The Hanover Insurance Group, Inc. (THG) — Financial statements
Income statement, balance sheet, and cash flow for The Hanover Insurance Group, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 6,598↑6.1% | 6,217↑4.2% | 5,964↑9.8% | 5,433↑5.3% | 5,160 | |
| Cost of Revenue | 3,729↓25.1% | 4,979↓6.2% | 5,311↑12.6% | 4,717↑14.6% | 4,117 | |
| Gross Profit | 2,868↑131.7% | 1,238↑89.6% | 653↓8.9% | 716↓31.3% | 1,043 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 2,024↑189.2% | 700↑14.4% | 612↑6.9% | 572↑9.8% | 521 | |
| Operating Expenses | 2,024↑189.2% | 700↑14.4% | 612↑6.9% | 572↑9.8% | 521 | |
| Total Costs & Expenses | 5,754↑1.3% | 5,679↓4.1% | 5,922↑12.0% | 5,289↑14.0% | 4,638 | |
| Operating Results | ||||||
| Operating Income | 844↑56.9% | 538↑1208.5% | 41↓71.5% | 144↓72.4% | 521 | |
| Depreciation & Amortization | 0.00↓100.0% | 2↓76.2% | 6↓51.2% | 13↓23.7% | 17 | |
| EBITDA | 887↑54.7% | 573↑603.6% | 82↓57.3% | 191↓66.6% | 572 | |
| EBIT | 887↑55.1% | 572↑660.5% | 75↓57.8% | 178↓67.9% | 555 | |
| Interest & Other Income | ||||||
| Net Interest Income | -43↓26.7% | -34↑0.0% | -34↑0.0% | -34↓0.3% | -34 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 43↑26.7% | 34↑0.0% | 34↑0.0% | 34↑0.3% | 34 | |
| Non-Operating Income | -43↓26.7% | -34↑0.0% | -34↑0.0% | -34↓0.3% | -34 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 844↑56.9% | 538↑1208.5% | 41↓71.5% | 144↓72.4% | 521 | |
| Income Tax Expense | 183↑62.8% | 113↑1380.3% | 8↓72.1% | 27↓73.1% | 101 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 661↑55.3% | 425↑1169.6% | 34↓71.3% | 117↓72.2% | 420 | |
| Net Income from Discontinued Operations | 2↑157.1% | 0.70↓61.1% | 2↑325.0% | -0.80↓128.6% | 3 | |
| Net Income | 663↑55.5% | 426↑1106.8% | 35↓69.6% | 116↓72.6% | 423 | |
| Bottom-Line Net Income | 661↑55.1% | 426↑1106.8% | 35↓69.6% | 116↓72.6% | 423 | |
| EPS (Basic) | 18.51↑56.2% | 11.85↑1109.2% | 0.98↓69.5% | 3.21↓72.8% | 11.79 | |
| EPS (Diluted) | 18.51↑58.2% | 11.70↑1093.9% | 0.98↓69.5% | 3.21↓72.1% | 11.49 | |
| Weighted Average Shares | 36↓0.3% | 36↑0.6% | 36↓0.6% | 36↑0.0% | 36 | |
| Weighted Average Diluted Shares | 36↓1.9% | 36↑0.8% | 36↑0.0% | 36↓0.8% | 36 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.