THG
The Hanover Insurance Group Inc
NYSE: THG · FINANCIAL SERVICES · INSURANCE - PROPERTY & CASUALTY
$177.51
-1.77% today
Updated 2026-04-29
Market cap
$6.25B
P/E ratio
9.80
P/S ratio
0.95x
EPS (TTM)
$18.12
Dividend yield
2.02%
52W range
$158 – $187
Volume
0.3M
The Hanover Insurance Group Inc (THG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.64B | $2.67B | $2.68B | $2.83B | $3.15B | $3.93B | $4.59B | $4.79B | $5.07B | $5.05B | $3.97B | $4.27B | $4.47B | $4.89B | $4.82B | $5.16B | $5.43B | $5.96B | $6.22B | $6.60B |
| Revenue growth (YoY) | — | +1.2% | +0.2% | +5.7% | +11.2% | +24.7% | +16.8% | +4.4% | +5.7% | -0.4% | -21.4% | +7.6% | +4.6% | +9.5% | -1.5% | +7.1% | +5.3% | +9.8% | +4.2% | +6.1% |
| Cost of revenue | $1.95B | $1.98B | $2.18B | $2.60B | $2.53B | $3.33B | $3.91B | $3.73B | $3.97B | $3.92B | $3.35B | $3.42B | $3.62B | $3.79B | $3.80B | $4.12B | $4.72B | $5.31B | $4.98B | $3.73B |
| Gross profit | $693.20M | $693.10M | $498.00M | $236.40M | $626.90M | $601.90M | $678.20M | $1.06B | $1.10B | $1.13B | $616.00M | $847.60M | $849.70M | $1.10B | $1.02B | $1.04B | $716.30M | $652.90M | $1.24B | $2.87B |
| Gross margin | 26.2% | 25.9% | 18.6% | 8.3% | 19.9% | 15.3% | 14.8% | 22.1% | 21.7% | 22.4% | 15.5% | 19.9% | 19.0% | 22.5% | 21.2% | 20.2% | 13.2% | 10.9% | 19.9% | 43.5% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| Operating income | $279.40M | $341.50M | $164.40M | $270.90M | $211.10M | $21.60M | $28.70M | $329.10M | $378.00M | $439.40M | $66.00M | $292.90M | $282.50M | $522.10M | $444.80M | $521.30M | $144.00M | $41.10M | $537.80M | $843.80M |
| Operating margin | 10.6% | 12.8% | 6.1% | 9.6% | 6.7% | 0.5% | 0.6% | 6.9% | 7.5% | 8.7% | 1.7% | 6.9% | 6.3% | 10.7% | 9.2% | 10.1% | 2.7% | 0.7% | 8.7% | 12.8% |
| EBITDA | $300.80M | $407.90M | $179.50M | $282.70M | $272.10M | $103.30M | $126.20M | $429.40M | $477.30M | $530.20M | $148.10M | $368.20M | $352.20M | $581.20M | $500.10M | $572.20M | $191.00M | $81.50M | $573.40M | $887.00M |
| EBITDA margin | 11.4% | 15.3% | 6.7% | 10.0% | 8.6% | 2.6% | 2.7% | 9.0% | 9.4% | 10.5% | 3.7% | 8.6% | 7.9% | 11.9% | 10.4% | 11.1% | 3.5% | 1.4% | 9.2% | 13.4% |
| EBIT | $279.40M | $389.00M | $164.40M | $270.90M | $255.40M | $76.60M | $90.60M | $394.40M | $443.80M | $500.00M | $117.40M | $338.10M | $327.60M | $559.60M | $481.90M | $555.30M | $178.10M | $75.20M | $571.90M | — |
| Interest expense | $0.00 | $40.60M | $0.00 | $0.00 | $44.30M | $55.00M | $61.90M | $65.30M | $65.80M | $60.60M | $51.40M | $45.20M | $45.10M | $37.50M | $37.10M | $34.00M | $34.10M | $34.10M | $34.10M | $43.20M |
| Income tax | $87.70M | $113.20M | $79.90M | $83.10M | $57.90M | $-9.90M | $-17.40M | $83.40M | $95.70M | $108.60M | $-1.00M | $76.80M | $43.50M | $93.10M | $82.80M | $101.30M | $27.20M | $7.60M | $112.50M | $183.10M |
| Effective tax rate | 34.0% | 30.9% | 79.5% | 29.6% | 27.2% | -36.9% | -45.2% | 24.9% | 25.3% | 24.7% | -0.6% | 29.2% | 10.0% | 18.0% | 18.8% | 19.3% | 19.0% | 17.7% | 20.9% | 21.7% |
| Net income | $170.30M | $253.10M | $20.60M | $197.20M | $154.80M | $36.70M | $55.90M | $251.00M | $282.00M | $331.50M | $155.10M | $186.20M | $391.00M | $425.10M | $358.70M | $422.80M | $116.00M | $35.30M | $426.00M | $662.50M |
| Net income growth (YoY) | — | +48.6% | -91.9% | +857.3% | -21.5% | -76.3% | +52.3% | +349.0% | +12.4% | +17.6% | -53.2% | +20.1% | +110.0% | +8.7% | -15.6% | +17.9% | -72.6% | -69.6% | +1106.8% | +55.5% |
| Profit margin | 6.4% | 9.5% | 0.8% | 7.0% | 4.9% | 0.9% | 1.2% | 5.2% | 5.6% | 6.6% | 3.9% | 4.4% | 8.8% | 8.7% | 7.4% | 8.2% | 2.1% | 0.6% | 6.9% | 10.0% |