The Hanover Insurance Group, Inc. (THG)

THG Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	6,116	5,913	5,663	5,252	4,770	4,527
Total Interest & Dividend Income	405.5	352	302.1	260.6	242.5	248.4
Gain (Loss) on Sale of Investments	-63.7	-75.8	-32.5	-106.5	123	5
Other Revenue	49	48.6	60.8	62.2	92.1	44
Total Revenue	6,507	6,237	5,994	5,469	5,228	4,825
Revenue Growth (YoY)	5.26%	4.07%	9.60%	4.61%	8.35%	-1.35%
Policy Benefits	3,700	3,757	4,135	3,623	3,134	2,845
Policy Acquisition & Underwriting Costs	1,269	1,222	1,176	1,093	982.7	951
Other Operating Expenses	702.8	686.4	607.7	573.9	555.6	540.5
Total Operating Expenses	5,672	5,666	5,918	5,291	4,673	4,337
Operating Income	834.7	571.9	75.2	178.1	555.3	488.1
Interest Expense	-37.2	-34.1	-34.1	-34.1	-34	-37.1
EBT Excluding Unusual Items	797.5	537.8	41.1	144	521.3	451
Other Unusual Items	-	-	-	-	-	-6.2
Pretax Income	797.5	537.8	41.1	144	521.3	444.8
Income Tax Expense	166.5	112.5	7.6	27.2	101.3	82.8
Earnings From Continuing Ops.	631	425.3	33.5	116.8	420	362
Earnings From Discontinued Ops.	0.9	0.7	1.8	-0.8	2.8	-3.3
Net Income	631.9	426	35.3	116	422.8	358.7
Net Income to Common	631.9	426	35.3	116	422.8	358.7
Net Income Growth	72.65%	1106.80%	-69.57%	-72.56%	17.87%	-15.62%
Shares Outstanding (Basic)	36	36	36	36	36	38
Shares Outstanding (Diluted)	36	36	36	36	36	38
Shares Change (YoY)	-0.41%	0.83%	-	-0.82%	-4.46%	-6.16%
EPS (Basic)	17.60	11.87	0.99	3.26	11.78	9.51
EPS (Diluted)	17.31	11.70	0.98	3.21	11.60	9.42
EPS Growth	73.14%	1093.97%	-69.45%	-72.34%	23.11%	-9.98%
Free Cash Flow	1,002	795.6	349.8	704.5	815.7	692.7
Free Cash Flow Per Share	27.46	21.86	9.69	19.52	22.41	18.18
Dividend Per Share	3.600	3.450	3.280	3.060	2.850	2.650
Dividend Growth	5.88%	5.18%	7.19%	7.37%	7.55%	8.16%
Operating Margin	12.83%	9.17%	1.26%	3.26%	10.62%	10.12%
Profit Margin	9.71%	6.83%	0.59%	2.12%	8.09%	7.43%
Free Cash Flow Margin	15.40%	12.75%	5.84%	12.88%	15.60%	14.36%
EBITDA	835.23	573.4	81.5	191	572.2	506.3
EBITDA Margin	12.84%	9.19%	1.36%	3.49%	10.95%	10.49%
D&A For EBITDA	0.53	1.5	6.3	12.9	16.9	18.2
EBIT	834.7	571.9	75.2	178.1	555.3	488.1
EBIT Margin	12.83%	9.17%	1.26%	3.26%	10.62%	10.12%
Effective Tax Rate	20.88%	20.92%	18.49%	18.89%	19.43%	18.62%
Revenue as Reported	6,507	6,237	5,994	5,469	5,228	4,825

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q