2.9M

YoY+70.6%

QoQ-17.1%

5Y CAGR+17.4%

10Y CAGR+3.3%

The Hanover Insurance Group, Inc. invested $2.9M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 70.6% from the same quarter a year earlier. Against the prior quarter it is down 17.1%.

R&D Spending

Not reported for Q2 2026.

THG Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

THG quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$6.8B	$6.6B+5.7%	$6.2B+4.1%	$6.0B+9.6%	$5.5B+4.6%	$5.2B+8.4%	$4.8B-1.3%	$4.9B+8.8%	$4.5B+5.3%	$4.3B+5.3%	$4.1B-19.5%	$5.0B-0.7%	$5.1B+5.7%	$4.8B+4.4%	$4.6B+16.8%	$3.9B
Operating Income	$1.0B	$933.0M+43.5%	$650.1M+515.6%	$105.6M-63.0%	$285.1M-34.1%	$432.3M-10.8%	$484.7M+6.9%	$453.6M+11.6%	$406.5M+24.2%	$327.3M+69.7%	$192.9M-58.6%	$466.1M+14.7%	$406.2M+3.3%	$393.4M+423.8%	$75.1M+4.6%	$71.8M
EBITDA	N/A	$928.4M+42.5%	$651.6M+482.3%	$111.9M-62.4%	$298.0M-33.7%	$449.2M-10.7%	$502.9M+5.8%	$475.2M+10.2%	$431.1M+20.6%	$357.4M+59.8%	$223.6M-54.9%	$496.3M+12.9%	$439.7M+2.6%	$428.4M+287.0%	$110.7M+12.4%	$98.5M
Interest Expense	$47.0M	$43.2M+26.7%	$34.1M0.0%	$34.1M0.0%	$34.1M+0.3%	$34.0M-8.4%	$37.1M-1.1%	$37.5M-16.9%	$45.1M-0.2%	$45.2M-12.1%	$51.4M-15.2%	$60.6M-7.9%	$65.8M+0.8%	$65.3M+5.5%	$61.9M+12.5%	$55.0M
Income Tax	$212.8M	$183.1M+62.8%	$112.5M+1380.3%	$7.6M-72.1%	$27.2M-73.1%	$101.3M+22.3%	$82.8M-11.1%	$93.1M+114.0%	$43.5M-43.4%	$76.8M+7780.0%	-$1.0M-100.9%	$108.6M+13.5%	$95.7M+14.7%	$83.4M+579.3%	-$17.4M-75.8%	-$9.9M
Net Income	$755.6M	$662.5M+55.5%	$426.0M+1106.8%	$35.3M-69.6%	$116.0M-72.6%	$422.8M+17.9%	$358.7M-15.6%	$425.1M+8.7%	$391.0M+110.0%	$186.2M+20.1%	$155.1M-53.2%	$331.5M+17.6%	$282.0M+12.4%	$251.0M+349.0%	$55.9M+52.3%	$36.7M
EPS (Basic)	N/A	$18.50+56.1%	$11.85+1097.0%	$0.99-69.6%	$3.26-72.3%	$11.78+23.7%	$9.52-10.4%	$10.62+15.3%	$9.21+110.3%	$4.38+20.7%	$3.63-51.9%	$7.55+17.8%	$6.41+12.5%	$5.70+356.0%	$1.25+54.3%	$0.81
EPS (Diluted)	$20.94	$18.16+55.2%	$11.70+1093.9%	$0.98-69.5%	$3.21-72.3%	$11.60+23.1%	$9.42-9.9%	$10.46+15.1%	$9.09+109.9%	$4.33+20.6%	$3.59-51.5%	$7.40+17.8%	$6.28+12.3%	$5.59+354.5%	$1.23+53.7%	$0.80
Diluted Shares (Avg)	N/A	37M+0.3%	36M+0.8%	36M0.0%	36M-0.8%	36M-4.5%	38M-6.2%	41M-5.6%	43M0.0%	43M-0.5%	43M-3.6%	45M-0.2%	45M0.0%	45M-0.9%	45M-1.1%	46M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$1.7B+4.3%	$1.7B+6.1%	$1.7B+5.5%	$1.7B+6.4%	$1.7B+7.7%	$1.6B+3.4%	$1.6B+3.6%	$1.6B+3.2%
Operating Income	$251.9M+20.0%	$250.2M+34.2%	$289.0M+13.6%	$247.7M+64.5%	$209.9M+120.0%	$186.4M+24.5%	$254.4M+60.9%	$150.6M+999.3%
EBITDA	$250.9M+20.1%	$248.4M+34.1%	$287.7M	$246.5M+63.1%	$208.9M	$185.3M+23.1%	N/A	$151.1M+894.1%
Interest Expense	$10.1M+17.4%	$10.8M+27.1%	$14.5M+70.6%	$11.6M+36.5%	$8.6M0.0%	$8.5M0.0%	$8.5M0.0%	$8.5M0.0%
Income Tax	$53.2M+27.0%	$50.3M+57.7%	$60.8M+37.6%	$48.5M+75.7%	$41.9M+284.4%	$31.9M+7.0%	$44.2M+3.0%	$27.6M+403.3%
Net Income	$191.6M+22.0%	$186.8M+45.7%	$198.5M+18.2%	$178.7M+75.0%	$157.1M+287.9%	$128.2M+11.0%	$167.9M+55.6%	$102.1M+1087.2%
EPS (Basic)	$5.48+25.4%	$5.30+48.9%	$5.57+19.3%	$4.99+75.7%	$4.37+286.7%	$3.56+10.6%	$4.67+54.6%	$2.84+1083.3%
EPS (Diluted)	$5.38+25.1%	$5.20+48.6%	$5.46+18.7%	$4.90+75.0%	$4.30+283.9%	$3.50+10.1%	$4.60+52.8%	$2.80+1066.7%
Diluted Shares (Avg)	36M-2.5%	36M-1.9%	N/A	36M-0.3%	37M+0.6%	37M+0.8%	N/A	37M+1.1%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.

THG Balance Sheet

THG quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$16.9B+10.9%	$15.3B+4.5%	$14.6B+4.4%	$14.0B-1.8%	$14.3B+6.0%	$13.4B+7.6%	$12.5B+0.7%	$12.4B-19.8%	$15.5B+8.8%	$14.2B+3.2%	$13.8B+0.2%	$13.8B+2.8%	$13.4B-0.8%	$13.5B+7.0%	$12.6B
Cash & Equivalents	$1.1B+157.8%	$435.5M+37.8%	$316.1M+3.6%	$305.0M+32.1%	$230.9M+91.5%	$120.6M-44.1%	$215.7M-78.9%	$1.0B+242.6%	$297.9M+102.2%	$147.3M-56.5%	$338.8M-9.2%	$373.3M-23.2%	$486.2M-13.9%	$564.8M-31.2%	$820.4M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$178.8M0.0%	$178.8M0.0%	$178.8M0.0%	$178.8M0.0%	$178.8M0.0%	$178.8M0.0%	$178.8M0.0%	$178.8M0.0%	$178.8M-3.2%	$184.8M-0.6%	$186.0M+0.8%	$184.6M-0.2%	$184.9M0.0%	$184.9M-0.3%	$185.5M
Total Liabilities	$13.4B+7.6%	$12.4B+2.4%	$12.1B+4.2%	$11.7B+5.0%	$11.1B+8.5%	$10.2B+7.0%	$9.6B+1.4%	$9.4B-24.3%	$12.5B+9.8%	$11.4B+3.9%	$10.9B+0.2%	$10.9B+1.2%	$10.8B-1.0%	$10.9B+7.7%	$10.1B
Long-Term Debt	$843.3M+16.8%	$722.3M-7.8%	$783.2M	N/A	N/A	N/A	$653.4M-16.0%	$777.9M-1.1%	$786.9M+0.1%	$786.4M-2.1%	$803.1M-11.1%	$903.5M0.0%	$903.9M+6.4%	$849.4M-6.8%	$911.1M
Total Equity	$3.6B+25.7%	$2.8B+15.3%	$2.5B+5.7%	$2.3B-25.6%	$3.1B-2.1%	$3.2B+9.8%	$2.9B-1.3%	$3.0B-1.4%	$3.0B+4.9%	$2.9B+0.5%	$2.8B0.0%	$2.8B+9.6%	$2.6B0.0%	$2.6B+4.5%	$2.5B
Retained Earnings	$3.7B+16.6%	$3.2B+10.3%	$2.9B-2.8%	$3.0B+0.3%	$3.0B+11.8%	$2.7B+10.7%	$2.4B+10.5%	$2.2B+10.5%	$2.0B+5.3%	$1.9B+4.0%	$1.8B+15.7%	$1.6B+15.5%	$1.3B+11.3%	$1.2B0.0%	$1.2B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$16.9B+7.2%	$16.5B+6.8%	$16.9B+10.9%	$16.8B+9.2%	$15.7B+5.8%	$15.5B+6.0%	$15.3B+4.5%	$15.4B+7.3%
Cash & Equivalents	$266.1M+9.0%	$243.5M-22.7%	$1.1B+157.8%	$915.7M+114.4%	$244.1M-27.7%	$315.1M+19.1%	$435.5M+37.8%	$427.1M+45.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$178.8M0.0%	$178.8M0.0%	$178.8M0.0%	$178.8M0.0%	$178.8M0.0%	$178.8M0.0%	$178.8M0.0%	$178.8M0.0%
Total Liabilities	$13.2B+5.4%	$13.0B+4.3%	$13.4B+7.6%	$13.3B+6.9%	$12.5B+1.6%	$12.4B+2.9%	$12.4B+2.4%	$12.5B+2.4%
Long-Term Debt	$793.9M+128.3%	$793.7M+9.9%	$843.3M+16.8%	$843.0M	$347.8M	$722.5M	$722.3M-7.8%	N/A
Total Equity	$3.7B+14.2%	$3.6B+17.3%	$3.6B+25.7%	$3.4B+19.1%	$3.2B+26.0%	$3.0B+20.7%	$2.8B+15.3%	$2.9B+36.0%
Retained Earnings	$4.1B+18.1%	$3.9B+17.8%	$3.7B+16.6%	$3.6B+16.4%	$3.4B+14.2%	$3.3B+10.5%	$3.2B+10.3%	$3.1B+8.6%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.

THG Cash Flow Statement

THG quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$1.3B	$1.2B+46.1%	$806.4M+122.9%	$361.7M-49.9%	$722.3M-12.3%	$823.7M+16.4%	$707.6M+17.4%	$602.9M+9.4%	$551.3M-21.8%	$704.6M-5.2%	$743.4M+67.2%	$444.7M-21.3%	$564.7M+47.1%	$383.9M-6.0%	$408.2M+84.1%	$221.7M
Depreciation & Amortization	N/A	-$4.6M-406.7%	$1.5M-76.2%	$6.3M-51.2%	$12.9M-23.7%	$16.9M-7.1%	$18.2M-15.7%	$21.6M-12.2%	$24.6M-18.3%	$30.1M-2.0%	$30.7M+1.7%	$30.2M-9.9%	$33.5M-4.3%	$35.0M-1.7%	$35.6M+33.3%	$26.7M
Stock-Based Compensation	N/A	$35.6M+14.8%	$31.0M-0.3%	$31.1M+7.2%	$29.0M+26.6%	$22.9M+13.9%	$20.1M+15.5%	$17.4M+29.9%	$13.4M+8.9%	$12.3M+2.5%	$12.0M-2.4%	$12.3M-18.5%	$15.1M+21.8%	$12.4M-3.1%	$12.8M+6.7%	$12.0M
Capital Expenditures	$10.6M	$7.7M-24.5%	$10.2M-14.3%	$11.9M-33.1%	$17.8M+122.5%	$8.0M-46.3%	$14.9M+12.0%	$13.3M+1.5%	$13.1M-29.6%	$18.6M+18.5%	$15.7M-19.5%	$19.5M+74.1%	$11.2M-51.1%	$22.9M+7.5%	$21.3M+29.1%	$16.5M
Free Cash Flow	$1.3B	$1.2B+47.0%	$796.2M+127.6%	$349.8M-50.3%	$704.5M-13.6%	$815.7M+17.8%	$692.7M+17.5%	$589.6M+9.6%	$538.2M-21.5%	$686.0M-5.7%	$727.7M+71.1%	$425.2M-23.2%	$553.5M+53.3%	$361.0M-6.7%	$386.9M+88.5%	$205.2M
Investing Cash Flow	-$931.8M	-$666.2M-23.2%	-$540.9M-136.7%	-$228.5M+55.0%	-$507.6M-10.3%	-$460.2M+24.4%	-$608.8M-95.2%	-$311.9M-215.0%	$271.3M+153.6%	-$506.3M-2.2%	-$495.4M-188.9%	-$171.5M+71.4%	-$600.7M-67.5%	-$358.7M+36.3%	-$562.8M-407.9%	$182.8M
Financing Cash Flow	-$309.7M	$175.2M+220.4%	-$145.5M-19.2%	-$122.1M+13.2%	-$140.6M+44.5%	-$253.2M-30.6%	-$193.9M+82.4%	-$1.1B-542.9%	-$171.0M-53.1%	-$111.7M+62.9%	-$300.8M+0.1%	-$301.0M-319.8%	-$71.7M+32.0%	-$105.5M+20.9%	-$133.4M-204.8%	$127.3M
Dividends Paid	$132.5M	$130.6M+5.2%	$124.1M+5.9%	$117.2M+7.6%	$108.9M+6.6%	$102.2M+2.7%	$99.5M-74.2%	$386.2M+309.5%	$94.3M+8.6%	$86.8M+8.0%	$80.4M+8.4%	$74.2M+10.7%	$67.0M+11.7%	$60.0M+8.9%	$55.1M+8.3%	$50.9M
Share Buybacks	$232.5M	$129.2M+383.9%	$26.7M	$0-100.0%	$30.8M-81.1%	$162.6M-23.6%	$212.8M-62.2%	$563.6M+876.8%	$57.7M+55.1%	$37.2M-64.8%	$105.6M-17.0%	$127.3M+524.0%	$20.4M-73.9%	$78.2M+291.0%	$20.0M-7.8%	$21.7M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$212.3M+2.8%	$118.8M+205.4%	$378.2M+77.1%	$554.4M+40.5%	$206.6M+48.1%	$38.9M-33.7%	$213.5M+130.3%	$394.7M+75.7%
Depreciation & Amortization	-$1.0M0.0%	-$1.8M-63.6%	-$1.3M	-$1.2M-340.0%	-$1.0M	-$1.1M-237.5%	N/A	$500K-66.7%
Stock-Based Compensation	$11.5M+2.7%	$6.6M0.0%	N/A	$10.0M+14.9%	$11.2M+38.3%	$6.6M-1.5%	N/A	$8.7M+1.2%
Capital Expenditures	$2.9M+70.6%	$3.5M+94.4%	$1.2M-60.0%	$3.0M+25.0%	$1.7M-22.7%	$1.8M-30.8%	$3.0M+36.4%	$2.4M-17.2%
Free Cash Flow	$209.4M+2.2%	$115.3M+210.8%	$377.0M+79.1%	$551.4M+40.6%	$204.9M+49.2%	$37.1M-33.9%	$210.5M+132.6%	$392.3M+76.9%
Investing Cash Flow	-$106.2M+52.2%	-$493.8M-339.7%	-$23.6M+84.3%	-$308.2M-9.3%	-$222.1M-553.2%	-$112.3M-50.1%	-$150.1M-256.5%	-$282.0M-312.3%
Financing Cash Flow	-$83.1M-50.3%	-$504.6M-962.3%	-$149.6M-173.0%	$427.6M+1701.5%	-$55.3M-93.4%	-$47.5M-34.2%	-$54.8M-89.0%	-$26.7M+9.2%
Dividends Paid	$33.1M+2.5%	$33.5M+3.4%	$33.7M+4.0%	$32.2M+5.2%	$32.3M+5.6%	$32.4M+6.2%	$32.4M+6.9%	$30.6M+5.5%
Share Buybacks	$55.0M+99.3%	$86.9M+690.0%	$54.6M+104.5%	$36.0M	$27.6M	$11.0M	$26.7M	$0

THG Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

THG quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	14.1%+3.7pp	10.4%+8.7pp	1.8%-3.5pp	5.2%-3.1pp	8.3%-1.8pp	10.1%+0.8pp	9.3%+0.2pp	9.0%+1.4pp	7.7%+2.9pp	4.8%-4.5pp	9.3%+1.2pp	8.0%-0.2pp	8.2%+6.6pp	1.6%-0.2pp	1.8%
Net Margin	10.1%+3.2pp	6.8%+6.2pp	0.6%-1.5pp	2.1%-6.0pp	8.1%+0.7pp	7.4%-1.3pp	8.7%0.0pp	8.7%+4.3pp	4.4%+0.5pp	3.8%-2.8pp	6.6%+1.0pp	5.6%+0.3pp	5.2%+4.0pp	1.2%+0.3pp	0.9%
Return on Equity	18.6%+3.6pp	15.0%+13.6pp	1.4%-3.5pp	5.0%-8.5pp	13.5%+2.3pp	11.2%-3.4pp	14.6%+1.4pp	13.2%+7.0pp	6.2%+0.8pp	5.4%-6.2pp	11.7%+1.7pp	9.9%+0.3pp	9.7%+7.5pp	2.1%+0.7pp	1.5%
Return on Assets	3.9%+1.1pp	2.8%+2.6pp	0.2%-0.6pp	0.8%-2.1pp	3.0%+0.3pp	2.7%-0.7pp	3.4%+0.3pp	3.1%+1.9pp	1.2%+0.1pp	1.1%-1.3pp	2.4%+0.4pp	2.1%+0.2pp	1.9%+1.5pp	0.4%+0.1pp	0.3%
Debt-to-Equity	0.240.0x	0.25-0.1x	0.32-4.7x	5.00+1.5x	3.54+0.3x	3.20+3.0x	0.220.0x	0.260.0x	0.260.0x	0.280.0x	0.280.0x	0.320.0x	0.350.0x	0.330.0x	0.37
Asset Turnover	0.390.0x	0.410.0x	0.410.0x	0.390.0x	0.370.0x	0.360.0x	0.390.0x	0.36+0.1x	0.280.0x	0.29-0.1x	0.370.0x	0.370.0x	0.360.0x	0.340.0x	0.31
FCF Margin	17.8%+5.0pp	12.8%+6.9pp	5.8%-7.0pp	12.9%-2.7pp	15.6%+1.2pp	14.4%+2.3pp	12.1%+0.1pp	12.0%-4.1pp	16.1%-1.9pp	17.9%+9.5pp	8.5%-2.5pp	10.9%+3.4pp	7.5%-0.9pp	8.4%+3.2pp	5.2%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	14.6%+1.9pp	14.7%+3.1pp	17.3%+1.2pp	14.9%+5.3pp	12.7%+6.5pp	11.6%+2.0pp	16.1%+5.7pp	9.6%+8.7pp
Net Margin	11.1%+1.6pp	11.0%+3.0pp	11.9%+1.3pp	10.7%+4.2pp	9.5%+6.9pp	8.0%+0.6pp	10.6%+3.5pp	6.5%+5.9pp
Return on Equity	5.2%+0.3pp	5.2%+1.0pp	5.6%-0.4pp	5.2%+1.7pp	4.9%+3.3pp	4.2%-0.4pp	5.9%+1.5pp	3.5%+3.1pp
Return on Assets	1.1%+0.1pp	1.1%+0.3pp	1.2%+0.1pp	1.1%+0.4pp	1.0%+0.7pp	0.8%0.0pp	1.1%+0.4pp	0.7%+0.6pp
Debt-to-Equity	0.22+0.1x	0.220.0x	0.240.0x	0.25-4.1x	0.11-4.7x	0.24-4.5x	0.25-0.1x	4.34-1.4x
Asset Turnover	0.100.0x	0.100.0x	0.100.0x	0.100.0x	0.110.0x	0.100.0x	0.100.0x	0.100.0x
FCF Margin	12.1%-0.3pp	6.8%+4.5pp	22.6%+9.3pp	33.1%+8.1pp	12.4%+3.5pp	2.3%-1.3pp	13.3%+7.4pp	25.1%+10.4pp

Not reported in any period shown, so not listed: Gross Margin, Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
The Hanover Insurance Group, Inc. THG	FY2025	$6.6B	$662.5M	10.1%	$7.6B	39/100
RLI Corp. RLI	FY2025	$1.9B	$403.3M	21.4%	$5.1B	60/100
Selective Insurance Group SIGI	FY2025	$5.3B	$466.4M	8.7%	$5.1B	43/100
White Mountains Insurance Group Ltd. WTM	FY2025	$3.7B	$1.1B	29.6%	$4.8B	25/100
Mercury General Corp. MCY	FY2025	$6.0B	$541.1M	9.0%	$5.7B	34/100
Kemper Corporation KMPR	FY2025	$4.8B	$143.3M	3.0%	$1.5B	8/100

Where The Hanover Insurance Group, Inc. Ranks

Frequently Asked Questions

What is The Hanover Insurance Group, Inc.'s annual revenue?

The Hanover Insurance Group, Inc. (THG) reported $6.6B in total revenue for fiscal year 2025. This represents a 5.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is The Hanover Insurance Group, Inc.'s revenue growing?

The Hanover Insurance Group, Inc. (THG) revenue grew by 5.7% year-over-year, from $6.2B to $6.6B in fiscal year 2025.

Is The Hanover Insurance Group, Inc. profitable?

Yes, The Hanover Insurance Group, Inc. (THG) reported a net income of $662.5M in fiscal year 2025, with a net profit margin of 10.1%.

What is The Hanover Insurance Group, Inc.'s EBITDA?

The Hanover Insurance Group, Inc. (THG) had EBITDA of $928.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does The Hanover Insurance Group, Inc. have?

As of fiscal year 2025, The Hanover Insurance Group, Inc. (THG) had $1.1B in cash and equivalents against $843.3M in long-term debt.

What is The Hanover Insurance Group, Inc.'s operating margin?

The Hanover Insurance Group, Inc. (THG) had an operating margin of 14.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is The Hanover Insurance Group, Inc.'s net profit margin?

The Hanover Insurance Group, Inc. (THG) had a net profit margin of 10.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is The Hanover Insurance Group, Inc.'s return on equity (ROE)?

The Hanover Insurance Group, Inc. (THG) has a return on equity of 18.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is The Hanover Insurance Group, Inc.'s free cash flow?

The Hanover Insurance Group, Inc. (THG) generated $1.2B in free cash flow during fiscal year 2025. This represents a 47.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is The Hanover Insurance Group, Inc.'s operating cash flow?

The Hanover Insurance Group, Inc. (THG) generated $1.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are The Hanover Insurance Group, Inc.'s total assets?

The Hanover Insurance Group, Inc. (THG) had $16.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are The Hanover Insurance Group, Inc.'s capital expenditures?

The Hanover Insurance Group, Inc. (THG) invested $7.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does The Hanover Insurance Group, Inc. buy back shares?

Yes, The Hanover Insurance Group, Inc. (THG) spent $129.2M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does The Hanover Insurance Group, Inc. have outstanding?

The Hanover Insurance Group, Inc. (THG) had 35M shares outstanding as of fiscal year 2025.

What is The Hanover Insurance Group, Inc.'s debt-to-equity ratio?

The Hanover Insurance Group, Inc. (THG) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is The Hanover Insurance Group, Inc.'s return on assets (ROA)?

The Hanover Insurance Group, Inc. (THG) had a return on assets of 3.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is The Hanover Insurance Group, Inc.'s P/E ratio?

The Hanover Insurance Group, Inc. (THG) trades at 10.1x earnings, its market capitalization divided by net income of $755.6M net income, trailing 12 months to June 30, 2026. The market capitalization is $7.6B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is The Hanover Insurance Group, Inc.'s price-to-sales ratio?

The Hanover Insurance Group, Inc. (THG) trades at 1.1x sales, its market capitalization divided by revenue of $6.8B revenue, trailing 12 months to June 30, 2026. The market capitalization is $7.6B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is The Hanover Insurance Group, Inc.'s Piotroski F-Score?

The Hanover Insurance Group, Inc. (THG) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are The Hanover Insurance Group, Inc.'s earnings high quality?

The Hanover Insurance Group, Inc. (THG) has an earnings quality ratio of 1.78x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can The Hanover Insurance Group, Inc. cover its interest payments?

The Hanover Insurance Group, Inc. (THG) has an interest coverage ratio of 21.60x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is The Hanover Insurance Group, Inc.?

The Hanover Insurance Group, Inc. (THG) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.