10x Insights
Loading account…
Companies / Financials / The Hanover Insurance Group, Inc.
THG

The Hanover Insurance Group, Inc.

FinancialsProperty & Casualty Insurance
Ticker THGWORCESTER, MAFiscal year ends DecemberBook value per share $102.58Diluted shares 35.8M

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… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$6.59BFY2025
+5.7% year over year
Last 12 mo $6.76B
14.15%FY2025
+3.7 percentage points
Last 12 mo 15.36%
$662.50MFY2025
+55.5% year over year
Last 12 mo $755.60M
18.55%FY2025
+3.6 percentage points
Last 12 mo 20.57%
Cash & financing
$1.18BFY2025
+46.1% year over year
Last 12 mo $1.26B
$1.17BFY2025
+47.0% year over year
Last 12 mo $1.25B
0.34FY2025
Was 0.28× a year earlier
Last 12 mo 0.23
36.5MFY2025
+0.3% year over year
Last 12 mo 35.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What The Hanover Insurance Group, Inc. does

In the company’s own words

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.

Company details
Sector
Financials
Industry (SIC)
Property & Casualty Insurance
Headquarters
WORCESTER, MA
Fiscal year end
December
CIK
944695
SIC
6331

Financial performance, year by year

Fiscal 2013–2025 · USD
$-676.44M$1.35B$3.38B$5.41B$7.44B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns The Hanover Insurance Group, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

482
funds hold it
1 of 35
superinvestors hold it
$3.51B
held by funds, at market
49.3%
of shares held by funds
2
bond issues held by funds

Superinvestors in The Hanover Insurance Group, Inc. · what they did last quarter

Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
0.5%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · The Hanover Insurance Group, Inc.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.21%of fund net assets
FULLERTHALER BEHAVIORAL SMALL CAP EQUITY
FTHNX · Capitol Series Trust
1.76%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.08%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.50%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

The Hanover Insurance Group, Inc.’s bonds, as funds hold them

Funds report holding 2 issues of The Hanover Insurance Group, Inc.’s debt, $159.97M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.52%, maturing 2030 to 2035.

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.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do The Hanover Insurance Group, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of The Hanover Insurance Group, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in The Hanover Insurance Group, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.