Hanover Insurance Group Financial Ratios
NYSE: THGFinanceProperty-Casualty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Hanover Insurance Group ratio analysis
Hanover Insurance Group earned a net margin of 10.0% in FY 2025, up from 6.8% a year earlier. Return on equity reached 18.5%, meaning Hanover Insurance Group generated 0.19 dollars of profit for every dollar of shareholders' equity. Debt-to-equity stood at 0.34 versus 0.28 the year before.
At the end of FY 2025, THG traded at 9.9 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 9.9 to 123.9, with a median of 13.1. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Hanover Insurance Group financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 9.86 | 13.09 | 123.90 | 42.10 | 11.30 | 12.41 | 13.05 | 12.70 | 24.96 | 25.35 |
| Price / sales | 0.97 | 0.88 | 0.72 | 0.88 | 0.90 | 0.91 | 1.12 | 1.09 | 1.08 | 0.96 |
| Price / book | 1.79 | 1.94 | 1.76 | 2.06 | 1.50 | 1.38 | 1.87 | 1.66 | 1.53 | 1.36 |
| Operating margin | 14.1% | 10.4% | 1.8% | 5.2% | 8.3% | 10.0% | 9.3% | 9.0% | 7.7% | 4.8% |
| Net margin | 10.0% | 6.8% | 0.6% | 2.1% | 8.1% | 7.4% | 8.7% | 8.7% | 4.4% | 3.8% |
| Free cash flow margin | 17.7% | 12.8% | 5.8% | 12.9% | 15.6% | 14.4% | 12.1% | 12.0% | 16.1% | 18.0% |
| Return on equity (ROE) | 18.5% | 15.0% | 1.4% | 5.0% | 13.5% | 11.2% | 14.6% | 13.2% | 6.2% | 5.4% |
| Return on assets (ROA) | 3.9% | 2.8% | 0.2% | 0.8% | 3.0% | 2.7% | 3.4% | 3.2% | 1.2% | 1.1% |
| Debt / equity | 0.34 | 0.28 | 0.32 | — | — | — | 0.22 | 0.26 | 0.26 | 0.28 |
| Revenue growth | 5.7% | 4.1% | 9.6% | 4.6% | 8.4% | -1.3% | 8.8% | 5.3% | 5.3% | -19.5% |
| EPS growth | 55.2% | 1,093.9% | -69.5% | -72.3% | 23.1% | -9.9% | 15.1% | 109.9% | 20.6% | -51.5% |