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

The Hanover Insurance Group, Inc. (THG) Return on invested capital

Alert me on Return on invested capital

The Hanover Insurance Group, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 15.9%, up 1.5 percentage points from fiscal 2025 (14.4%). Over the past ten years it has ranged from 0.88% (fiscal 2023) to 14.4% (fiscal 2025) — the current reading is the highest in ten years. That is above the Insurance Property & Casualty industry median of 12.0% and above the Financial sector median of 5.07%.

Return on invested capital, annual

Embed this chart

Annual newest first

Period Return on invested capital Change (points)
FY2025 14.4% 3.84
FY2024 10.5% 9.66
FY2023 0.88% (2.32)
FY2022 3.20% (5.62)
FY2021 8.82% 1.52
FY2020 7.30% (2.43)
FY2019 9.73% 2.57
FY2018 7.16% 1.91
FY2017 5.25% 2.38
FY2016 2.87% (5.89)

Against its own ten years

Low 0.88% High 14.4%
Ten-year median 7.30%
Current reading's percentile 100

Return on invested capital against peers

Company Return on invested capital
MCY Mercury General Corporation compare 24.8%
KNSL Kinsale Capital Group, Inc. compare 21.1%
RLI RLI Corp. compare 16.5%
THG The Hanover Insurance Group, Inc. 15.9%
AFG American Financial Group, Inc. compare 14.4%
WTM White Mountains Insurance Group, Ltd. compare 13.4%
ORI Old Republic International Corporation compare 12.5%
SIGI Selective Insurance Group, Inc. compare 10.1%
CNA CNA Financial Corporation compare 6.92%
Insurance Property & Casualty industry median 12.0%
Financial sector median 5.07%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

More on THG