Hanover Insurance Group, Inc. (THG)
Hanover Insurance Group, Inc. brought in $6.8B of revenue over the twelve months to September 30, 2026, up 5.0% from a year earlier. Net income was $749.5M, a net margin of 11.0%. Operating cash flow minus capital spending left $1.2B of free cash flow in fiscal 2025. At September 30, 2026 it held $506.3M in cash against $794.1M of debt. Its latest periodic report to the SEC is the quarterly report (amended) (10-Q/A) filed on November 5, 2026.
Key facts about Hanover Insurance Group, Inc.
- Net worth
- Hanover Insurance Group, Inc. has a market value (market cap) of $8.7B at the latest share price, and shareholders' equity of $3.4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $6.6B (+5.7% year on year), with net income of $662.5M. Over the 12 months to September 30, 2026: revenue $6.8B, net income $749.5M.
- Cash flow
- In fiscal 2025 operations brought in $1.2B of cash; after $7.7M of capital spending, free cash flow was $1.2B.
- Latest report
- The latest periodic report (quarterly report (amended), 10-Q/A) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Hanover Insurance Group, Inc.'s next report is expected around February 3, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Hanover Insurance Group, Inc. does
Hanover Insurance Group, Inc. is registered with the SEC under industry code SIC 6331 (Fire, Marine & Casualty Insurance). Its shares trade on NYSE under the ticker THG.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $6.6B | $662.5M | $18.16 | $1.2B |
| 2024 | $6.2B | $426M | $11.70 | $796.2M |
| 2023 | $6B | $35.3M | $0.98 | $349.8M |
| 2022 | $5.5B | $116M | $3.21 | $704.5M |
| 2021 | $5.2B | $422.8M | $11.60 | $815.7M |
| 2020 | $4.8B | $358.7M | $9.42 | $692.7M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where THG ranks in Finance
Dividends
It paid out $130.6M in cash dividends, 20% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $130.6M | 20% |
| 2024 | n/a | $124.1M | 29% |
| 2023 | n/a | $117.2M | 332% |
| 2022 | n/a | $108.9M | 94% |
| 2021 | n/a | $102.2M | 24% |
| 2020 | n/a | $99.5M | 28% |
Latest SEC filings
What Hanover Insurance Group, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Quarterly report (amended) 10-Q/A · period to September 30, 2026Revenue rose 4.2% to $1.7B versus the same quarter last year; diluted EPS $4.86 versus $4.90.
- October 29, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 4.2% to $1.7B versus the same quarter last year; diluted EPS $4.86 versus $4.90.
- October 28, 2026
- August 14, 2026Passive stake (5% or more) SCHEDULE 13G
- August 12, 2026Form 13F-NT filing 13F-NT
- July 29, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 4.3% to $1.7B versus the same quarter last year; diluted EPS $5.38 versus $4.30.
- July 28, 2026
- July 15, 2026
- May 13, 2026
- May 13, 2026Form 13F-NT filing 13F-NT
What is THG worth? A DCF from its reported cash flow
Insider trades
What the people running Hanover Insurance Group, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $4.4M worth of shares in the last 90 days and bought none on the open market. 44% of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 4, 2026 | Lee Willard TExecutive Vice President | Exercised options | 703 | $82.4K |
| November 4, 2026 | Lee Willard TExecutive Vice President | Exercised options | 2,598 | $308K |
| November 4, 2026 | Lee Willard TExecutive Vice President | Exercised options | 3,579 | $412.8K |
| November 4, 2026 | Lee Willard TExecutive Vice President | Exercised options | 3,006 | $419.4K |
| November 4, 2026 | Lee Willard TExecutive Vice President | Sold | 7,636 | $1.9M |
| November 4, 2026 | Lee Willard TExecutive Vice President | Sold | 2,310 | $576.8K |
| November 4, 2026 | Bunting Theodore H JRDirector | Gave as a gift | 450 | - |
| September 25, 2026 | Ward Elizabeth ADirector | Received as pay | 4 | - |
Who owns THG
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 5.51% | April 29, 2026 |
| T. Rowe Price Associates, Inc.13G, passive | 5.2% | August 14, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 546 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 3,532,932 | -148,234 |
| Vanguard Portfolio Management LLC | 1,919,628 | -12,832 |
| State Street Corp | 1,627,020 | -4,402 |
| Vanguard Capital Management LLC | 1,458,761 | +6,406 |
| Aqr Capital Management LLC | 1,341,075 | +327,680 |
| Fuller & Thaler Asset Management, Inc. | 1,089,705 | +99,868 |
| American Century Companies Inc | 1,078,105 | +75,578 |
| Dimensional Fund Advisors LP | 1,030,544 | +60,367 |
| First Trust Advisors LP | 824,257 | -3,063 |
| Alliancebernstein L.P. | 909,130 | +77,585 |
| Geode Capital Management, LLC | 729,091 | +924 |
| Ameriprise Financial Inc | 699,163 | +4,392 |
| Massachusetts Financial Services Co | 595,647 | -3,139 |
| Charles Schwab Investment Management Inc | 453,309 | -17,521 |
| Invesco Ltd. | 452,418 | -466 |
| Morgan Stanley | 450,920 | -11,752 |
| Norges Bank | 447,262 | new |
| Vaughan Nelson Investment Management, L.P. | 372,514 | +207,804 |
| London Co of Virginia | 360,801 | -20,867 |
| Northern Trust Corp | 342,036 | -137 |
Insiders
19 insiders reported holding 385,652 shares in total, about $95.8M at the last price.
| Holder | Shares |
|---|---|
| Roche John CPresident and CEO, Director | 141,133 |
| Farber Jeffrey MExecutive Vice President | 68,777 |
| Lavey Richard WExecutive Vice President | 34,447 |
| Ramrath Joseph RDirector | 33,837 |
| Salvatore Bryan JExecutive Vice President | 29,094 |
| Kerrigan Dennis FrancisExecutive Vice President | 12,003 |
| Egan CynthiaDirector | 10,209 |
| Bradicich KevinDirector | 10,099 |
| Condrin J PaulDirector | 6,359 |
| Lee Willard TExecutive Vice President | 6,004 |
Questions about THG
What does Hanover Insurance Group, Inc. do?
Hanover Insurance Group, Inc. is a company in the Finance sector, listed on NYSE as THG. Its shares trade on NYSE under the ticker THG.
What is Hanover Insurance Group, Inc.'s net worth?
Hanover Insurance Group, Inc. has a market value (market cap) of $8.7B at the latest share price, and shareholders' equity of $3.4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Hanover Insurance Group, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $749.5M on revenue of $6.8B, a net margin of 11.0%.
How much revenue does Hanover Insurance Group, Inc. make?
Over the twelve months to September 30, 2026 Hanover Insurance Group, Inc. reported revenue of $6.8B. That is 5.0% more than a year earlier.
When did Hanover Insurance Group, Inc. last report?
Its most recent periodic report is the quarterly report (amended) (10-Q/A) filed on November 5, 2026. It covers the period to September 30, 2026.
When is Hanover Insurance Group, Inc.'s next earnings report?
Hanover Insurance Group, Inc.'s next report is expected around February 3, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Hanover Insurance Group, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.