HANOVER INSURANCE GROUP, INC. financials

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THG CIK 0000944695

Source: EDGAR filings · Built 2026-06-02T04:11:09Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 1.17B 796.20M 349.80M 704.50M 815.70M 692.70M
EBITDA 928.40M 651.60M 111.90M 298.00M 449.20M 502.90M
Net Debt 95.60M 348.60M 467.10M 477.40M 550.70M 660.20M
Operating Margin 14.15% 10.42% 1.76% 5.21% 8.27% 10.05%
Net Margin 10.05% 6.83% 0.59% 2.12% 8.09% 7.43%
Return on Equity (ROE) 18.55% 14.99% 1.43% 4.97% 13.48% 11.20%
Return on Assets (ROA) 3.91% 2.79% 0.24% 0.83% 2.97% 2.67%
Debt-to-Equity 0.34× 0.28× 0.32× 0.34× 0.25× 0.24×
Effective Tax Rate 21.70% 20.92% 18.49% 18.89% 19.43% 18.62%
Cash Conversion Ratio 1.78× 1.89× 10.25× 6.23× 1.95× 1.97×
Accruals Ratio -0.03× -0.02× -0.02× -0.04× -0.03× -0.03×
SBC % of Revenue 0.54% 0.50% 0.52% 0.53% 0.44% 0.42%
CapEx Coverage 153.00× 79.06× 30.39× 40.58× 102.96× 47.49×
Free Cash Flow Per Share $32.07 $21.87 $9.69 $19.52 $22.41 $18.18

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 10.06× 13.22× 123.90× 42.10× 11.30× 12.41×
P/FCF 5.70× 7.07× 12.53× 6.92× 5.85× 6.43×
FCF Yield 17.54% 14.14% 7.98% 14.44% 17.10% 15.55%
EV / EBITDA 12.01× 14.89× 69.82× 29.04× 18.88× 15.38×
P/S 1.68× 1.50× 1.23× 1.50× 1.52× 1.47×
P/B 3.10× 3.29× 2.98× 3.50× 2.53× 2.21×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenues 6.59B 6.24B 5.99B 5.47B 5.23B 4.82B
Operating Income (Loss) 933.00M 650.10M 105.60M 285.10M 432.30M 484.70M
Income Tax Expense (Benefit) 183.10M 112.50M 7.60M 27.20M 101.30M 82.80M
Net Income (Loss) Attributable to Parent 662.50M 426.00M 35.30M 116.00M 422.80M 358.70M
Earnings Per Share, Basic $18.50 $11.85 $0.99 $3.26 $11.78 $9.52
Weighted Average Number of Shares Outstanding, Basic 35.80M 35.90M 35.70M 35.60M 35.90M 37.70M
Earnings Per Share, Diluted $18.16 $11.70 $0.98 $3.21 $11.60 $9.42
Weighted Average Number of Shares Outstanding, Diluted 36.50M 36.40M 36.10M 36.10M 36.40M 38.10M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 1.12B 435.50M 316.10M 305.00M 230.90M 120.60M
Assets 16.95B 15.27B 14.61B 14.00B 14.25B 13.44B
Long-term Debt 843.30M 722.30M 783.20M — — —
Liabilities 13.37B 12.43B 12.15B 11.66B 11.11B 10.24B
Stockholders' Equity Attributable to Parent 3.57B 2.84B 2.47B 2.33B 3.14B 3.20B

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 1.18B 806.40M 361.70M 722.30M 823.70M 707.60M
Payments to Acquire Property, Plant, and Equipment 7.70M 10.20M 11.90M 17.80M 8.00M 14.90M
Net Cash Provided by (Used in) Investing Activities -666.20M -540.90M -228.50M -507.60M -460.20M -608.80M
Payments for Repurchase of Common Stock 129.20M 26.70M 0 30.80M 162.60M 212.80M
Payments of Dividends 130.60M 124.10M 117.20M 108.90M 102.20M 99.50M
Net Cash Provided by (Used in) Financing Activities 175.20M -145.50M -122.10M -140.60M -253.20M -193.90M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (THG CIK 0000944695), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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