The Hanover Insurance Group, Inc.
NYSE•THG
CEO: Mr. John Conner Roche
Sector: Financial Services
Industry: Insurance - Property & Casualty
Listing Date: 1995-10-11
The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage. The Specialty segment provides professional and executive Lines, marine, and surety and other, as well as specialty property and casualty, such as program business, specialty industrial business, excess and surplus business, and specialty general liability coverage. The Personal Lines segment offers personal automobile and homeowner's coverages, as well as other personal coverages, such as personal umbrella, inland marine, fire, personal watercraft, personal cyber, and other miscellaneous coverages. The Other segment markets investment advisory services to institutions, insurance companies, pension funds, and other organizations. The Hanover Insurance Group, Inc. markets its products and services through independent agents and brokers. The company was formerly known as Allmerica Financial Corp. and changed its name to The Hanover Insurance Group, Inc. in December 2005. The Hanover Insurance Group, Inc. was founded in 1852 and is headquartered in Worcester, Massachusetts.
Contact Information
Market Cap
$6.36B
P/E (TTM)
9.7
10.3
Dividend Yield
2.0%
52W High
$188.18
52W Low
$160.70
52W Range
Rank26Top 13.0%
5.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$1.67B+0.00%
4-Quarter Trend
EPS
$5.59+0.00%
4-Quarter Trend
FCF
$377.00M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Net Income Substantially Increased Net income reached $662.5M in 2025, a $236.5M increase, driven by higher after-tax operating income across segments.
Operating Income Improved Significantly Operating income before IET was $933.0M, improving $282.9M, largely due to lower pre-tax catastrophe losses of $276.3M.
Premiums Written Show Growth Total net premiums written grew to $6,322.1M in 2025, supported by renewal price increases and new business acquisition.
Personal Lines Underwriting Turnaround Personal Lines generated $243.7M underwriting profit in 2025, a favorable shift from a $4.1M loss recorded in 2024.
Risk Factors
Volatile Catastrophe Loss Exposure Catastrophe losses remain volatile and difficult to predict, potentially causing material adverse impact on financial results.
Inflation Pressures on Claims Costs Rising costs for construction, repair, and social inflation increase ultimate liability for loss reserves and LAE estimates.
Regulatory and Litigation Uncertainty State regulations, like Michigan PIP reform, and litigation trends create uncertainty impacting pricing and profitability.
Reinsurance Adequacy Concerns Reinsurance program adequacy is subject to market conditions; failure of reinsurers to honor obligations causes direct losses.
Outlook
Focus on Agency Distribution Strategy Strategy supports THG commitment to select independent agents, leveraging distribution expansion in underpenetrated geographies.
Disciplined Underwriting Efforts Continue Management seeks rate increases across lines, maintaining disciplined underwriting to achieve acceptable margins and profitability.
Investment Portfolio Management Portfolio strategy balances liquidity and capital preservation, focusing on high-quality fixed income securities for stability.
Technology Investment for Growth Investments continue in technology platforms and specialized segmentation to enhance agent value and drive profitable growth.
Peer Comparison
Revenue (TTM)
$89.43B
$66.46B
$61.10B
Gross Margin (Latest Quarter)
148.1%
100.0%
66.1%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| CB | $128.91B | 11.5 | 15.7% | 6.3% |
| PGR | $118.77B | 10.3 | 35.5% | 6.9% |
| TRV | $65.92B | 8.8 | 24.1% | 6.5% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.6%
Moderate Growth
4Q Net Income CAGR
15.7%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:Apr 29, 2026
EPS:$4.22
|Revenue:$1.58B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data