The Hanover Insurance Group, Inc. (THG)

THG Cash Flow 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-	426	35.3	116	422.8	358.7
Depreciation & Amortization	-	1.5	6.3	12.9	16.9	18.2
Other Amortization	-	6.8	7.9	5.5	3.4	6
Gain (Loss) on Sale of Investments	-	76.2	32.3	106.4	-123.5	-5.1
Stock-Based Compensation	-	31	31.1	29	22.9	20.1
Change in Accounts Receivable	-	-121.7	-110.3	-116.7	-123.4	-84
Reinsurance Recoverable	-	61.6	-91.6	-57.2	-32.9	-60
Change in Insurance Reserves / Liabilities	-	331.7	442	784.7	671.8	437.9
Change in Other Net Operating Assets	-	-8.7	48	3.3	179	67.5
Other Operating Activities	-	44	-23.3	-108.8	-138.8	-41.5
Operating Cash Flow	-	805.8	361.7	722.3	823.7	707.6
Operating Cash Flow Growth	-	122.78%	-49.92%	-12.31%	16.41%	16.73%
Capital Expenditures	-	-10.2	-11.9	-17.8	-8	-14.9
Investment in Securities	-	-530.7	-216.6	-489.8	-452.2	-593.9
Investing Cash Flow	-	-540.9	-228.5	-507.6	-460.2	-608.8
Long-Term Debt Issued	-	-	-	-	-	296.4
Total Debt Repaid	-	-	-	-	-	-175.8
Net Debt Issued (Repaid)	-	-	-	-	-	120.6
Issuance of Common Stock	-	16.7	6.5	13.3	20.5	6.3
Repurchases of Common Stock	-	-26.7	-	-30.8	-162.6	-212.8
Common Dividends Paid	-	-124.1	-117.2	-108.9	-102.2	-99.5
Total Dividends Paid	-	-124.1	-117.2	-108.9	-102.2	-99.5
Other Financing Activities	-	-11.4	-11.4	-14.2	-8.9	-8.5
Financing Cash Flow	-	-145.5	-122.1	-140.6	-253.2	-193.9
Net Cash Flow	-	119.4	11.1	74.1	110.3	-95.1
Free Cash Flow	-	795.6	349.8	704.5	815.7	692.7
Free Cash Flow Growth	-	127.44%	-50.35%	-13.63%	17.76%	16.83%
Free Cash Flow Margin	-	12.75%	5.84%	12.88%	15.60%	14.36%
Free Cash Flow Per Share	-	21.86	9.69	19.52	22.41	18.18
Cash Interest Paid	-	33.2	33.2	33.3	33.4	33.9
Cash Income Tax Paid	-	149	-22.1	107.8	74	97
Levered Free Cash Flow	-	605.73	341.89	560.8	1,106	660.78
Unlevered Free Cash Flow	-	627.04	363.2	582.11	1,127	683.96
Change in Net Working Capital	418.8	-240.5	-282.8	-441.2	-744.9	-349.5

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

SEC Filings: 10-K · 10-Q