American Financial Group (AFG) vs Hanover Insurance Group (THG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Hanover Insurance Group (THG) has outperformed American Financial Group (AFG) over the past year, gaining 17.9% versus a loss of 5.3%. Over five years, THG leads with a +62.0% price change compared with +4.5% for AFG. American Financial Group is the larger company by market cap ($11.77 billion vs $7.73 billion), about 1.5 times the size, while Hanover Insurance Group is growing revenue faster (+5.7% vs -1.8%).
On valuation, Hanover Insurance Group trades at a lower forward P/E (11.3x vs 11.7x for American Financial Group). American Financial Group offers the higher dividend yield (2.48% vs 1.69%). American Financial Group converts more of its revenue into profit, with a net margin of 10.3% versus 10.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AFG | THG |
|---|---|---|
| Share price | $141.98 | $221.93 |
| Market cap | $11.77B | $7.73B |
| 1-day change | +2.13% | +1.99% |
| YTD return | +1.71% | +19.06% |
| 1-year return | -5.33% | +17.95% |
| 5-year return | +4.51% | +61.98% |
| P/E ratio (TTM) | 12.41 | 10.62 |
| Forward P/E | 11.74 | 11.32 |
| EPS (TTM) | $11.44 | $20.89 |
| Dividend yield | 2.48% | 1.69% |
| Annual dividend | $3.52 | $3.75 |
| Revenue (latest FY) | $8.17B | $6.59B |
| Revenue growth (YoY) | -1.80% | +5.72% |
| Net income (latest FY) | $842.00M | $662.50M |
| Operating margin | 13.13% | 14.15% |
| Net margin | 10.30% | 10.05% |
| 52-week high | $148.71 | $236.07 |
| 52-week low | $123.09 | $166.54 |
| Distance from 52-week high | -4.53% | -5.99% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +9.75% | +6.79% |
| Average volume | 382.93K | 309.74K |
| Shares outstanding | 82.92M | 34.82M |
| Employees | 8,500 | 4,900 |
| Sector | Finance | Finance |
| Industry | Property-Casualty Insurers | Property-Casualty Insurers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- THG has outperformed AFG by 23.3 percentage points over the past year.
- Hanover Insurance Group grew revenue faster in its latest fiscal year (+5.72% vs -1.80%).
About American Financial Group
AFG stock →American Financial Group, Inc., an insurance holding company, provides property and casualty insurance products in the United States. It operates through Property and Casualty Insurance and Other segments.
Finance · Property-Casualty Insurers · 8,500 employees
About Hanover Insurance Group
THG stock →The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services for individuals and businesses in the United States. It operates in four segments: Core Commercial, Specialty, Personal Lines, and Other.
Finance · Property-Casualty Insurers · 4,900 employees
AFG vs THG FAQ
Which is bigger, American Financial Group or Hanover Insurance Group?
American Financial Group (AFG) is larger, with a market capitalization of $11.77B compared with $7.73B for Hanover Insurance Group (THG).
Which stock has performed better over the past year, AFG or THG?
THG returned +17.95% over the past 12 months, compared with -5.33% for AFG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AFG or THG?
THG has the lower trailing P/E at 10.6, versus 12.4 for AFG. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, American Financial Group or Hanover Insurance Group?
American Financial Group has the higher yield at 2.48%, compared with 1.69% for Hanover Insurance Group.
Are American Financial Group and Hanover Insurance Group in the same industry?
Yes. Both are classified in the Property-Casualty Insurers industry within the Finance sector.