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Wednesday 4 November 2026 Export THG’s income statement to Excel — free account

The Hanover Insurance Group, Inc.

THG Financial Insurance Property & Casualty

The Hanover Insurance Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.6 billion, up 5.72% from fiscal 2024.

Revenue
+4.23%
EPS
+1.22%
Free cash flow
−6.06%
Total debt
−34.0%

Quarter to September 2026, against a year earlier

249.73 2.42 +0.98%
Market cap
$8.5B
P/E
11.7×
Fwd P/E
11.6×
Dividend yield
1.53%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

The Hanover Insurance Group, Inc. (THG) Debt to equity

Alert me on Debt to equity

The Hanover Insurance Group, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.2×, down 0.1× from fiscal 2025 (0.3×). Over the past ten years it has ranged from 0.2× (fiscal 2019) to 0.3× (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Insurance Property & Casualty industry median of 0.2× and above the Financial sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.3× 23.63%
FY2024 0.3× (13.16%)
FY2023 0.3× (5.25%)
FY2022 0.3× 34.93%
FY2021 0.2× 1.93%
FY2020 0.2× 8.79%
FY2019 0.2× (14.89%)
FY2018 0.3× 0.30%
FY2017 0.3× (4.61%)
FY2016 0.3× (2.52%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.2× 6.74%
Jun 2026 0.2× (2.75%)
Mar 2026 0.2× (30.72%)
Dec 2025 0.3× (8.67%)
43 more quarters

Against its own ten years

Low 0.2× High 0.3×
Ten-year median 0.3×
Current reading's percentile 100

Debt to equity against peers

Company Debt to equity
KNSL Kinsale Capital Group, Inc. compare 0.1×
WTM White Mountains Insurance Group, Ltd. compare 0.2×
RLI RLI Corp. compare 0.2×
MCY Mercury General Corporation compare 0.2×
THG The Hanover Insurance Group, Inc. 0.2×
SIGI Selective Insurance Group, Inc. compare 0.3×
CNA CNA Financial Corporation compare 0.3×
ORI Old Republic International Corporation compare 0.3×
AFG American Financial Group, Inc. compare 0.4×
Insurance Property & Casualty industry median 0.2×
Financial sector median 0.2×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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