The Hanover Insurance Group, Inc.

THG

$227.12

+0.53%

2026-09-02 16:00:03 EDT+$1.20

Financial Services

Insurance - Property & Casualty

NYSE

Active Trading

The Hanover Insurance Group, Inc. (THG) is a U.S.-based insurer offering a wide array of property and casualty coverage through its various ...

Price Action of THG

$227.12

+0.53%+$1.20

High—

Low—

52W High-3.8%

Rel. vol—

Interval

Range5.9h

Volume—SMA5SMA10

—

The Hanover Insurance Group, Inc. (THG) is a prominent U.S.-based insurance holding company that traces its roots to 1852. It operates primarily through three divisions: Commercial Lines, Personal Lines, and 'Other'. The Commercial Lines division provides a broad array of business insurance solutions including multi-peril, commercial auto, workers' compensation, management ...The Hanover Insurance Group, Inc. (THG) is a prominent U.S.-based insurance holding company that traces its roots to 1852. It operates primarily through three divisions: Commercial Lines, Personal Lines, and 'Other'. The Commercial Lines division provides a broad array of business insurance solutions including multi-peril, commercial auto, workers' compensation, management and professional liability, marine, specialized industrial and commercial property, surety bonds, umbrella liability, and more. The Personal Lines division offers auto and homeowners insurance, along with personal umbrella, inland marine, fire, personal watercraft, and personal cyber protection. The 'Other' segment delivers investment management services to institutions and pension funds. The company distributes its products through a network of independent agents and brokers, a strategy that has been central to its business model. Financially, THG is publicly traded on the New York Stock Exchange, with a market capitalization of approximately $7.98 billion as of the latest data. The company has a strong financial footprint, with a current ratio of 122.5, indicating high liquidity, and a price-to-earnings ratio of about 10.8. Its return on equity is robust at 21.2%, reflecting efficient use of shareholder equity. The company has a moderate debt level with a debt-to-equity ratio of 0.23, demonstrating a conservative capital structure. Its commitment to shareholders is shown through a dividend yield of 1.6% and a payout ratio of 22%. Key leadership is led by CEO John Conner Roche, who has been in the role since October 2017. The company employs around 4,900 people across 48 offices in the U.S. As a company with a long-standing history, Hanover continues to adapt to the evolving insurance landscape, emphasizing customer service and risk management, and looking toward growth through technological innovation and expansion of its product offerings.ExpandCollapse

Founded

1852

Employees

4900

CEO

John Conner Roche

Full Name

The Hanover Insurance Group, Inc.

Sector

Financial Services

Industry

Insurance - Property & Casualty

ROE

21.22%

Market Cap

$7.91B

Current Ratio

122.53

WACC

5.57%

ROIC

9.25%

Contact Information

https://www.hanover.com

508 855 1000

440 Lincoln Street, Worcester, MA 01653

Key Metrics of THG

Snapshot

Latest / TTM · 6 periods

Market Cap

$7.91B

ROCE

5.7%

EV / EBITDA

8.57x

-9.0% YoY

FCF Yield

15.5%

-2.4% YoY

Cash Conversion Cycle

101.3d

Current Ratio

122.53

Quick take

TTM —

Positive CCC

Financial Highlights of THG

Profitability trend

Latest / TTM · 6 periods

Gross Margin

39.9%

Net Margin

11.2%

P/E Ratio

10.91x

n/a

Debt / Equity

0.23

n/a

Current Ratio

122.53

Dividend Yield

1.6%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of THG

Upcoming

Sep 11, 2026In 7 days
Ex-dividend date
$3.75 per share
Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $4.39 · Revenue $1.81B · 5 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $5.41 · Revenue $1.56B · 5 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $20.29 · Revenue $6.65B · 5 analysts

Recent history

Jul 29, 2026
Q2 FY2026 · Results reported
EPS $5.28 · Revenue $1.73B
View filing
Jun 26, 2026
Dividend payment
$3.75 per share
Apr 30, 2026
Q1 FY2026 · Results reported
EPS $5.15 · Revenue $1.70B
View filing
Feb 20, 2026
FY2025 · Annual results
EPS $18.51 · Revenue $6.60B
View filing
Oct 30, 2025
Q3 FY2025 · Results reported
EPS $4.91 · Revenue $1.66B
View filing
Jul 31, 2025
Q2 FY2025 · Results reported
EPS $4.30 · Revenue $1.65B
View filing

Financial Statements of THG

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$6.6B	+6.1%	+1.5%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$662.5M	+55.5%	+2.6%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+43.5%	+118.4%	+1.2%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+12.8%	+47.8%	+1.7%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+10.0%	+46.5%	+1.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$1.2B	+47.0%	+81.6%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+17.7%	+38.5%	+79.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	34.1%	+23.6%	-2.8%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.62x	-91.4%	+192.4%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$16.9B	+10.9%	+2.0%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	18.51 vs 18.37	+0.8%	5.28 vs 4.39	+20.3%
Revenue Surprise	$6.6B vs $6.4B	+3.0%	$1.7B vs $1.8B	-4.7%

Insider Transactions of THG

Acquisitions (A)

Since Aug 6, 2026

Disposals (D)

Since Aug 6, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 20, 2026	Kerrigan Dennis Francis	officer: Executive Vice President	Common Stock	A	2,104	$118.54
Aug 20, 2026	Kerrigan Dennis Francis	officer: Executive Vice President	Common Stock	D	400	$220.01
Aug 20, 2026	Kerrigan Dennis Francis	officer: Executive Vice President	Common Stock	D	1,704	$222.97
Aug 20, 2026	Kerrigan Dennis Francis	officer: Executive Vice President	Common Stock Option (right to buy)	D	2,104	$118.54
Aug 19, 2026	Kerrigan Dennis Francis	officer: Executive Vice President	Common Stock	A	6,551	$118.54

Earnings Call Transcript of THG

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Good day, and welcome to the Hanover Insurance Group's Second Quarter Earnings Conference Call. My name is Chris, and I will be your operator for today's call. Please note that today's event is being recorded. I would now like to turn the conference over to Oksana Lukasheva. Please go ahead. Oksana Lukasheva: Thank you, operator. Good morning, and thank you for joining us for our quarterly conference call. We will begin today's call with prepared remarks from Jack Roche, our President and Chief Executive Officer; and Jeff Farber, our Chief Financial Officer. Available to answer your questions after our prepared remarks are Dick Lavey, our Chief Operating Officer and CEO elect; and Bryan Salvatore, President of Specialty Lines. Before I turn the call over to Jack, let me note that our earnings press release financial supplement and a complete slide presentation for today's call are available in the Investors section of our website at hanover.com. After the presentation, we will answer questions in the Q&A session. Our prepared remarks and responses to your questions today, other than statements of historical fact, include forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These statements can relate to, among other things, our outlook guidance, profitability, growth, strategy, capital management, the implementation and use of new technologies the impact of recently revised policy terms and conditions and targeted property actions. Additionally, they can relate to factors that could impact the company's performance and/or cause actual results to differ materially from those anticipated, including changes in the demand for our products economic and geopolitical conditions and related effects, including economic and social inflation, tariffs as well as other risks and uncertainties such as severe weather and catastrophes. We caution you with respect to reliance on forward-looking statements, and in this respect, refer you to the forward-looking statements section in our press release, the presentation deck and our filings with the SEC. Today's discussion will also reference certain non-GAAP financial measures such as operating income and accident year loss and combined ratios, excluding catastrophes, among others. A reconciliation of these non-GAAP financial measures to the closest GAAP measure on a historical basis can be found in the press release, the slide presentation or the financial supplement, which are posted on our website. With their comments, I will turn the call over to Jack. John "Jack" C. Roche: Thank you, Oksana, and good morning, everyone. We delivered an outstanding second quarter with results that underscore the resilience of our business and the strength of our execution in a dynamic market environment. Our performance demonstrates that disciplined underwriting and targeted growth can coexist, and this combination is delivering significant returns. We continue to be …

Leadership Team of THG

11 executives

Name	Title	Compensation	Gender	Year Born	Status
John Conner Roche	President, Chief Executive Officer & Director	USD 4,482,991	Male	1964	Active
Jeffrey Mark Farber	Executive Vice President & Chief Financial Officer	USD 2,404,371	Male	1965	Active
Richard William Lavey	Executive Vice President & Chief Operating Officer	USD 2,124,330	Male	1968	Active
Bryan James Salvatore	Executive Vice President & President of Specialty	USD 1,970,029	Male	1965	Active
Dennis Francis Kerrigan Jr.	Executive VP, Chief Legal Officer & Corporate Secretary	USD 1,388,334	Male	1965	Active
Jennifer F. Luisa	Senior Vice President & Chief Marketing Officer	—	Female	—	Active
Willard Ty-Lunn Lee	Executive VP and Chief Information & Innovation Officer	—	Male	1970	Active
Toni E. Mitchell	President of Technology & Life Sciences Business	—	Female	—	Active
Oksana Lukasheva	Senior Vice President of Corporate Finance	—	Female	—	Active
Lindsay France Greenfield	Senior Vice President & Chief investment Officer	—	Female	—	Active
Patricia Ann Norton-Gatto	Senior Vice President, Corporate Controller & Principal Accounting Officer	—	Female	1968	Active

Recent News of THG

Zacks Investment Research8/28/2026Neutral

New Strong Buy Stocks for August 28th

THG, LQDT, ALNT, CCS and CRD.B have been added to the Zacks Rank #1 (Strong Buy) List on August 28th, 2026.

Zacks Investment Research8/28/2026Neutral

Best Value Stocks to Buy for August 28th

THG, SNEX and CCS made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 28th, 2026.

Zacks Investment Research8/27/2026Neutral

Hanover Insurance (THG) Down 1.7% Since Last Earnings Report: Can It Rebound?

Hanover Insurance (THG) reported earnings 30 days ago. What's next for the stock?

Zacks Investment Research8/25/2026Neutral

THG Stock Trades at 2.16x Book Value: Is the Valuation Worth It?

The Hanover's pricing discipline, strong Specialty margins and higher investment income support earnings, while AI boosts efficiency.

Defense World8/24/2026Neutral

Great Lakes Advisors LLC Makes New $613,000 Investment in The Hanover Insurance Group, Inc. $THG

Great Lakes Advisors LLC bought a new stake in shares of The Hanover Insurance Group, Inc. (NYSE: THG) during the undefined quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,861 shares of the insurance provider's stock, valued at approximately $613,000. A number of other hedge funds

Historical Employee Count of THG

Current

4,900

Change

+0.00%

Minimum

4,400

Maximum

4,900

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	4,900	10-K	Feb 20, 2026	View
Dec 31, 2024	4,900	10-K	Feb 24, 2025	View
Dec 31, 2023	4,800	10-K	Feb 22, 2024	View
Dec 31, 2022	4,600	10-K	Feb 23, 2023	View
Dec 31, 2021	4,400	10-K	Feb 25, 2022	View

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The Hanover Insurance Group, Inc.