stockrowThe 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
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The Hanover Insurance Group, Inc. (THG) Gross margin
The Hanover Insurance Group, Inc.'s gross margin over the twelve months to 30 September 2026 was 44.4%, up 1.0 percentage points from fiscal 2025 (43.5%). Over the past ten years it has ranged from 31.0% (fiscal 2023) to 43.5% (fiscal 2025) — the current reading is the highest in ten years. That is above the Insurance Property & Casualty industry median of 41.7% and below the Financial sector median of 70.2%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 43.5% | 3.69 |
| FY2024 | 39.8% | 8.74 |
| FY2023 | 31.0% | (2.72) |
| FY2022 | 33.7% | (6.31) |
| FY2021 | 40.1% | (0.98) |
| FY2020 | 41.0% | (0.38) |
| FY2019 | 41.4% | 2.03 |
| FY2018 | 39.4% | (0.18) |
| FY2017 | 39.6% | 2.36 |
| FY2016 | 37.2% | (5.51) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 43.0% | (1.27) |
| Jun 2026 | 44.2% | 0.52 |
| Mar 2026 | 43.7% | (3.06) |
| Dec 2025 | 46.8% | 2.46 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| WTM White Mountains Insurance Group, Ltd. compare | 59.4% |
| THG The Hanover Insurance Group, Inc. | 44.4% |
| SIGI Selective Insurance Group, Inc. compare | 41.8% |
| CNA CNA Financial Corporation compare | 41.7% |
| KNSL Kinsale Capital Group, Inc. compare | 34.5% |
| RLI RLI Corp. compare | 33.5% |
| AFG American Financial Group, Inc. compare | 22.3% |
| MCY Mercury General Corporation compare | 21.1% |
| ORI Old Republic International Corporation compare | 14.9% |
| Insurance Property & Casualty industry median | 41.7% |
| Financial sector median | 70.2% |
| Market median | 46.4% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on THG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement