THG

HANOVER INSURANCE GROUP, INC.

Ticker: THGFinancialsProperty & Casualty Insurance
HQ WORCESTER, MACIK 944695FY end 12-31Book / share $102.58Shares 36M
Revenue (FY)
$6.59B+5.72%
TTM $6.76B
Op. margin
14.15%+3.73%
TTM 15.36%
Net income
$662.50M+55.52%
TTM $755.60M
Operating cash
$1.18B+46.09%
TTM $1.26B
Free cash flow
$1.18B+47.97%
TTM $1.26B
Return on equity
18.55%+3.56%
TTM 20.57%
Debt / equity
0.34+0.07%
TTM 0.23
Shares outstanding
36.5M+0.27%
TTM 35.8M

The business

The Hanover Insurance Group, Inc. (NYSE: THG) operates as a property and casualty insurance company providing a comprehensive range of insurance products and services to individuals and businesses across the United States. The company maintains its corporate presence at www.hanover.com, where customers and stakeholders can access information about its offerings and operations.

The Hanover Insurance Group conducts its business through multiple reportable segments that serve distinct market needs. The company's personal lines segment provides homeowners, automobile, and other personal insurance products to individual consumers. The commercial lines segment offers property, liability, workers' compensation, and specialized coverage solutions designed for small to mid-sized businesses. Additionally, the company maintains other operations that contribute to its overall business portfolio.

As a regional property and casualty insurer, Hanover has built its competitive position through a focus on underwriting discipline, customer service, and operational efficiency. The company distributes its products through independent agents and brokers, leveraging these distribution channels to reach customers across its geographic footprint. This agency-based distribution model represents a key component of the company's business strategy and market presence.

Hanover's operations reflect the company's commitment to serving both personal and commercial insurance markets with tailored products and responsive service. The company maintains underwriting operations and customer service capabilities across multiple states, positioning itself to serve regional and national customers effectively. The organization's structure supports its ability to manage risk, maintain profitability, and respond to evolving customer needs in the competitive insurance marketplace.

The company's historical development includes its emergence as a significant regional insurer with deep roots in the property and casualty insurance industry. Through disciplined underwriting practices and strategic operational management, Hanover has established itself as a provider of reliable insurance solutions. The company continues to focus on sustainable growth, risk management, and delivering value to its policyholders, agents, and shareholders through its diversified insurance product offerings and operational expertise.

Sector
Financials
Industry
Property & Casualty Insurance
HQ
WORCESTER, MA
FY end
12-31
CIK
944695
SIC
6331
Financial performance · annual
20132025
$-676.44M$1.35B$3.38B$5.41B$7.44B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds HANOVER INSURANCE GROUP, INC. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

482
funds hold it
1 of 35
superinvestors hold it
$3.51B
fund-held value
49.3%
of shares held by funds
2
bond issues held by funds

Top fund holders

Fund% of fundValue
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.21%$256.41M
FULLERTHALER BEHAVIORAL SMALL CAP EQUITY
FTHNX · Capitol Series Trust
1.76%$222.87M
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%$213.83M
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.08%$154.66M
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.50%$135.79M

Superinvestors in HANOVER INSURANCE GROUP, INC.

Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
0.5%

Share of each manager's reported 13F portfolio.

Bonds held by funds

Funds report holding 2 issues of HANOVER INSURANCE GROUP, INC.'s debt, $159.97M at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 4.52%, maturing 20302035.

IssueCouponMaturesFundsFund-held
HANOVER INSURANC5.500%2035-09-0152$107.92M
Hanover Insurance Group Inc/The2.500%2030-09-0138$52.05M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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15 years of HANOVER INSURANCE GROUP, INC.'s financials

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