The Hanover Insurance Group, Inc. logo

The Hanover Insurance Group, Inc.

THG

NYSEFinancial ServicesInsurance - Property & Casualty

Previous close

$223.16

+$0.05 · +0.02%

Aug 21, 4:00 PM ET

THG company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

92

Deep Value

Momentum

59

Neutral

Sentiment

69

Bullish

Risk resilience

84

Low Risk

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Company profile

Company website

The Hanover Insurance Group, Inc. (THG) is a U.S.-based insurer offering a wide array of property and casualty coverage through its various operating units. Its operations are organized into three main divisions: Commercial Lines, Personal Lines, and an "Other" segment. The Commercial Lines division delivers a comprehensive suite of business insurance solutions, including multi-peril, commercial auto, and workers' compensation policies. It also provides management and professional liability, marine, specialized industrial and commercial property, standalone general liability, surety bonds, umbrella liability, fidelity, crime, and additional commercial protection. Within Personal Lines, customers can access auto and homeowners' insurance, alongside other individual coverages like personal umbrella policies, inland marine, fire, personal watercraft, and personal cyber protection. The "Other" segment focuses on delivering investment management expertise to institutions, pension funds, and a range of other organizational clients. Distribution of Hanover's offerings is primarily facilitated by a network of independent agents and brokers. Originally incorporated as Allmerica Financial Corp., the company adopted its current name, The Hanover Insurance Group, Inc., in December 2005. Established in 1852, The Hanover Insurance Group, Inc. maintains its corporate headquarters in Worcester, Massachusetts.

Industry
Insurance - Property & Casualty
Sector
Financial Services
Headquarters
US
CEO
John Conner Roche
Listed since
Oct 11, 1995
Employees
4,900

Market position

Day range

Current $223.16

52-week range

Current $223.16

Open
$222.88
Previous close
$223.11
Volume
206.84K
0.66× average
Average volume
312.22K
Average daily volume
Market cap
7.77B USD
Beta
0.28
Market reference 1
50-day average
$216.48
+3.09% above average
200-day average
$189.04
+18.05% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
6.62B USD
P/E (TTM)
10.51×
P/B (TTM)
2.16×
P/S (TTM)
1.15×
EV / EBITDA
7.5×
Earnings yield
10.15%
Free cash flow yield
17.94%
Dividend yield
1.68%

Profitability & efficiency

Gross margin
39.89%
Operating margin
14.30%
Net margin
11.18%
Return on equity
18.55%
Return on assets
3.91%
Return on invested capital
11.58%

Financial health

Debt / equity
0.23×
Current ratio
0.62×
Altman Z-score
1.72
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends48%31%13%-4%Gross margin, FY2021: 20.21%Gross margin, FY2022: 13.18%Gross margin, FY2023: 10.95%Gross margin, FY2024: 19.91%Gross margin, FY2025: 43.47%Operating margin, FY2021: 10.10%Operating margin, FY2022: 2.65%Operating margin, FY2023: 0.69%Operating margin, FY2024: 8.65%Operating margin, FY2025: 12.79%Net margin, FY2021: 8.19%Net margin, FY2022: 2.14%Net margin, FY2023: 0.59%Net margin, FY2024: 6.85%Net margin, FY2025: 10.04%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 20.21%. Gross margin FY2022 13.18%. Gross margin FY2023 10.95%. Gross margin FY2024 19.91%. Gross margin FY2025 43.47%. Operating margin FY2021 10.10%. Operating margin FY2022 2.65%. Operating margin FY2023 0.69%. Operating margin FY2024 8.65%. Operating margin FY2025 12.79%. Net margin FY2021 8.19%. Net margin FY2022 2.14%. Net margin FY2023 0.59%. Net margin FY2024 6.85%. Net margin FY2025 10.04%.

Income trends

Revenue

6.6B USD+6.12%

Operating income

843.8M USD+56.90%

Net income

662.5M USD+55.52%
Income trends across reported periods7.25B USD4.63B USD2B USD−620.92M USDRevenue, FY2021: 5.16B USDRevenue, FY2022: 5.43B USDRevenue, FY2023: 5.96B USDRevenue, FY2024: 6.22B USDRevenue, FY2025: 6.6B USDOperating income, FY2021: 521.3M USDOperating income, FY2022: 144M USDOperating income, FY2023: 41.1M USDOperating income, FY2024: 537.8M USDOperating income, FY2025: 843.8M USDNet income, FY2021: 422.8M USDNet income, FY2022: 116M USDNet income, FY2023: 35.3M USDNet income, FY2024: 426M USDNet income, FY2025: 662.5M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 5.16B USD. Revenue FY2022 5.43B USD. Revenue FY2023 5.96B USD. Revenue FY2024 6.22B USD. Revenue FY2025 6.6B USD. Operating income FY2021 521.3M USD. Operating income FY2022 144M USD. Operating income FY2023 41.1M USD. Operating income FY2024 537.8M USD. Operating income FY2025 843.8M USD. Net income FY2021 422.8M USD. Net income FY2022 116M USD. Net income FY2023 35.3M USD. Net income FY2024 426M USD. Net income FY2025 662.5M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue6.6B USD6.22B USD5.96B USD5.43B USD5.16B USD
Cost of goods sold3.73B USD4.98B USD5.31B USD4.72B USD4.12B USD
Gross profit2.87B USD1.24B USD652.9M USD716.3M USD1.04B USD
Operating expenses2.02B USD699.9M USD611.8M USD572.3M USD521.4M USD
Interest expense43.2M USD34.1M USD34.1M USD34.1M USD34M USD
Depreciation and amortization−4.6M USD1.5M USD6.3M USD12.9M USD16.9M USD
Operating income843.8M USD537.8M USD41.1M USD144M USD521.3M USD
Net income662.5M USD426M USD35.3M USD116M USD422.8M USD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
18.51
FY2025 · +58.21% year over year
Latest fiscal-year revenue
6.6B USD
FY2025 · +6.12% year over year
Next fiscal-year EPS consensus
20.29
FY2026 · 5 analysts
Next fiscal-year revenue consensus
6.65B USD
FY2026 · 3 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend22.8814.926.95-1.01FY21FY22FY23FY24FY25FY26FY27

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend7.62B6.72B5.83B4.94BFY21FY22FY23FY24FY25FY26FY27FY28

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$224.5

0.60% upside
Past 12 months12-month forecastHigh $240Average $224.5Low $203

Recent analyst actions

10 institutions

THG news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$3.65

2025 complete year+28.1% since 2021

2026 partial: $1.90

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 12, 2026

$0.95

Quarterly

Record Jun 12, 2026 · Payment Jun 26, 2026

Dividend

Ex-dividend Mar 13, 2026

$0.95

Quarterly

Record Mar 13, 2026 · Payment Mar 27, 2026

Dividend

Ex-dividend Dec 12, 2025

$0.95

Quarterly

Record Dec 12, 2025 · Payment Dec 26, 2025

Dividend

Ex-dividend Sep 12, 2025

$0.90

Quarterly

Record Sep 12, 2025 · Payment Sep 26, 2025

Dividend

Ex-dividend Jun 13, 2025

$0.90

Quarterly

Record Jun 13, 2025 · Payment Jun 27, 2025

Dividend

Ex-dividend Mar 14, 2025

$0.90

Quarterly

Record Mar 14, 2025 · Payment Mar 28, 2025

THG peers

ETFs holding THG

Funds reporting this stock among their holdings, ordered by reported position size.

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