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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
440 Lincoln Street, Worcester, MA, 01653, United States
508-855-1000
www.hanover.com
Market Cap
$6.27B
P/E (TTM)
9.6
11
Dividend Yield
2.1%
52W High
$188.18
52W Low
$155.93
52W Range
70%
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)

PGR stock ticker logoPGR
$87.65B
+16.3%
ALL stock ticker logoALL
$66.46B
+4.6%
CB stock ticker logoCB
$59.75B
+6.5%

Gross Margin (Latest Quarter)

GBLI stock ticker logoGBLI
148.1%
+1.4pp
HMN stock ticker logoHMN
100.0%
+7.1pp
SIGI stock ticker logoSIGI
100.0%
+0.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CB$127.09B12.514.7%9.0%
PGR$115.18B10.244.5%0.0%
TRV$64.78B10.520.6%6.4%

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 28, 2026
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LTM
No Data