The Hanover Insurance Group financials
$217.96+0.18%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.59B | $6.24B | $5.99B | $5.47B | $5.23B | $4.82B | $4.89B | $4.49B | $4.27B | $4.05B |
| Gross profit | $1.58B | $1.26B | $682.9M | $752.0M | $1.11B | $1.03B | $1.10B | $877.9M | $847.6M | $704.3M |
| Gross margin | 24.0% | 20.2% | 11.4% | 13.8% | 21.2% | 21.3% | 22.5% | 19.5% | 19.9% | 17.4% |
| Operating income | $887.0M | $571.9M | $75.2M | $178.1M | $555.3M | $481.9M | $559.6M | $327.6M | $338.1M | $117.4M |
| Net income | $662.5M | $426.0M | $35.3M | $116.0M | $422.8M | $358.7M | $425.1M | $391.0M | $186.2M | $155.1M |
| Net margin | 10.0% | 6.8% | 0.6% | 2.1% | 8.1% | 7.4% | 8.7% | 8.7% | 4.4% | 3.8% |
| Diluted EPS | $18.16 | $11.70 | $0.98 | $3.21 | $11.60 | $9.42 | $10.46 | $9.09 | $4.33 | $3.59 |
| EBITDA | $882.4M | $573.4M | $81.5M | $196.5M | $572.2M | $512.3M | $592.6M | $390.1M | $382.2M | $246.3M |
| Operating cash flow | $1.18B | $806.4M | $361.7M | $722.3M | $823.7M | $707.6M | $602.9M | $551.3M | $704.6M | $743.4M |
| Free cash flow | $1.17B | $796.2M | $349.8M | $704.5M | $815.7M | $692.7M | $589.6M | $538.2M | $686.0M | $727.7M |
| Diluted shares | 36.5M | 36.4M | 36.1M | 36.1M | 36.4M | 38.1M | 40.6M | 43.0M | 43.0M | 43.2M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.12B | $435.5M | $316.1M | $305.0M | $230.9M | $120.6M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $1.22B | $784.1M | $783.2M | $782.4M | $781.6M | $780.8M |
| Total assets | $16.95B | $15.27B | $14.61B | $14.00B | $14.25B | $13.44B |
| Total liabilities | $13.37B | $12.43B | $12.15B | $11.66B | $11.11B | $10.24B |
| Shareholders' equity | $3.57B | $2.84B | $2.47B | $2.33B | $3.14B | $3.20B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology