The Hanover Insurance Group, Inc. (THG)
NYSE: THG · Real-Time Price · USD
244.98
+2.08 (0.86%)
Nov 9, 2026, 3:21 PM EST - Market open
THG Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 749.5 | 662.5 | 426 | 35.3 | 116 | 422.8 |
Depreciation & Amortization | -6.4 | -4.6 | 1.5 | 6.3 | 12.9 | 16.9 |
Other Amortization | 6.8 | 6.7 | 6.8 | 7.9 | 5.5 | 3.4 |
Gain (Loss) on Sale of Investments | 30.4 | 46.4 | 76.2 | 32.3 | 106.4 | -123.5 |
Stock-Based Compensation | 38.2 | 35.6 | 31 | 31.1 | 29 | 22.9 |
Change in Accounts Receivable | -60 | -53 | -121.7 | -110.3 | -116.7 | -123.4 |
Reinsurance Recoverable | -196.2 | -16.6 | 61.6 | -91.6 | -57.2 | -32.9 |
Change in Insurance Reserves / Liabilities | 644.1 | 447.1 | 331.7 | 442 | 784.7 | 671.8 |
Change in Other Net Operating Assets | 43.4 | 58.9 | -8.7 | 48 | 3.3 | 179 |
Other Operating Activities | 12.8 | 35.3 | 44 | -23.3 | -108.8 | -138.8 |
Operating Cash Flow | 1,231 | 1,178 | 805.8 | 361.7 | 722.3 | 823.7 |
Operating Cash Flow Growth | 21.74% | 46.22% | 122.78% | -49.92% | -12.31% | 16.41% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -9.4 | -7.7 | -10.2 | -11.9 | -17.8 | -8 |
Investment in Securities | -776.1 | -658.5 | -530.7 | -216.6 | -489.8 | -452.2 |
Investing Cash Flow | -785.5 | -666.2 | -540.9 | -228.5 | -507.6 | -460.2 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 495 | - | - | - | - |
Total Debt Repaid | -436.8 | -61.8 | - | - | - | - |
Net Debt Issued (Repaid) | -436.8 | 433.2 | - | - | - | - |
Issuance of Common Stock | 19.7 | 15.4 | 16.7 | 6.5 | 13.3 | 20.5 |
Repurchases of Common Stock | -282.9 | -129.2 | -26.7 | - | -30.8 | -162.6 |
Common Dividends Paid | -133.2 | -130.6 | -124.1 | -117.2 | -108.9 | -102.2 |
Total Dividends Paid | -133.2 | -130.6 | -124.1 | -117.2 | -108.9 | -102.2 |
Other Financing Activities | -21.9 | -13.6 | -11.4 | -11.4 | -14.2 | -8.9 |
Financing Cash Flow | -855.1 | 175.2 | -145.5 | -122.1 | -140.6 | -253.2 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | -409.4 | 687.2 | 119.4 | 11.1 | 74.1 | 110.3 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 1,222 | 1,171 | 795.6 | 349.8 | 704.5 | 815.7 |
Free Cash Flow Growth | 21.96% | 47.12% | 127.44% | -50.35% | -13.63% | 17.76% |
Free Cash Flow Margin | 17.88% | 17.75% | 12.75% | 5.84% | 12.88% | 15.60% |
Free Cash Flow Per Share | 34.03 | 32.07 | 21.86 | 9.69 | 19.52 | 22.41 |
Levered Free Cash Flow | 1,056 | 979.58 | 605.73 | 341.89 | 560.8 | 1,106 |
Unlevered Free Cash Flow | 1,085 | 1,007 | 627.04 | 363.2 | 582.11 | 1,127 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 33.3 | 33.3 | 33.2 | 33.2 | 33.3 | 33.4 |
Cash Income Tax Paid | 169 | 169 | 149 | -22.1 | 107.8 | 74 |
Change in Working Capital | 397.8 | 396.2 | 220.9 | 272.1 | 561.3 | 620 |