The Hanover Insurance Group, Inc. (THG) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Assets | 16.53B | 16.95B | 16.77B | 15.73B | 15.47B | 15.27B | 15.37B | 14.87B | 14.59B | 14.61B | 14.31B | 14.19B | 14.09B | 14B | 13.75B | 13.6B | 13.85B | 14.25B | 14.11B | 13.73B |
| Asset Growth % | 6.83% | 10.94% | 9.16% | 5.78% | 6% | 4.53% | 7.35% | 4.83% | 3.57% | 4.41% | 4.14% | 4.31% | 1.77% | -1.82% | -2.55% | -0.93% | 2.97% | 6.03% | 5.31% | 6.93% |
| Total Investment Assets | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Long-Term Investments | 10.8B | 8.51B | 6.24B | 5.98B | 5.85B | 7.82B | 6.14B | 8.98B | 8.15B | 8.12B | 7.74B | 7.83B | 7.91B | 7.72B | 7.6B | 7.67B | 7.99B | 8.39B | 8.31B | 8.17B |
| Short-Term Investments | 0 | 1.87B | 4.13B | 3.96B | 3.84B | 1.59B | 3.39B | 3.11B | 2.97B | 7.99B | 1.85B | 7.6B | 7.68B | 7.48B | 7.2B | 7.24B | 7.38B | 7.72B | 7.7B | 7.56B |
| Total Current Assets | 2.1B | 6.95B | 9.02B | 8.16B | 8.07B | 5.89B | 7.72B | 2.15B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash & Equivalents | 243.5M | 1.12B | 915.7M | 244.1M | 315.1M | 435.5M | 427.1M | 337.6M | 264.6M | 316.1M | 294.5M | 167.6M | 181.5M | 305M | 164.8M | 145.9M | 272M | 230.9M | 171.2M | 106.4M |
| Receivables | 1.86B | 3.95B | 3.98B | 3.95B | 3.91B | 3.87B | 3.91B | 3.85B | 3.74B | 3.76B | 3.76B | 3.67B | 3.57B | 3.57B | 3.57B | 3.46B | 3.42B | 3.38B | 3.51B | 3.34B |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5.15B | -6.97B | -12.06B | -5.91B | -11.44B | -11.43B | -11.35B | -10.94B | -10.85B | -11.08B | -11.33B | -11.38B | -11B |
| Goodwill & Intangibles | 178.8M | 881.8M | 887.1M | 853.3M | 835.7M | 841.6M | 841.7M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M |
| Goodwill | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M | 178.8M |
| Intangible Assets | 0 | 703M | 708.3M | 674.5M | 656.9M | 662.8M | 662.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | -10.7B | 522.9M | 530.7M | 613.6M | 578.9M | 548.3M | 532.8M | 5.71B | -8.33B | -8.29B | -7.92B | -8.01B | -8.09B | -7.9B | -7.78B | -7.85B | -8.17B | -8.56B | -8.49B | -8.35B |
| Total Liabilities | 12.96B | 13.37B | 13.35B | 12.52B | 12.43B | 12.43B | 12.49B | 12.32B | 12.07B | 12.15B | 12.2B | 11.95B | 11.7B | 11.66B | 11.45B | 11.03B | 11.01B | 11.11B | 11B | 10.57B |
| Total Debt | 843.8M | 1.22B | 1.28B | 784.6M | 784.3M | 784.1M | 783.9M | 783.7M | 783.4M | 783.2M | 783M | 782.8M | 782.6M | 782.4M | 782.2M | 782M | 781.8M | 781.6M | 781.4M | 781.2M |
| Net Debt | 600.3M | 95.6M | 364.1M | 540.5M | 469.2M | 348.6M | 356.8M | 446.1M | 518.8M | 467.1M | 488.5M | 615.2M | 601.1M | 477.4M | 617.4M | 636.1M | 509.8M | 550.7M | 610.2M | 674.8M |
| Long-Term Debt | 793.7M | 1.22B | 843M | 347.8M | 722.5M | 722.3M | 783.9M | 783.7M | 783.4M | 783.2M | 783M | 782.8M | 782.6M | 782.4M | 782.2M | 782M | 781.8M | 781.6M | 781.4M | 781.2M |
| Short-Term Debt | 50.1M | 0 | 436.8M | 436.8M | 61.8M | 61.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 50.1M | 12.05B | 436.8M | 1.04B | 0 | 819.6M | 0 | 6.22B | 0 | 6.09B | 0 | 0 | 0 | 731.7M | 78.5M | 0 | 70.1M | 55.1M | 68.1M | 66.8M |
| Accounts Payable | 0 | 45.2M | 41.7M | 49.8M | 45.8M | 37.7M | 50.9M | 59.2M | 61.6M | 64.3M | 63.8M | 69.5M | 76.2M | 70.3M | 78.5M | 77.2M | 70.1M | 55.1M | 68.1M | 66.8M |
| Deferred Revenue | 0 | 3.44B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 7.76B | -744.2M | -49.8M | -726.2M | -37.7M | -826M | 5.43B | -740.7M | 5.25B | -791.4M | -721.2M | -694.8M | -70.3M | 0 | -715.6M | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 69.6M | 83.2M |
| Other Liabilities | 12.11B | 108.6M | 12.07B | 11.13B | -722.5M | 10.89B | -783.9M | 11.54B | -783.4M | 11.36B | -783M | -782.8M | -782.6M | 10.16B | 10.67B | -782M | 10.23B | 10.33B | 10.15B | 9.71B |
| Total Equity | 3.57B | 3.57B | 3.43B | 3.22B | 3.04B | 2.84B | 2.88B | 2.55B | 2.52B | 2.47B | 2.12B | 2.24B | 2.39B | 2.33B | 2.3B | 2.57B | 2.83B | 3.14B | 3.1B | 3.15B |
| Equity Growth % | 17.28% | 25.68% | 19.06% | 26.02% | 20.68% | 15.26% | 35.98% | 14.04% | 5.6% | 5.65% | -7.82% | -12.98% | -15.67% | -25.79% | -25.99% | -18.46% | -7.02% | -1.79% | -1.67% | 2.68% |
| Shareholders Equity | 3.57B | 3.57B | 3.43B | 3.22B | 3.04B | 2.84B | 2.88B | 2.55B | 2.52B | 2.47B | 2.12B | 2.24B | 2.39B | 2.33B | 2.3B | 2.57B | 2.83B | 3.14B | 3.1B | 3.15B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 3.89B | 3.74B | 3.58B | 3.43B | 3.31B | 3.21B | 3.07B | 3B | 2.99B | 2.91B | 2.83B | 2.85B | 2.95B | 2.99B | 3.03B | 3.06B | 3.06B | 2.98B | 2.85B | 2.84B |
| Common Stock | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K |
| Accumulated OCI | -237.9M | -171.4M | -198.3M | -287.2M | -344.7M | -456.3M | -299.5M | -540.8M | -548.9M | -517.2M | -780.3M | -670.9M | -607.7M | -701.5M | -766.1M | -519.9M | -256.6M | 122.2M | 203.2M | 250.5M |
| Return on Equity (ROE) | 5.23% | 5.67% | 5.38% | 5.02% | 4.36% | 5.87% | 3.76% | 1.6% | 4.63% | 4.71% | 0.4% | -2.99% | -0.51% | -0.5% | 0.02% | 0.84% | 3.51% | 5.23% | 1.09% | 4.14% |
| Return on Assets (ROA) | 1.12% | 1.18% | 1.1% | 1.01% | 0.83% | 1.1% | 0.68% | 0.27% | 0.79% | 0.75% | 0.06% | -0.49% | -0.09% | -0.08% | 0% | 0.17% | 0.75% | 1.15% | 0.24% | 0.95% |
| Equity / Assets | 21.6% | 21.08% | 20.43% | 20.44% | 19.68% | 18.6% | 18.73% | 17.16% | 17.29% | 16.87% | 14.78% | 15.77% | 16.95% | 16.68% | 16.7% | 18.91% | 20.46% | 22.06% | 21.99% | 22.97% |
| Debt / Equity | 0.24x | 0.34x | 0.37x | 0.24x | 0.26x | 0.28x | 0.27x | 0.31x | 0.31x | 0.32x | 0.37x | 0.35x | 0.33x | 0.34x | 0.34x | 0.30x | 0.28x | 0.25x | 0.25x | 0.25x |
| Book Value per Share | 98.36 | 98.39 | 94.13 | 88.36 | 83.64 | 77.64 | 78.84 | 70.31 | 69.50 | 68.11 | 58.62 | 62.69 | 67.11 | 65.55 | 63.60 | 71.24 | 78.47 | 87.12 | 85.46 | 86.41 |
| Tangible BV per Share | 93.43 | 74.10 | 69.76 | 64.92 | 60.68 | 54.65 | 55.78 | 65.38 | 64.57 | 63.17 | 53.67 | 57.68 | 62.08 | 60.53 | 58.65 | 66.29 | 73.52 | 82.16 | 80.54 | 81.51 |