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Hanover Insurance (THG)

NYSE Financials Property & Casualty Insurance S&P MidCap 400
$242.90
-6.35 (-2.55%)
Close of Nov 06, 2026 · end-of-day data
Source: Hanover Insurance's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$4.05B$4.27B$4.49B$4.89B$4.82B$5.23B$5.47B$5.99B$6.24B$6.59B
Operating income$192.90M$327.30M$406.50M$453.60M$484.70M$432.30M$285.10M$105.60M$650.10M$933.00M
Interest expense$51.40M$45.20M$45.10M$37.50M$37.10M$34.00M$34.10M$34.10M$34.10M$43.20M
Pre-tax income$66.00M$292.90M$282.50M$522.10M$444.80M$521.30M$144.00M$41.10M$537.80M$843.80M
Income tax-$1.00M$76.80M$43.50M$93.10M$82.80M$101.30M$27.20M$7.60M$112.50M$183.10M
Net income$155.10M$186.20M$391.00M$425.10M$358.70M$422.80M$116.00M$35.30M$426.00M$662.50M
EBITDA$223.60M$357.40M$431.10M$475.20M$502.90M$449.20M$298.00M$111.90M$651.60M$928.40M
EPS (basic)$3.63$4.38$9.21$10.62$9.52$11.78$3.26$0.99$11.85$18.50
EPS (diluted)$3.59$4.33$9.09$10.46$9.42$11.60$3.21$0.98$11.70$18.16
Diluted shares43.20M43.00M43.00M40.60M38.10M36.40M36.10M36.10M36.40M36.50M
Operating margin4.8%7.7%9.0%9.3%10.0%8.3%5.2%1.8%10.4%14.1%
Net margin3.8%4.4%8.7%8.7%7.4%8.1%2.1%0.6%6.8%10.0%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$147.30M$297.90M$1.02B$215.70M$120.60M$230.90M$305.00M$316.10M$435.50M$1.12B
Goodwill$184.80M$178.80M$178.80M$178.80M$178.80M$178.80M$178.80M$178.80M$178.80M$178.80M
Total assets$14.22B$15.47B$12.40B$12.49B$13.44B$14.25B$14.00B$14.61B$15.27B$16.95B
Short-term debt————————$61.80M$375.00M
Long-term debt$786.40M$786.90M$777.90M$653.40M———$783.20M$722.30M$843.30M
Total debt$786.40M$786.90M$777.90M$653.40M———$783.20M$784.10M$1.22B
Total liabilities$11.36B$12.47B$9.45B$9.57B$10.24B$11.11B$11.66B$12.15B$12.43B$13.37B
Shareholders' equity$2.86B$3.00B$2.95B$2.92B$3.20B$3.14B$2.33B$2.47B$2.84B$3.57B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$743.40M$704.60M$551.30M$602.90M$707.60M$823.70M$722.30M$361.70M$806.40M$1.18B
Capital expenditures$15.70M$18.60M$13.10M$13.30M$14.90M$8.00M$17.80M$11.90M$10.20M$7.70M
Free cash flow$727.70M$686.00M$538.20M$589.60M$692.70M$815.70M$704.50M$349.80M$796.20M$1.17B
Investing cash flow-$495.40M-$506.30M$271.30M-$311.90M-$608.80M-$460.20M-$507.60M-$228.50M-$540.90M-$666.20M
Financing cash flow-$300.80M-$111.70M-$171.00M-$1.10B-$193.90M-$253.20M-$140.60M-$122.10M-$145.50M$175.20M
Dividends paid$80.40M$86.80M$94.30M$386.20M$99.50M$102.20M$108.90M$117.20M$124.10M$130.60M
Share buybacks$105.60M$37.20M$57.70M$563.60M$212.80M$162.60M$30.80M$0$26.70M$129.20M
Stock-based compensation$12.00M$12.30M$13.40M$17.40M$20.10M$22.90M$29.00M$31.10M$31.00M$35.60M
Depreciation & amortization$30.70M$30.10M$24.60M$21.60M$18.20M$16.90M$12.90M$6.30M$1.50M-$4.60M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.