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Hanover Insurance
(NYSE:THG)
Hanover Insurance (THG) vs. SPDR S&P 500 ETF (SPY)
Hanover Insurance Business Overview & Revenue Model
Hanover Insurance Earnings Call Summary
Hanover Insurance Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.49B | 6.22B | 5.96B | 5.43B | 5.16B | 4.82B |
| Gross Profit | 1.11B | 1.24B | 652.90M | 716.30M | 1.04B | 1.02B |
| EBITDA | 771.90M | 573.40M | 81.50M | 191.00M | 572.20M | 500.10M |
| Net Income | 631.90M | 426.00M | 35.30M | 116.00M | 422.80M | 358.70M |
Balance Sheet | ||||||
| Total Assets | 16.77B | 15.27B | 14.61B | 14.00B | 14.25B | 13.44B |
| Cash, Cash Equivalents and Short-Term Investments | 915.70M | 435.50M | 316.10M | 305.00M | 230.90M | 120.60M |
| Total Debt | 1.28B | 784.10M | 783.20M | 782.40M | 781.60M | 780.80M |
| Total Liabilities | 13.35B | 12.43B | 12.15B | 11.66B | 11.11B | 10.24B |
| Stockholders Equity | 3.43B | 2.84B | 2.47B | 2.33B | 3.14B | 3.20B |
Cash Flow | ||||||
| Free Cash Flow | 1.00B | 796.20M | 349.80M | 704.50M | 815.70M | 692.70M |
| Operating Cash Flow | 1.01B | 806.40M | 361.70M | 722.30M | 823.70M | 707.60M |
| Investing Cash Flow | -792.90M | -541.50M | -228.50M | -507.60M | -460.20M | -608.80M |
| Financing Cash Flow | 270.00M | -145.50M | -122.10M | -140.60M | -253.20M | -193.90M |
Hanover Insurance Technical Analysis
Hanover Insurance Risk Analysis
Hanover Insurance Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $6.08B | 9.88 | 20.02% | 2.11% | 5.26% | 72.46% | |
| ― | $5.41B | 15.44 | 19.49% | 4.44% | 3.72% | -16.23% | |
| ― | $4.55B | 11.60 | 12.22% | 1.99% | 10.98% | 74.87% | |
| ― | $7.22B | 7.63 | 16.27% | 1.88% | 6.37% | 68.32% | |
| ― | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
| ― | $4.28B | 10.97 | 21.56% | 1.64% | 14.93% | 22.19% | |
| ― | $2.82B | 8.48 | 12.21% | 2.82% | 2.75% | 572.22% |
Hanover Insurance Corporate Events
The Hanover Insurance Group, Inc. is a leading property and casualty insurance provider in the United States, offering a range of insurance solutions for businesses and individuals through independent agents and brokers. In its latest earnings report, The Hanover announced record third-quarter net income and operating income per diluted share, demonstrating strong financial performance and strategic execution. Key highlights include a combined ratio of 91.1%, excluding catastrophes, and a significant increase in net investment income by 27.5% from the previous year. The company also reported a 4.5% growth in net premiums written, with notable renewal price increases across its Personal Lines, Core Commercial, and Specialty segments. Looking forward, The Hanover remains focused on sustaining its performance and investing in innovative capabilities to ensure long-term success, as indicated by its management’s positive outlook.
On August 19, 2025, The Hanover Insurance Group, Inc. announced the pricing of a $500 million senior notes offering with a 5.50% interest rate due in 2035. The proceeds from this issuance are intended to repay existing debts and for general corporate purposes, potentially impacting the company’s financial strategy and market positioning.
The most recent analyst rating on (THG) stock is a Buy with a $210.00 price target. To see the full list of analyst forecasts on Hanover Insurance stock, see the THG Stock Forecast page.
The Hanover Insurance Group’s second-quarter earnings call painted a picture of robust performance and positive outlook. The sentiment was overwhelmingly positive, highlighted by record operating return on equity (ROE), significant earnings growth, and improved combined ratios. The Personal Lines and Specialty segments were standout performers, contributing to the company’s strong financial results. Despite facing challenges such as increased reserving in commercial auto and potential tariff impacts, the highlights significantly outweighed these lowlights, underscoring a strong performance and a promising future.
The Hanover Insurance Group, Inc. is a prominent player in the U.S. insurance market, offering a range of property and casualty insurance solutions through independent agents and brokers, focusing on small and mid-sized businesses as well as personal insurance lines. In its latest earnings report, The Hanover Insurance Group announced a significant increase in net income and operating income for the second quarter of 2025, with net income reaching $157.1 million, or $4.30 per diluted share, a substantial rise from the previous year’s $40.5 million. The company also reported an operating income of $158.7 million, or $4.35 per diluted share, marking a strong performance across its business segments. Key financial metrics highlighted in the report include a combined ratio of 92.5%, with a notable improvement in the loss and loss adjustment expense ratio, which decreased by 6.5 points compared to the prior-year quarter. The Hanover also achieved a 16.7% increase in net investment income, driven by higher earned yields and increased cash flows. The company’s book value per share rose to $89.62, reflecting a 6.0% increase from March 31, 2025. Looking ahead, The Hanover Insurance Group’s management remains optimistic about the company’s prospects, emphasizing its strategic focus on disciplined underwriting and strong execution to drive profitable growth. The company is committed to leveraging its innovative product portfolio and investments to maintain its positive momentum into the second half of 2025.