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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) P/B ratio

Alert me on P/B ratio

As of 3 November 2026, The Hanover Insurance Group, Inc. (THG) trades at a P/B ratio of 2.5×. Over the past ten years it has ranged from 1.0× (April 2015) to 2.5× (November 2026); the current reading is higher than 100% of that period. That is above the Insurance Property & Casualty industry median of 2.0× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.8× (6.23%)
FY2024 2.0× 9.76%
FY2023 1.8× (14.13%)
FY2022 2.1× 38.57%
FY2021 1.5× 8.69%
FY2020 1.4× (26.57%)
FY2019 1.9× 11.87%
FY2018 1.7× 10.76%
FY2017 1.5× 10.73%
FY2016 1.4× 8.83%

Quarterly newest first

Period P/B ratio Change
Sep 2026 2.2× 6.11%
Jun 2026 2.0× 19.40%
Mar 2026 1.7× (6.71%)
Dec 2025 1.8× (3.47%)
43 more quarters

Against its own ten years

Low 1.0× High 2.5×
Ten-year median 1.7×
Current reading's percentile 100

P/B ratio against peers

Company P/B ratio
WTM White Mountains Insurance Group, Ltd. compare 0.9×
CNA CNA Financial Corporation compare 1.2×
ORI Old Republic International Corporation compare 1.6×
SIGI Selective Insurance Group, Inc. compare 1.8×
MCY Mercury General Corporation compare 2.0×
THG The Hanover Insurance Group, Inc. 2.5×
AFG American Financial Group, Inc. compare 2.6×
RLI RLI Corp. compare 3.6×
KNSL Kinsale Capital Group, Inc. compare 4.5×
Insurance Property & Casualty industry median 2.0×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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