THG · Hanover Insurance Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.70B | - | $1.67B | $1.65B | $1.60B | - | $1.57B | $1.54B | $1.55B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | $800.0K | - |
| Operating Income | $250.20M | - | $247.70M | $209.90M | $186.40M | - | $150.60M | $95.40M | $149.70M | - |
| Interest Expense | $10.80M | - | $11.60M | $8.60M | $8.50M | - | $8.50M | $8.60M | $8.50M | - |
| Income Tax | $50.30M | - | $48.50M | $41.90M | $31.90M | - | $27.60M | $10.90M | $29.80M | - |
| Net Income | $186.80M | - | $178.70M | $157.10M | $128.20M | - | $102.10M | $40.50M | $115.50M | - |
| EPS - Basic | $5.30 | - | $4.99 | $4.37 | $3.56 | - | $2.84 | $1.13 | $3.22 | - |
| EPS - Diluted | $5.20 | - | $4.90 | $4.30 | $3.50 | - | $2.80 | $1.12 | $3.18 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $243.50M | $1.12B | $915.70M | $244.10M | $315.10M | $435.50M | $427.10M | $337.60M | $264.60M | $316.10M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $16.53B | $16.95B | $16.77B | $15.73B | $15.47B | $15.27B | $15.37B | $14.87B | $14.59B | $14.61B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $793.70M | $843.30M | $843.00M | $347.80M | $722.50M | $722.30M | - | - | - | $783.20M |
| Total Liabilities | $12.96B | $13.37B | $13.35B | $12.52B | $12.43B | $12.43B | $12.49B | $12.32B | $12.07B | $12.15B |
| Stockholders' Equity | $3.57B | $3.57B | $3.43B | $3.22B | $3.04B | $2.84B | $2.88B | $2.55B | $2.52B | $2.47B |
| Retained Earnings | $3.89B | $3.74B | $3.58B | $3.43B | $3.31B | $3.21B | $3.07B | $3.00B | $2.99B | $2.91B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $118.80M | - | - | - | $38.90M | - | - | - | $58.70M | - |
| Investing Cash Flow | ($493.80M) | - | - | - | ($112.30M) | - | - | - | ($74.80M) | - |
| Financing Cash Flow | ($504.60M) | - | - | - | ($47.50M) | - | - | - | ($35.40M) | - |
| CapEx | $3.50M | - | - | - | $1.80M | - | - | - | $2.60M | - |
| Free Cash Flow | $115.30M | - | - | - | $37.10M | - | - | - | $56.10M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 14.7% | - | 14.9% | 12.7% | 11.6% | - | 9.6% | 6.2% | 9.7% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | 9.7% | - |
| Net margin | 11.0% | - | 10.7% | 9.5% | 8.0% | - | 6.5% | 2.6% | 7.4% | - |
| Free cash flow margin | 6.8% | - | - | - | 2.3% | - | - | - | 3.6% | - |
| FCF / Net income | 0.62 | - | - | - | 0.29 | - | - | - | 0.49 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 21.2% | - | 21.3% | 21.1% | 19.9% | - | 21.3% | 21.2% | 20.5% | - |
| Return on assets | 1.1% | - | 1.1% | 1.0% | 0.8% | - | 0.7% | 0.3% | 0.8% | - |
| Return on equity | 5.2% | - | 5.2% | 4.9% | 4.2% | - | 3.5% | 1.6% | 4.6% | - |
| Return on invested capital | 4.5% | - | 4.6% | 4.6% | 4.0% | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.22 | 0.24 | 0.25 | 0.11 | 0.24 | 0.25 | - | - | - | 0.32 |
| Debt / Assets | 0.05 | 0.05 | 0.05 | 0.02 | 0.05 | 0.05 | - | - | - | 0.05 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 23.2x | - | 21.4x | 24.4x | 21.9x | - | 17.7x | 11.1x | 17.6x | - |
| Equity multiplier | 4.63 | 4.74 | 4.90 | 4.89 | 5.08 | 5.37 | 5.34 | 5.83 | 5.79 | 5.93 |
| Liabilities / Assets | 0.78 | 0.79 | 0.80 | 0.80 | 0.80 | 0.81 | 0.81 | 0.83 | 0.83 | 0.83 |
| Efficiency | ||||||||||
| Asset turnover | 0.10 | - | 0.10 | 0.11 | 0.10 | - | 0.10 | 0.10 | 0.11 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 33.3x | - | 37.1x | 39.5x | 49.7x | - | 52.9x | 112.0x | 42.8x | - |
| P / B | 1.7x | - | 1.9x | 1.9x | 2.1x | - | 1.9x | 1.8x | 2.0x | - |
| P / S | 3.7x | - | 4.0x | 3.7x | 4.0x | - | 3.5x | 3.0x | 3.2x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | 31.1x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 6.1% | - | 6.4% | 7.7% | 3.4% | - | 3.2% | 2.1% | 7.4% | - |
| Revenue CAGR (3y) | 5.6% | - | 6.8% | 8.6% | 6.4% | - | 7.0% | 5.9% | 6.5% | - |
| Revenue CAGR (5y) | 5.8% | - | 5.9% | 6.2% | 8.7% | - | 5.2% | 5.1% | 4.9% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 34.2% | - | 64.5% | 120.0% | 24.5% | - | 999.3% | - | 1034.1% | - |
| Net income growth (YoY) | 45.7% | - | 75.0% | 287.9% | 11.0% | - | 1087.2% | - | - | - |
| EPS growth (YoY) | 48.6% | - | 75.0% | 283.9% | 10.1% | - | 1066.7% | - | - | - |
| EPS CAGR (3y) | - | - | 688.4% | 89.7% | 6.5% | - | 43.9% | -31.7% | 8.2% | - |
| EPS CAGR (5y) | 15.7% | - | 9.4% | 7.4% | - | - | -1.1% | -9.0% | 1.4% | - |
| FCF growth (YoY) | 210.8% | - | - | - | -33.9% | - | - | - | 284.2% | - |
| FCF CAGR (5y) | -3.7% | - | - | - | 2.1% | - | - | - | 11.0% | - |
| Book value growth (YoY) | 17.3% | 25.7% | 19.1% | 26.0% | 20.7% | 15.3% | 36.0% | 14.0% | 5.6% | 6.0% |
Peer comparison
Same SIC group: Fire, Marine & Casualty Insurance
Comparing HANOVER INSURANCE GROUP against the 5 most active filers in the same SIC group.
Dividends
$3.70/share trailing 12 months · +5.7% YoY
| Ex-date | Per share |
|---|---|
| Mar 13, 2026 | $0.9500 |
| Dec 12, 2025 | $0.9500 |
| Sep 12, 2025 | $0.9000 |
| Jun 13, 2025 | $0.9000 |
| Mar 14, 2025 | $0.9000 |
| Dec 13, 2024 | $0.9000 |
| Sep 13, 2024 | $0.8500 |
| Jun 14, 2024 | $0.8500 |
| Mar 14, 2024 | $0.8500 |
| Dec 14, 2023 | $0.8500 |
| Sep 14, 2023 | $0.8100 |
| Jun 15, 2023 | $0.8100 |
| Mar 14, 2023 | $0.8100 |
| Dec 14, 2022 | $0.8100 |
| Sep 15, 2022 | $0.7500 |
| Jun 9, 2022 | $0.7500 |
| Mar 10, 2022 | $0.7500 |
| Dec 15, 2021 | $0.7500 |
| Sep 9, 2021 | $0.7000 |
| Jun 10, 2021 | $0.7000 |
| Mar 11, 2021 | $0.7000 |
| Dec 17, 2020 | $0.7000 |
| Sep 10, 2020 | $0.6500 |
| Jun 11, 2020 | $0.6500 |