The Hanover Insurance Group, Inc. logo THG - The Hanover Insurance Group, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 12
HOLD 10
SELL 0
STRONG
SELL
0
| PRICE TARGET: $203.33 DETAILS
HIGH: $212.00
LOW: $195.00
MEDIAN: $203.00
CONSENSUS: $203.33
UPSIDE: 4.20%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Revenue
Revenue 6,597.5 6,216.8 5,963.5 5,432.9 5,159.6 4,818.6 4,890.7 4,466.1 4,267.9 3,965.6 5,048.3 5,067.5 4,793.7 4,590.7 3,931.6 3,152.2 2,834.1 2,680.4 2,674.1 2,642.5 2,622.2 3,102.5 2,801.8 2,888.7 2,889.2 3,162 3,240.6 3,125 3,006.4 3,285.1 3,254.8
Cost of Revenue 3,729.3 4,979.1 5,310.6 4,716.6 4,116.9 3,796.2 3,792.2 3,616.4 3,420.3 3,349.6 3,917.3 3,967.5 3,732.1 3,912.5 3,329.7 2,525.3 2,597.7 2,182.4 1,981 1,949.3 2,168.3 2,374.8 2,250.9 2,404.9 2,431.2 2,438.4 2,294 2,352.9 2,413.2 2,414.5 470.9
Gross Profit 2,868.2 1,237.7 652.9 716.3 1,042.7 1,022.4 1,098.5 849.7 847.6 616 1,131 1,100 1,061.6 678.2 601.9 626.9 236.4 498 693.1 693.2 453.9 727.7 550.9 483.8 458 723.6 946.6 772.1 593.2 870.6 2,783.9
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Expenses 2,024.4 699.9 611.8 572.3 521.4 577.6 576.4 567.2 554.7 550 691.6 722 732.5 649.5 580.3 415.8 (34.5) 333.6 351.6 413.8 382.6 541 490.7 353.8 0 505 0 472 (2,004.7) (1,957) 0
Operating Expenses 2,024.4 699.9 611.8 572.3 521.4 577.6 576.4 567.2 554.7 550 691.6 722 732.5 649.5 580.3 415.8 (34.5) 333.6 351.6 413.8 382.6 541 490.7 353.8 0 505 0 472 (2,004.7) (1,957) 0
Operating Income
Operating Income 843.8 537.8 41.1 144 521.3 444.8 522.1 282.5 292.9 66 439.4 378 329.1 28.7 21.6 211.1 270.9 164.4 341.5 279.4 71.3 186.7 60.2 130 458 218.6 946.6 300.1 2,597.9 2,827.6 2,783.9
Interest Expense 43.2 34.1 34.1 34.1 34 37.1 37.5 45.1 45.2 51.4 60.6 65.8 65.3 61.9 55 44.3 0 0 40.6 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 887 573.4 81.5 191 572.2 500.1 581.2 352.2 368.2 148.1 530.2 477.3 429.4 126.2 103.3 272.1 282.7 179.5 407.9 300.8 102.9 224.9 96 150.6 481 241.4 980.8 322 2,629.5 2,872.3 2,841.6
EBIT 887 571.9 75.2 178.1 555.3 481.9 559.6 327.6 338.1 117.4 500 443.8 394.4 90.6 76.6 255.4 270.9 164.4 389 279.4 71.3 186.7 60.2 130 458 218.6 946.6 300.1 2,597.9 2,827.6 2,783.9
Income Before Tax 843.8 537.8 41.1 144 521.3 444.8 522.1 282.5 292.9 66 439.4 378 329.1 28.7 21.6 211.1 270.9 164.4 341.5 279.4 71.3 186.7 60.2 130 44.7 218.6 452 300.1 277.3 257.1 228.7
Income Tax Expense 183.1 112.5 7.6 27.2 101.3 82.8 93.1 43.5 76.8 (1) 108.6 95.7 83.4 (17.4) (9.9) 57.9 83.1 79.9 113.2 87.7 (5.2) 4.2 3.9 (234.8) 88.2 2.7 106.9 56.1 84.7 75.2 82.7
Net Income 662.5 426 35.3 116 422.8 358.7 425.1 391 186.2 155.1 331.5 282 251 55.9 36.7 154.8 197.2 20.6 253.1 170.3 (325.2) 125.3 86.9 (306.1) (3.1) 199.9 295.8 201.2 209.2 181.9 133.9
Per Share Data
EPS (Basic) 18.51 11.85 0.98 3.21 11.79 9.51 11.07 9.24 4.38 3.63 7.71 6.42 5.74 1.26 0.83 3.39 3.90 0.40 4.90 3.31 -6.08 2.36 1.64 -5.79 -0.06 3.79 5.46 3.43 3.83 3.63 2.61
EPS (Diluted) 18.51 11.70 0.98 3.21 11.49 9.42 10.46 9.09 4.33 3.59 7.40 6.28 5.59 1.23 0.81 3.39 3.86 0.40 4.83 3.27 -6.08 2.34 1.64 -5.79 -0.06 3.70 5.33 3.43 3.82 3.63 2.61
Shares Outstanding 35.8 35.9 35.7 35.9 35.9 37.7 40 42.3 42.5 42.8 43 44.8 43.7 44.3 44.6 45.6 50.6 51.3 51.7 51.5 53.5 53.2 52.9 52.9 52.6 53.5 55.3 60 54.6 50.1 51.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Current Assets
Cash & Cash Equivalents 1,122.7 435.5 316.1 305 230.9 120.6 215.7 1,020.7 376.4 282.6 316.5 397.7 486.5 380.5 389.8 350.2 279.2 442.2 550.3 215.1 178.5 0
Short-Term Investments 1,873.8 1,587.6 7,985.3 7,481.8 7,723.9 7,454.4 6,687.1 6,161.5 5,749.3 7,331.3 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 3,952.5 3,865.1 3,819.9 3,620.4 3,426.6 3,213.6 3,074.4 2,825.3 2,721.2 4,049.9 590.8 578.5 2,511.8 2,592.1 2,640.5 2,055.2 618.1 583.5 529.4 554.4 533 526.7
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 0 0 0 (10,788.6) (9,977.2) (10,007.5) (8,768.4) (11,663.8) (907.3) (976.2) (2,998.3) (2,972.6) (3,030.3) (2,405.4) (897.3) (1,025.7) (1,079.7) (769.5) (711.5) (526.7)
Total Current Assets 6,949 5,888.2 12,121.3 11,407.2 11,381.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Non-Current Assets
Property, Plant & Equipment 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Goodwill 178.8 178.8 178.8 178.8 178.8 178.8 178.8 178.8 192.6 184.8 171.4 169.9 128.2 128.2 131.2 0 0 0 0 0 0 0
Intangible Assets 703 662.8 620.8 604.8 552 0 0 0 0 0 0 169.9 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 8,508.9 7,822.2 927.8 1,028 1,428.7 8,052.9 7,262.8 6,625.9 6,325.5 7,915.7 4,684.8 4,217.1 7,839.2 7,661.8 8,055.9 9,463.8 7,806 7,017 8,177.9 7,792.7 7,961.4 0
Other Non-Current Assets 522.9 548.3 590.6 577.1 713.4 (8,231.7) (7,441.6) (6,804.7) (6,504.3) (8,100.5) (4,856.2) (4,387) (7,967.4) (7,790) (8,187.1) (9,463.8) (7,806) (7,017) (8,177.9) (7,792.7) (7,961.4) 0
Total Non-Current Assets 9,996.9 9,386.3 2,491.3 2,587.9 2,872.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Assets 16,945.9 15,274.5 14,612.6 13,995.1 14,254.3 13,443.7 12,490.5 12,399.7 15,469.6 14,220.4 8,042.7 9,230.2 23,719.2 25,510.1 26,627 30,336.1 31,588 30,769.6 27,653.1 22,549 18,970.3 17,757.7
Current Liabilities
Account Payables 45.2 37.7 64.3 70.3 55.1 48.4 53.4 37.3 51.5 251.9 58.5 61.3 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 0 61.8 0 0 0 0 0 0 0 0 0 0 0 0 0 83.3 56.6 45 221.3 33 38.4 31.2
Deferred Revenue 3,440.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 7,755.2 (37.7) 5,252 (70.3) (907.7) (735.9) (681.1) 0 0 (251.9) (58.5) 3,252.3 (86.5) 0 (1,674.6) (1,142.7) (946.7) (913.5) (987.6) (741.4) (692.1) (31.2)
Total Current Liabilities 11,240.8 819.6 6,092.2 731.7 55.1 0 0 37.3 344.8 728 603.2 3,935.9 1,152.8 959.2 0 0 0 0 0 0 0 0
Non-Current Liabilities
Long-Term Debt 1,218.3 722.3 783.2 782.4 781.6 780.8 653.4 777.9 786.9 786.4 433.9 531.4 508.8 499.5 199.5 199.5 199.5 199.5 199.5 202.1 202.2 202.3
Deferred Tax Liabilities 0 0 0 0 0 97.3 51.8 0 0 0 0 0 0 0 0 0 0 0 0 12.9 0 0
Other Non-Current Liabilities 915.3 10,890.8 11,363.8 10,157.5 10,327.8 (878.1) (705.2) 8,667.1 11,685 9,848.5 4,647 2,875.7 19,718.1 21,570.1 (199.5) (199.5) (142.9) (199.5) (199.5) (215) (202.2) (202.3)
Total Non-Current Liabilities 2,133.6 11,613.1 12,147 10,939.9 11,109.4 0 0 9,445 12,471.9 10,634.9 5,080.9 3,407.1 20,226.9 22,069.6 0 199.5 199.5 199.5 199.5 215 202.2 0
Total Liabilities 13,374.4 12,432.7 12,147 11,661.4 11,109.4 10,241.5 9,574.3 9,445 12,471.9 11,362.9 5,684.1 7,343 21,379.7 23,289.9 24,254.8 27,645 28,878.9 28,245.4 24,894.5 19,714.8 16,461.6 15,425
Stockholders' Equity
Common Stock 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.5 0
Retained Earnings 3,741.6 3,209.6 2,909.4 2,992.9 2,983.2 2,668 2,410.9 2,182.3 1,975 1,875.6 1,141.1 949.8 943.4 833.1 746.2 1,052.3 1,068.7 882.2 599.9 407.8 210.1 38.2
Accumulated Other Comprehensive Income (171.4) (456.3) (517.2) (701.5) 122.2 372.5 152.6 (116.5) 107.6 62.8 28.8 (384.8) 3 16.1 (37.4) (13.7) (5.2) (75.3) 180.5 217.9 131.6 0
Total Stockholders' Equity 3,571.5 2,841.8 2,465.6 2,333.7 3,144.9 3,202.2 2,916.2 2,954.7 2,997.7 2,857.5 2,358.6 1,887.2 2,339.5 2,220.2 2,072.2 2,391.1 2,409.1 2,240.2 2,458.6 2,381.3 1,724.7 1,574.2
Total Liabilities & Equity 16,945.9 15,274.5 14,612.6 13,995.1 14,254.3 13,443.7 12,490.5 12,399.7 15,469.6 14,220.4 8,042.7 9,230.2 23,719.2 25,112.5 26,627 30,336.1 31,588 30,769.6 27,653.1 22,549 18,970.3 17,757.7
Debt Metrics
Total Debt 1,218.3 784.1 783.2 782.4 781.6 780.8 653.4 777.9 786.9 786.4 433.9 531.4 508.8 499.5 199.5 282.8 256.1 244.5 420.8 235.1 240.6 233.5
Net Debt 95.6 348.6 467.1 477.4 550.7 660.2 437.7 (242.8) 410.5 503.8 117.4 114.5 22.3 119 (190.3) (67.4) (23.1) (197.7) (129.5) 20 62.1 233.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Operating Activities
Net Income 662.5 426 35.3 116 420 358.7 425.1 391 186.2 155.1 (325.2) 125.3 86.9 (274.8) (3.1) 199.9 345.1 201.2 192.6 181.9 146
Depreciation & Amortization (4.6) 1.5 6.3 12.9 16.9 18.2 21.6 24.6 30.1 30.7 31.6 38.2 35.8 20.6 23 22.8 34.2 21.9 31.6 44.7 0
Stock-Based Compensation 0 31 31.1 29 22.9 20.1 17.4 13.4 12.3 12 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 417.4 220.9 272.1 561.3 620 351.2 237.4 248.3 473.6 462.9 (131.7) (292.6) (936.2) (3.8) 1,057.5 (169) (414) (80.4) (413) (211.8) 42.8
Other Non-Cash Items 102.8 145.8 41.5 49.6 (281.1) (17.6) (111.1) (102.6) (37.4) 95.9 580.2 269 641.2 529.9 (416.7) 103.8 31.1 (88.4) 1.7 156.9 (23.1)
Operating Cash Flow 1,178.1 806.4 361.7 722.3 823.7 707.6 602.9 551.3 704.6 743.4 153.1 142.4 (174.3) 43.8 597.6 159 15.2 37.9 (173.2) 156 128.7
Investing Activities
Capital Expenditure (7.7) (10.2) (11.9) (17.8) (8) (14.9) (13.3) (13.1) (18.6) (15.7) (8.3) (7.8) (5.4) (13.1) (32.1) (13.7) (30.1) (0.7) (15.3) (12.8) (14.1)
Acquisitions 0 0 0 0 0 0 34.7 635.7 0 0 121.3 0 0 0 0 0 0 (208.9) (425.6) 0 0
Purchases of Investments (78.4) (3,312.7) (1,130.6) (2,084.5) (2,302.9) (2,084.2) (1,920.5) (1,603.9) (1,868.4) (2,372.1) (2,089.8) (2,116.3) (2,497.1) (3,454.4) (4,740.1) (3,864.1) (2,606.2) (3,174.4) (2,969.6) (4,090.3) (3,552.1)
Sales/Maturities of Investments 101.4 2,782 914 1,594.7 1,850.7 1,490.3 1,587.2 1,252.6 1,390.2 1,873.4 2,788.3 2,165.2 3,038.4 5,310.3 4,030.3 30.4 3,452.2 2,590.6 3,325 4,346.5 3,170.2
Other Investing Activities (681.5) (0.6) 0 0 0 0 0 0 (9.5) 12.1 94.2 25.4 (181.6) (374.2) (237.9) 2,962.2 (21) 176.3 206 181.2 267.9
Investing Cash Flow (666.2) (541.5) (228.5) (507.6) (460.2) (608.8) (311.9) 271.3 (506.3) (495.4) 811.5 41.3 354.3 1,468.6 (979.8) (885.2) 794.9 (617.1) 120.5 424.6 (128.1)
Financing Activities
Net Debt Issuance 433.2 0 0 0 0 120.6 (151.1) (11.6) 0 (104.7) (91.6) 0 0 (83.3) 26.7 11.6 (176.3) 188.3 (5.4) 7.2 (1.6)
Stock Repurchased (129.2) (26.7) 0 (30.8) (162.6) (212.8) (563.6) (57.7) (37.2) (105.6) 0 0 0 0 0 (80.8) (244) (82.7) 0 (42) (20.9)
Dividends Paid (130.6) (124.1) (117.2) (108.9) (102.2) (99.5) (386.2) (94.3) (86.8) (80.4) (13.4) 0 0 0 (13.3) (13.4) (13.5) (9.9) (13.7) (13.9) (4.1)
Other Financing Activities (13.6) 5.3 (4.9) (0.9) 11.6 (2.2) 1.6 (7.4) 12.3 (10.1) (653.2) (479.6) (189.6) (1,390.6) 432.6 645.2 (472.3) 791.6 (190.7) (636.4) (472.2)
Financing Cash Flow 175.2 (145.5) (122.1) (140.6) (253.2) (193.9) (1,099.3) (171) (111.7) (300.8) (749.6) (475.3) (189.3) (1,472.8) 451.3 563.2 (905) 898.7 89.3 (685.1) (250.8)
Cash Position
Net Change in Cash 687.2 119.4 11.1 74.1 110.3 (95.1) (805) 722.8 150.6 (56.2) 215 (291.6) (9.3) 39.6 69.1 (163) (108.1) 335.2 36.6 (111) (250.8)
Cash at Beginning 435.5 316.1 305 230.9 120.6 215.7 1,020.7 297.9 147.3 338.8 486.5 778.1 389.8 350.2 281.1 442.2 550.3 215.1 178.5 289.5 539.7
Cash at End 1,122.7 435.5 316.1 305 230.9 120.6 215.7 1,020.7 297.9 282.6 701.5 486.5 380.5 389.8 350.2 279.2 442.2 550.3 215.1 178.5 288.9
Free Cash Flow 1,170.4 796.2 349.8 704.5 815.7 692.7 589.6 538.2 686 721.9 144.8 134.6 (179.7) 30.7 565.5 145.3 (14.9) 37.2 (188.5) 143.2 114.6
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Income Statement
Revenue 6,597.5 6,216.8 5,963.5 5,432.9 5,159.6 4,818.6 4,890.7 4,466.1 4,267.9 3,965.6 5,048.3 5,067.5 4,793.7 4,590.7 3,931.6 3,152.2 2,834.1 2,680.4 2,674.1 2,642.5 2,622.2 3,102.5 2,801.8 2,888.7 2,889.2 3,162 3,240.6 3,125 3,006.4 3,285.1 3,254.8
Gross Profit 2,868.2 1,237.7 652.9 716.3 1,042.7 1,022.4 1,098.5 849.7 847.6 616 1,131 1,100 1,061.6 678.2 601.9 626.9 236.4 498 693.1 693.2 453.9 727.7 550.9 483.8 458 723.6 946.6 772.1 593.2 870.6 2,783.9
Operating Income 843.8 537.8 41.1 144 521.3 444.8 522.1 282.5 292.9 66 439.4 378 329.1 28.7 21.6 211.1 270.9 164.4 341.5 279.4 71.3 186.7 60.2 130 458 218.6 946.6 300.1 2,597.9 2,827.6 2,783.9
Net Income 662.5 426 35.3 116 422.8 358.7 425.1 391 186.2 155.1 331.5 282 251 55.9 36.7 154.8 197.2 20.6 253.1 170.3 (325.2) 125.3 86.9 (306.1) (3.1) 199.9 295.8 201.2 209.2 181.9 133.9
EPS (Diluted) 18.51 11.70 0.98 3.21 11.49 9.42 10.46 9.09 4.33 3.59 7.40 6.28 5.59 1.23 0.81 3.39 3.86 0.40 4.83 3.27 -6.08 2.34 1.64 -5.79 -0.06 3.70 5.33 3.43 3.82 3.63 2.61
Balance Sheet
Cash & Equivalents 1,122.7 435.5 316.1 305 230.9 120.6 215.7 1,020.7 376.4 282.6 316.5 397.7 486.5 380.5 389.8 350.2 279.2 442.2 550.3 215.1 178.5 0
Total Assets 16,945.9 15,274.5 14,612.6 13,995.1 14,254.3 13,443.7 12,490.5 12,399.7 15,469.6 14,220.4 8,042.7 9,230.2 23,719.2 25,510.1 26,627 30,336.1 31,588 30,769.6 27,653.1 22,549 18,970.3 17,757.7
Total Debt 1,218.3 784.1 783.2 782.4 781.6 780.8 653.4 777.9 786.9 786.4 433.9 531.4 508.8 499.5 199.5 282.8 256.1 244.5 420.8 235.1 240.6 233.5
Stockholders' Equity 3,571.5 2,841.8 2,465.6 2,333.7 3,144.9 3,202.2 2,916.2 2,954.7 2,997.7 2,857.5 2,358.6 1,887.2 2,339.5 2,220.2 2,072.2 2,391.1 2,409.1 2,240.2 2,458.6 2,381.3 1,724.7 1,574.2
Cash Flow
Operating Cash Flow 1,178.1 806.4 361.7 722.3 823.7 707.6 602.9 551.3 704.6 743.4 153.1 142.4 (174.3) 43.8 597.6 159 15.2 37.9 (173.2) 156 128.7
Capital Expenditure (7.7) (10.2) (11.9) (17.8) (8) (14.9) (13.3) (13.1) (18.6) (15.7) (8.3) (7.8) (5.4) (13.1) (32.1) (13.7) (30.1) (0.7) (15.3) (12.8) (14.1)
Free Cash Flow 1,170.4 796.2 349.8 704.5 815.7 692.7 589.6 538.2 686 721.9 144.8 134.6 (179.7) 30.7 565.5 145.3 (14.9) 37.2 (188.5) 143.2 114.6