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NYSE · FIRE, MARINE & CASUALTY INSURANCE · LARGE CAP

Hanover Insurance Group, Inc. THG

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$6.6B
▲ 5.7% YoY
$662.5M
▲ 55.5% YoY
$1.2B
▲ 47.0% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The company's primary business operations are property and casualty insurance products and services. It markets its products and services through independent agents and brokers in the United States. In 2025, the company generated approximately $6.3 billion in net premiums written, an increase of 3.9% from the prior year. It conducts its business operations through four reporting segments: Core Commercial, Specialty, Personal Lines and Other. Its Core Commercial segment generated $2.4 billion, or 36.4%, of consolidated operating revenues and $2.3 billion, or 36.0%, of net premiums written, for the year ended December 31, 2025. Its Personal Lines segment generated $2.7 billion, or 40.6%, of consolidated operating revenues and $2.6 billion, or 41.2%, of net premiums written, for the year ended December 31, 2025. The Hanover Insurance Group, Inc. is a holding company organized as a Delaware corporation in 1995. The company traces its roots to as early as 1852, when The Hanover Fire Insurance Company was founded.

Written from the business description in HANOVER INSURANCE GROUP, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 20 February 2026. Every sentence was checked against that document before publication.

Growth

USD 6.6B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 6.6 · Net income 0.7
2.5B5.0B
2008201120142017202020232025
Compound annual growth
+6.4%
+6.4%
+2.7%
+5.0%
+78.7%
+13.1%
+7.2%
+10.4%
+78.2%
+14.0%
+9.4%
+12.1%
+24.6%
−4.4%
+2.8%
+2.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +6.4% a year over the five years to FY2025 — but profit grew faster: net income at +13.1%, earnings per share at +14.0%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

10 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 14.1% · Net 10.0%
5%10%
200820162025
ROE
FY2025 · ROE 20.7%
10%20%
200820162025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Each USD of equity produced 21 cents of profit this year.

Cash & shareholders

USD 244.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.2
0.5B1.0B
200820162025
Net buybacks $M Dividends $M
FY2025 · Dividends 130.6 · Net buybacks 113.8
400M800MDividendsNet buybacks
2008201120142017202020232025

USD 130.6M in dividends and USD 113.8M in buybacks — 37% of the year's profit went back to shareholders.

Total assetsUSD 16.9B
EquityUSD 3.6B
CashUSD 1.1B
Gross debtUSD 1.2B
Net debtUSD 95.6M

Net debt stands at 3% of equity.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
THG, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B6.66.26.05.55.24.84.94.54.34.15.05.14.84.63.93.22.82.7
Operating income $B0.90.70.10.30.40.50.50.40.30.20.50.40.40.10.10.20.2◌
EBITDA $B0.90.70.1◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Income tax $B0.20.10.00.00.10.10.10.00.1−0.00.10.10.1−0.0−0.00.10.10.1
Net income $B0.70.40.00.10.40.40.40.40.20.20.30.30.30.10.00.20.20.0
Free cash flow $B1.20.80.30.70.80.70.60.50.70.70.40.60.40.40.20.10.10.2
EPS, diluted $18.1611.700.983.2111.609.4210.469.094.333.597.406.285.591.230.803.273.860.40
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout %202933294242891244752222424991393119112
ROE %20.716.11.54.213.311.714.513.16.45.411.710.49.72.21.56.39.31.1

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 53 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityFire, Marine & Casualty Insurance
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2008

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