Hanover Insurance Group Financial Statements
NYSE: THGFinanceProperty-Casualty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Hanover Insurance Group revenue and earnings
In fiscal 2025, Hanover Insurance Group generated $6.59 billion in revenue, up 5.7% from fiscal 2024, its 5th consecutive year of revenue growth. Net income was $662.5 million (+55.5% year over year), for a net margin of 10.0% versus a median of 6.8% in the prior 5 years. Operating margin was 14.1%.
Diluted earnings per share came in at $18.16, up from $11.70. Over the last 5 fiscal years, THG's revenue has grown at a 6.4% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Hanover Insurance Group income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.59B | 6.24B | 5.99B | 5.47B | 5.23B | 4.82B | 4.89B | 4.49B | 4.27B | 4.05B |
| Revenue growth (YoY) | +5.72% | +4.07% | +9.60% | +4.61% | +8.35% | -1.35% | +8.82% | +5.30% | +5.28% | -19.47% |
| Operating Expenses | 5.75B | 5.70B | 5.95B | 5.32B | 4.71B | 4.38B | 4.37B | 4.21B | 3.98B | 3.99B |
| Operating Income | 933.00M | 650.10M | 105.60M | 285.10M | 432.30M | 484.70M | 453.60M | 406.50M | 327.30M | 192.90M |
| Interest Expense | 43.20M | 34.10M | 34.10M | 34.10M | 34.00M | 37.10M | 37.50M | 45.10M | 45.20M | 51.40M |
| Other Income (Expense) | — | -2.40M | 2.10M | -500.00K | — | -1.60M | -3.40M | — | -10.30M | 2.60M |
| Pretax Income | 843.80M | 537.80M | 41.10M | 144.00M | 521.30M | 444.80M | 522.10M | 282.50M | 292.90M | 66.00M |
| Income Tax | 183.10M | 112.50M | 7.60M | 27.20M | 101.30M | 82.80M | 93.10M | 43.50M | 76.80M | -1.00M |
| Net Income | 662.50M | 426.00M | 35.30M | 116.00M | 422.80M | 358.70M | 425.10M | 391.00M | 186.20M | 155.10M |
| Net Income growth (YoY) | +55.52% | +1106.80% | -69.57% | -72.56% | +17.87% | -15.62% | +8.72% | +109.99% | +20.05% | -53.21% |
| EPS (Basic) | 18.50 | 11.85 | 0.99 | 3.26 | 11.78 | 9.52 | 10.62 | 9.21 | 4.38 | 3.63 |
| EPS (Diluted) | 18.16 | 11.70 | 0.98 | 3.21 | 11.60 | 9.42 | 10.46 | 9.09 | 4.33 | 3.59 |
| Shares Outstanding (Basic) | 35.80M | 35.90M | 35.70M | 35.60M | 35.90M | 37.70M | 40.00M | 42.40M | 42.50M | 42.80M |
| Shares Outstanding (Diluted) | 36.50M | 36.40M | 36.10M | 36.10M | 36.40M | 38.10M | 40.60M | 43.00M | 43.00M | 43.20M |
| EBITDA | 928.40M | 651.60M | 111.90M | 298.00M | 449.20M | 502.90M | 475.20M | 431.10M | 357.40M | 223.60M |
| Operating Margin | 14.15% | 10.42% | 1.76% | 5.21% | 8.27% | 10.05% | 9.27% | 9.04% | 7.67% | 4.76% |
| Net Margin | 10.05% | 6.83% | 59.00% | 2.12% | 8.09% | 7.43% | 8.69% | 8.70% | 4.36% | 3.83% |
This table shows 10 annual periods of Hanover Insurance Group's income statement, from FY 2025 back to FY 2016, across 15 line items including revenue, operating expenses, operating income. Values in USD; B = billions, M = millions. Fiscal periods follow THG's reporting calendar. What is a income statement?