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THGThe Hanover Insurance Group, Inc.
$218.46$7.7B
Overview & Verdict
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THG logoThe Hanover Insurance Group, Inc.(THG)Earnings, Financials & Key Ratios

THG•NYSE•Insurance & Managed Care
$218.46
11.8× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryProperty & Casualty InsuranceSub-IndustryCommercial lines and surety insurers
AboutThe Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers' compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages. The Personal Lines segment provides personal automobile and homeowner's coverages, as well as other personal coverages, such as personal umbrella, inland marine, fire, personal watercraft, personal cyber, and other miscellaneous coverages. The Other segment markets investment management services to institutions, pension funds, and other organizations. The Hanover Insurance Group, Inc. markets its products and services through independent agents and brokers. The company was formerly known as Allmerica Financial Corp. and changed its name to The Hanover Insurance Group, Inc. in December 2005. The Hanover Insurance Group, Inc. was founded in 1852 and is headquartered in Worcester, Massachusetts.Show more
  • Revenue$6.6B+6.1%
  • Combined Ratio87.21%-4.5%
  • Net Income$663M+55.5%
  • Return on Equity20.66%+28.7%
  • Medical Cost Ratio56.53%-29.4%
  • Operating Margin12.79%+47.8%
  • Net Margin10.04%+46.5%
  • ROA4.11%+44.3%
  • Equity / Assets21.08%+13.3%

THG Price & Volume

The Hanover Insurance Group, Inc. (THG) stock price & volume — 10-year historical chart

Loading chart...

Underwriting Discipline Drives Margin Recovery and Growth

Investment Thesis • Updated 2026Q1

VerdictPositive: The company's successful margin expansion
Growth:Expanding
Profitability:Strong
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Catastrophe-driven underwriting volatility

Key Thesis Takeaways

  • The Hanover Insurance Group is demonstrating a clear recovery from 2024 catastrophe-driven volatility, evidenced by a significant improvement in the combined ratio to 86.1% in 2026Q1.
  • While the company successfully leverages its independent agency model to achieve 6.6% year-over-year revenue growth, investors should monitor the potential for social inflation to impact long-tail liability reserves.
  • The firm's conservative capital structure, with $3.6 billion in equity, provides a stable foundation for navigating ongoing underwriting risks.

Verdict Logic

evidenced by the 86.1% combined ratio in 2026Q1, combined with a low forward P/E of 11.47, suggests an attractive valuation for investors despite historical catastrophe-driven volatility.

THG Growth Metrics

The Hanover Insurance Group, Inc. (THG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years2.71%
5 Years6.49%
3 Years6.69%
TTM6.57%

Profit CAGR

10 Years7.17%
5 Years13.06%
3 Years78.75%
TTM64.37%

EPS CAGR

10 Years9.6%
5 Years14.46%
3 Years79.32%
TTM65.11%

Return on Capital

10 Years3.05%
5 Years3.65%
3 Years4.48%
Last Year8.37%

THG Recent Earnings

The Hanover Insurance Group, Inc. (THG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 29, 2026
Metric
Actual
Est
EPS
$5.25+26.8%
$4.14
Rev
$1.6B-1.4%
$1.6B
Q1 2026
Feb 3, 2026
Metric
Actual
Est
EPS
$5.79+15.1%
$5.03
Rev
$1.5B-2.0%
$1.5B
Q4 2025
Oct 29, 2025
Metric
Actual
Est
EPS
$5.09+34.3%
$3.79
Rev
$1.7B+9.0%
$1.5B
Q3 2025
Jul 30, 2025
Metric
Actual
Est
EPS
$4.35+41.7%
$3.07
Rev
$1.7B-6.4%
$1.8B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 29, 2026
$5.25vs $4.14+26.8%
$1.6Bvs $1.6B-1.4%
Q1 2026Feb 3, 2026
$5.79vs $5.03+15.1%
$1.5Bvs $1.5B-2.0%
Q4 2025Oct 29, 2025
$5.09vs $3.79+34.3%
$1.7Bvs $1.5B+9.0%
Q3 2025Jul 30, 2025
$4.35vs $3.07+41.7%
$1.7Bvs $1.8B-6.4%
Based on last 12 quarters of dataView full earnings history →

Latest THG News

Recent stock market news and headlines for The Hanover Insurance Group, Inc. (THG)

Zacks Investment Research·2 days ago
THG Outperforms Industry, Trades Near 52-Week High: Time to Exit?

The Hanover's pricing discipline, specialty insurance strength and higher investment income support growth, while disciplined capital deployment enhances shareholder value.

Zacks Investment Research·5 days ago
The Hanover Insurance Group, Inc. (THG) Soars to 52-Week High, Time to Cash Out?

Hanover Insurance (THG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Zacks Investment Research·6 days ago
5 P&C Insurers to Buy as Industry Sees Digitalization, Exposure Growth

Zacks Property and Casualty Insurance players like THG, ESNT, MCY, SIGI and SKWD are likely to benefit from digitalization and catastrophes that drive policy renewal rate and pricing.

PRNewsWire·Jul 1, 2026
The Hanover Recognized as a Best Place to Work by U.S. News & World Report

WORCESTER, Mass., July 1, 2026 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG), a leading provider of property and casualty insurance for individuals, families and businesses, announced today it has been named to U.S. News & World Report's list of 2026-2027 Best Companies to Work For.

PRNewsWire·Jun 25, 2026
The Hanover Insurance Group, Inc. to Issue Second Quarter Financial Results on July 28

WORCESTER, Mass., June 25, 2026 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) expects to issue its second quarter financial results after the market closes on Tuesday, July 28, 2026.

Peers Comparison

Key metrics vs top competitors for The Hanover Insurance Group, Inc. (THG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
THG logoTHGThe Hanover Insurance Group, Inc.Current
$218.46$7.69B11.806.12%10.04%20.66%1.67%
CNA logoCNACNA Financial Corporation
$51.80$14.01B11.045.1%8.95%11.94%—
HIG logoHIGThe Hartford Financial Services Group, Inc.
$139.64$38.4B10.487.1%14.13%22.01%—
WRB logoWRBW. R. Berkley Corporation
$71.54$26.63B16.087.82%12.64%19.47%—
CINF logoCINFCincinnati Financial Corporation
$189.06$29.43B12.4611.41%21.34%17.98%—
ERIE logoERIEErie Indemnity Company
$256.37$11.84B24.147.17%13.2%25.03%—

Compare THG vs Peers

The Hanover Insurance Group, Inc. (THG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CNA

Most directly comparable listed peer for THG.

Scale Benchmark

vs CB

Larger-name benchmark to compare THG against a more recognizable public peer.

Peer Set

Compare Top 5

vs CNA, HIG, WRB, CINF

THG SEC Filings & Documents

The Hanover Insurance Group, Inc. (THG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 29, 2026·SEC

Material company update

Feb 4, 2026·SEC

Material company update

Dec 16, 2025·SEC

10-K Annual Reports

2
FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 24, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 30, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 31, 2025·SEC

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THG Frequently Asked Questions

The Hanover Insurance Group, Inc. (THG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is The Hanover Insurance Group, Inc. growing?

The Hanover Insurance Group, Inc. (THG) grew revenue by 6.1% over the past year. This is steady growth.

Is THG profitable?

Yes, The Hanover Insurance Group, Inc. (THG) is profitable, generating $721.1M in net income for fiscal year 2025 (10.0% net margin).

Dividend & Returns
Does THG pay dividends?

Yes, The Hanover Insurance Group, Inc. (THG) pays a dividend with a yield of 1.67%. This makes it attractive for income-focused investors.

What is THG's return on equity?

The Hanover Insurance Group, Inc. (THG) has a return on equity (ROE) of 20.7%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics
What is The Hanover Insurance Group, Inc.'s combined ratio?

The Hanover Insurance Group, Inc. (THG) has a combined ratio of 87.2%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in THG back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →