Hanover Insurance Group Inc (THG) reported $6.83B of revenue for the twelve months ended Sep 30, 2026. That is up 5.0% from the year before. Revenue for fiscal 2025 was $6.59B.

Yes. Hanover Insurance Group Inc earned $749.50M in net income for the twelve months ended Sep 30, 2026, a net margin of 11.0%.

How much cash and debt does THG have?

Hanover Insurance Group Inc reported $506.30M in cash and cash equivalents and $844.20M of debt on its most recent balance sheet in SEC filings.

How fast is THG revenue growing?

Hanover Insurance Group Inc's revenue changed +5.7% in fiscal 2025, to $6.59B. Its compound annual growth rate was +6.4% over 5 years and +2.7% over 10 years.

What is THG free cash flow?

Hanover Insurance Group Inc generated $1.22B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.23B less capital expenditures.

What is THG earnings per share?

Diluted earnings per share were $20.90 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did THG last report financial results?

The latest statements here come from Hanover Insurance Group Inc's 10-Q/A filed on Nov 5, 2026, covering the period ended Sep 30, 2026.

Financials · THG

Hanover Insurance Group Inc (THG) financials

For the twelve months ended Sep 30, 2026, Hanover Insurance Group Inc reported $6.83B of revenue and $749.50M of net income.

Revenue, TTM: $6.83B
Revenue growth, YoY: +5.0%
Net income, TTM: $749.50M
Net income growth, YoY: +18.6%
Net margin: 11.0%
Free cash flow, TTM: $1.22B
EPS, diluted, TTM: $20.90
EPS growth, YoY: +20.8%
Cash: $506.30M
Total debt: $844.20M
P/E: 11.14
P/S: 1.22
Market cap: $8.35B

Annual revenue$6.59B

FY2016FY2025

Annual net income$662.50M

FY2016FY2025

Annual free cash flow$1.17B

FY2016FY2025

THG revenue and earnings growth

THG revenueQ3 2026$1.74B

Quarter YoY: +4.2%
QoQ: +0.5%
FY YoY: +5.7%
5Y CAGR: +6.4%
10Y CAGR: +2.7%

THG revenue was $1.74B in fiscal Q3 2026 (ended Sep 30, 2026), up 4.2% from a year earlier and up 0.5% from the prior quarter. For the full fiscal 2025 it was $6.59B, up 5.7% from fiscal 2024. Compound annual growth was +6.4% over 5 years and +2.7% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

THG net incomeQ3 2026$172.60M

Quarter YoY: -3.4%
QoQ: -9.9%
FY YoY: +55.5%
5Y CAGR: +13.1%
10Y CAGR: +7.2%

THG net income was $172.60M in fiscal Q3 2026 (ended Sep 30, 2026), down 3.4% from a year earlier and down 9.9% from the prior quarter. For the full fiscal 2025 it was $662.50M, up 55.5% from fiscal 2024. Compound annual growth was +13.1% over 5 years and +7.2% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

THG EPSQ3 2026$4.86

Quarter YoY: -0.8%
QoQ: -9.7%
FY YoY: +55.2%
5Y CAGR: +14.0%
10Y CAGR: +9.4%

THG diluted EPS was $4.86 in fiscal Q3 2026 (ended Sep 30, 2026), down 0.8% from a year earlier and down 9.7% from the prior quarter. For the full fiscal 2025 it was $18.16, up 55.2% from fiscal 2024. Compound annual growth was +14.0% over 5 years and +9.4% over 10 years.

THG free cash flowQ3 2026$518.00M

Quarter YoY: -6.1%
QoQ: +147.4%
FY YoY: +47.0%
5Y CAGR: +11.1%
10Y CAGR: +10.7%

THG free cash flow was $518.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 6.1% from a year earlier and up 147.4% from the prior quarter. For the full fiscal 2025 it was $1.17B, up 47.0% from fiscal 2024. Compound annual growth was +11.1% over 5 years and +10.7% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$6.59B	$6.24B	$5.99B	$5.47B	$5.23B	$4.82B	$4.89B	$4.49B	$4.27B	$4.05B
Operating income	$933.00M	$650.10M	$105.60M	$285.10M	$432.30M	$484.70M	$453.60M	$406.50M	$327.30M	$192.90M
Pre-tax income	$843.80M	$537.80M	$41.10M	$144.00M	$521.30M	$444.80M	$522.10M	$282.50M	$292.90M	$66.00M
Income tax	$183.10M	$112.50M	$7.60M	$27.20M	$101.30M	$82.80M	$93.10M	$43.50M	$76.80M	-$1.00M
Net income	$662.50M	$426.00M	$35.30M	$116.00M	$422.80M	$358.70M	$425.10M	$391.00M	$186.20M	$155.10M
EPS, basic	$18.50	$11.85	$0.99	$3.26	$11.78	$9.52	$10.62	$9.21	$4.38	$3.63
EPS, diluted	$18.16	$11.70	$0.98	$3.21	$11.60	$9.42	$10.46	$9.09	$4.33	$3.59
Diluted shares	36.5M	36.4M	36.1M	36.1M	36.4M	38.1M	40.6M	43.0M	43.0M	43.2M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$1.12B	$435.50M	$316.10M	$305.00M	$230.90M	$120.60M	$215.70M	$1.02B	$297.90M	$147.30M
Goodwill	$178.80M	$178.80M	$178.80M	$178.80M	$178.80M	$178.80M	$178.80M	$178.80M	$178.80M	$184.80M
Total assets	$16.95B	$15.27B	$14.61B	$14.00B	$14.25B	$13.44B	$12.49B	$12.40B	$15.47B	$14.22B
Short-term debt	$375.00M	$61.80M	-	-	-	-	-	-	-	-
Total debt	$1.22B	$784.10M	$783.20M	$782.40M	$781.60M	$780.80M	$653.40M	$777.90M	$786.90M	$786.40M
Total liabilities	$13.37B	$12.43B	$12.15B	$11.66B	$11.11B	$10.24B	$9.57B	$9.45B	$12.47B	$11.36B
Shareholders' equity	$3.57B	$2.84B	$2.47B	$2.33B	$3.14B	$3.20B	$2.92B	$2.95B	$3.00B	$2.86B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$1.18B	$806.40M	$361.70M	$722.30M	$823.70M	$707.60M	$602.90M	$551.30M	$704.60M	$743.40M
Capital expenditures	$7.70M	$10.20M	$11.90M	$17.80M	$8.00M	$14.90M	$13.30M	$13.10M	$18.60M	$15.70M
Free cash flow	$1.17B	$796.20M	$349.80M	$704.50M	$815.70M	$692.70M	$589.60M	$538.20M	$686.00M	$727.70M
Investing cash flow	-$666.20M	-$540.90M	-$228.50M	-$507.60M	-$460.20M	-$608.80M	-$311.90M	$271.30M	-$506.30M	-$495.40M
Financing cash flow	$175.20M	-$145.50M	-$122.10M	-$140.60M	-$253.20M	-$193.90M	-$1.10B	-$171.00M	-$111.70M	-$300.80M
Dividends paid	$130.60M	$124.10M	$117.20M	$108.90M	$102.20M	$99.50M	$386.20M	$94.30M	$86.80M	$80.40M
Share repurchases	$129.20M	$26.70M	$0	$30.80M	$162.60M	$212.80M	$563.60M	$57.70M	$37.20M	$105.60M
Stock-based compensation	$35.60M	$31.00M	$31.10M	$29.00M	$22.90M	$20.10M	$17.40M	$13.40M	$12.30M	$12.00M
Depreciation and amortization	-$4.60M	$1.50M	$6.30M	$12.90M	$16.90M	$18.20M	$21.60M	$24.60M	$30.10M	$30.70M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	5.7%	4.1%	9.6%	4.6%	8.4%	-1.3%	8.8%	5.3%	5.3%	-19.5%
Net income growth, YoY	55.5%	1106.8%	-69.6%	-72.6%	17.9%	-15.6%	8.7%	110.0%	20.1%	-53.2%
EPS growth, YoY	55.2%	1093.9%	-69.5%	-72.3%	23.1%	-9.9%	15.1%	109.9%	20.6%	-51.5%
Operating margin	14.1%	10.4%	1.8%	5.2%	8.3%	10.0%	9.3%	9.0%	7.7%	4.8%
Net margin	10.0%	6.8%	0.6%	2.1%	8.1%	7.4%	8.7%	8.7%	4.4%	3.8%
Free cash flow margin	17.7%	12.8%	5.8%	12.9%	15.6%	14.4%	12.1%	12.0%	16.1%	18.0%
Return on equity	18.5%	15.0%	1.4%	5.0%	13.5%	11.2%	14.6%	13.2%	6.2%	5.4%
Return on assets	3.9%	2.8%	0.2%	0.8%	3.0%	2.7%	3.4%	3.2%	1.2%	1.1%
Debt to equity	0.34	0.28	0.32	0.34	0.25	0.24	0.22	0.26	0.26	0.28

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$1.74B	$1.73B	$1.70B	$1.67B	$1.67B	$1.65B	$1.60B	$1.58B	$1.57B	$1.54B	$1.55B	$1.53B
Operating income	$244.40M	$251.90M	$250.20M	$289.00M	$247.70M	$209.90M	$186.40M	$254.40M	$150.60M	$95.40M	$149.70M	$158.10M
Pre-tax income	$220.30M	$244.60M	$237.10M	$257.80M	$227.10M	$198.80M	$160.10M	$211.50M	$129.70M	$51.30M	$145.30M	$150.20M
Income tax	$48.00M	$53.20M	$50.30M	$60.80M	$48.50M	$41.90M	$31.90M	$44.20M	$27.60M	$10.90M	$29.80M	$42.90M
Net income	$172.60M	$191.60M	$186.80M	$198.50M	$178.70M	$157.10M	$128.20M	$167.90M	$102.10M	$40.50M	$115.50M	$107.90M
EPS, basic	$4.97	$5.48	$5.30	$5.58	$4.99	$4.37	$3.56	$4.66	$2.84	$1.13	$3.22	$3.03
EPS, diluted	$4.86	$5.38	$5.20	$5.46	$4.90	$4.30	$3.50	$4.60	$2.80	$1.12	$3.18	$3.02
Diluted shares	35.5M	35.6M	35.9M	-	36.4M	36.5M	36.6M	-	36.5M	36.3M	36.3M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$506.30M	$266.10M	$243.50M	$1.12B	$915.70M	$244.10M	$315.10M	$435.50M	$427.10M	$337.60M	$264.60M	$316.10M
Goodwill	$178.80M	$178.80M	$178.80M	$178.80M	$178.80M	$178.80M	$178.80M	$178.80M	$178.80M	$178.80M	$178.80M	$178.80M
Total assets	$17.04B	$16.86B	$16.53B	$16.95B	$16.77B	$15.73B	$15.47B	$15.27B	$15.37B	$14.87B	$14.59B	$14.61B
Short-term debt	$50.10M	$50.10M	$50.10M	$375.00M	$436.80M	$436.80M	$61.80M	$61.80M	-	-	-	-
Total debt	$844.20M	$844.00M	$843.80M	$1.22B	$1.28B	$347.80M	$722.50M	$784.10M	$783.90M	$783.70M	$783.40M	$783.20M
Total liabilities	$13.60B	$13.19B	$12.96B	$13.37B	$13.35B	$12.52B	$12.43B	$12.43B	$12.49B	$12.32B	$12.07B	$12.15B
Shareholders' equity	$3.44B	$3.67B	$3.57B	$3.57B	$3.43B	$3.22B	$3.04B	$2.84B	$2.88B	$2.55B	$2.52B	$2.47B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$519.80M	$212.30M	$118.80M	$378.20M	$554.40M	$206.60M	$38.90M	$213.50M	$394.70M	$139.50M	$58.70M	$92.70M
Capital expenditures	$1.80M	$2.90M	$3.50M	$1.20M	$3.00M	$1.70M	$1.80M	$3.00M	$2.40M	$2.20M	$2.60M	$2.20M
Free cash flow	$518.00M	$209.40M	$115.30M	$377.00M	$551.40M	$204.90M	$37.10M	$210.50M	$392.30M	$137.30M	$56.10M	$90.50M
Investing cash flow	-$161.90M	-$106.20M	-$493.80M	-$23.60M	-$308.20M	-$222.10M	-$112.30M	-$150.10M	-$282.00M	-$34.00M	-$74.80M	-$42.10M
Financing cash flow	-$117.80M	-$83.10M	-$504.60M	-$149.60M	$427.60M	-$55.30M	-$47.50M	-$54.80M	-$26.70M	-$28.60M	-$35.40M	-$29.00M
Dividends paid	$32.90M	$33.10M	$33.50M	$33.70M	$32.20M	$32.30M	$32.40M	$32.40M	$30.60M	$30.60M	$30.50M	$30.30M
Share repurchases	$86.40M	$55.00M	$86.90M	$54.60M	$36.00M	$27.60M	$11.00M	$26.70M	$0	-	-	$0
Stock-based compensation	$12.30M	$11.50M	$6.60M	$7.80M	$10.00M	$11.20M	$6.60M	$7.50M	$8.70M	$8.10M	$6.70M	$7.20M
Depreciation and amortization	-$2.30M	-$1.00M	-$1.80M	-$1.30M	-$1.20M	-$1.00M	-$1.10M	-$600.0K	$500.0K	$800.0K	$800.0K	$800.0K

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	4.2%	4.3%	6.1%	5.5%	6.4%	7.7%	3.4%	3.6%	3.2%	2.1%	7.4%	3.4%
Net income growth, YoY	-3.4%	22.0%	45.7%	18.2%	75.0%	287.9%	11.0%	55.6%	1087.2%	-	-	-
EPS growth, YoY	-0.8%	25.1%	48.6%	18.7%	75.0%	283.9%	10.1%	52.3%	1066.7%	-	-	-
Operating margin	14.1%	14.6%	14.7%	17.3%	14.9%	12.7%	11.6%	16.1%	9.6%	6.2%	9.7%	10.3%
Net margin	9.9%	11.1%	11.0%	11.9%	10.7%	9.5%	8.0%	10.6%	6.5%	2.6%	7.4%	7.1%
Free cash flow margin	29.8%	12.1%	6.8%	22.6%	33.1%	12.4%	2.3%	13.3%	25.1%	8.9%	3.6%	5.9%
Debt to equity	0.25	0.23	0.24	0.34	0.37	0.11	0.24	0.28	0.27	0.31	0.31	0.32

Source: XBRL data Hanover Insurance Group Inc files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

THG peers

Company	Revenue	Growth	Net income	Net margin	Market cap
THG	$6.83B	+5.0%	$749.50M	11.0%	$8.35B
CBChubb Limited	$61.85B	+5.7%	$11.23B	18.2%	$139.46B
PGRProgressive Corporation	$91.73B	+7.7%	$11.62B	12.7%	$131.96B
TRVThe Travelers Companies Inc.	$48.92B	+1.1%	$8.33B	17.0%	$80.99B
ALLAllstate Corporation	$70.23B	+5.1%	$11.61B	16.5%	$63.05B
AIGAmerican International Group Inc. New	$27.73B	+1.2%	$3.29B	11.9%	$40.31B
HIGThe Hartford Insurance Group Inc.	$29.87B	+9.2%	$4.61B	15.4%	$35.83B
ACGLArch Capital Group Ltd.	$18.78B	-3.9%	$4.38B	23.3%	$34.92B
CINFCincinnati Financial Corporation	$13.28B	+9.9%	$2.66B	20.1%	$28.47B

THG FAQ

8 questions

What is THG revenue?
Hanover Insurance Group Inc (THG) reported $6.83B of revenue for the twelve months ended Sep 30, 2026. That is up 5.0% from the year before. Revenue for fiscal 2025 was $6.59B.
Is THG profitable?
Yes. Hanover Insurance Group Inc earned $749.50M in net income for the twelve months ended Sep 30, 2026, a net margin of 11.0%.
How much cash and debt does THG have?
Hanover Insurance Group Inc reported $506.30M in cash and cash equivalents and $844.20M of debt on its most recent balance sheet in SEC filings.
How fast is THG revenue growing?
Hanover Insurance Group Inc's revenue changed +5.7% in fiscal 2025, to $6.59B. Its compound annual growth rate was +6.4% over 5 years and +2.7% over 10 years.
What is THG free cash flow?
Hanover Insurance Group Inc generated $1.22B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.23B less capital expenditures.
What is THG earnings per share?
Diluted earnings per share were $20.90 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did THG last report financial results?
The latest statements here come from Hanover Insurance Group Inc's 10-Q/A filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
Where does this THG financial data come from?
Quantisnow builds these statements from the structured XBRL data Hanover Insurance Group Inc files with the SEC. It is provided for information only and is not investment advice.