The Hanover Insurance Group, Inc. (THG) quarterly income statement — complete revenue, gross profit & net income history
The Hanover Insurance Group, Inc. (THG) annual income statement — 30-year revenue, gross profit & net income history
| Metric | Q2'26 | 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 |
|---|
| Revenue | 1.73B | 1.7B | 1.67B | 1.66B | 1.65B | 1.6B | 1.58B | 1.56B | 1.54B | 1.54B | 1.53B | 1.52B | 1.5B | 1.44B | 1.48B | 1.37B | 1.29B | 1.33B | 1.37B | 1.27B |
| Revenue Growth % | 4.56% | 6.62% | 5.93% | 6.21% | 7.53% | 3.49% | 3.24% | 2.95% | 2.05% | 6.8% | 3.39% | 11% | 16.36% | 8.49% | 7.57% | 7.17% | -1.14% | 3.79% | 5.99% | 2.51% |
| Medical Costs & Claims | 962.5M | 957.6M | 889.7M | 1.25B | 1.28B | 1.27B | 1.17B | 1.26B | 1.31B | 1.23B | 1.21B | 1.36B | 1.43B | 1.31B | 1.33B | 1.22B | 1.11B | 1.05B | 1.02B | 1.09B |
| Medical Cost Ratio % | 55.76% | 56.28% | 53.21% | 75.5% | 77.3% | 79.54% | 74.26% | 80.82% | 85.4% | 80.04% | 79.39% | 89.55% | 95.23% | 90.48% | 90.26% | 89.05% | 86.22% | 78.94% | 74.05% | 85.34% |
| Gross Profit | 763.7M | 743.8M | 782.2M | 406.2M | 374.7M | 326.5M | 406.3M | 299.5M | 224.2M | 307.7M | 315.1M | 158.5M | 71.8M | 137.5M | 144M | 149.6M | 178.1M | 280.3M | 356.7M | 186.9M |
| Gross Margin % | 44.24% | 43.72% | 46.79% | 24.5% | 22.7% | 20.46% | 25.74% | 19.18% | 14.6% | 19.96% | 20.61% | 10.45% | 4.77% | 9.52% | 9.74% | 10.95% | 13.78% | 21.06% | 25.95% | 14.66% |
| Gross Profit Growth % | 103.82% | 127.81% | 92.52% | 35.63% | 67.13% | 6.11% | 28.94% | 88.96% | 212.26% | 123.78% | 118.82% | 5.95% | -59.69% | -50.95% | -59.63% | -19.96% | -44.08% | 7.6% | -1.63% | -36.92% |
| Operating Expenses | 519.1M | 506.7M | 524.4M | 179.1M | 175.9M | 166.4M | 194.8M | 169.8M | 172.9M | 162.4M | 164.9M | 159.4M | 162.5M | 155M | 158.7M | 149.1M | 149.9M | 150.3M | 151.9M | 144.4M |
| OpEx / Revenue % | 30.07% | 29.78% | 31.37% | 10.8% | 10.65% | 10.43% | 12.34% | 10.88% | 11.26% | 10.53% | 10.79% | 10.51% | 10.8% | 10.74% | 10.73% | 10.91% | 11.59% | 11.29% | 11.05% | 11.33% |
| Depreciation & Amortization | -1M | -1.8M | -1.3M | -1.2M | -1M | -1.1M | -600K | 500K | 800K | 800K | 800K | 1.5M | 1.8M | 2.2M | 2.9M | 3.8M | 2.9M | 3.3M | 4.4M | 4.3M |
| Combined Ratio % | 85.83% | 86.06% | 84.58% | 86.3% | 87.96% | 89.97% | 86.6% | 91.69% | 96.66% | 90.58% | 90.18% | 100.06% | 106.03% | 101.21% | 100.99% | 99.96% | 97.82% | 90.23% | 85.1% | 96.67% |
| Operating Income | 244.6M | 237.1M | 257.8M | 227.1M | 198.8M | 160.1M | 211.5M | 129.7M | 51.3M | 145.3M | 150.2M | -900K | -90.7M | -17.5M | -14.7M | 500K | 28.2M | 130M | 204.8M | 42.5M |
| Operating Margin % | 14.17% | 13.94% | 15.42% | 13.7% | 12.04% | 10.03% | 13.4% | 8.31% | 3.34% | 9.42% | 9.82% | -0.06% | -6.03% | -1.21% | -0.99% | 0.04% | 2.18% | 9.77% | 14.9% | 3.33% |
| Operating Income Growth % | 23.04% | 48.09% | 21.89% | 75.1% | 287.52% | 10.19% | 40.81% | 14511.11% | 156.56% | 930.29% | 1121.77% | -280% | -421.63% | -113.46% | -107.18% | -98.82% | -82.36% | 13.94% | -1.06% | -71.4% |
| EBITDA | 243.6M | 235.3M | 256.5M | 225.9M | 197.8M | 159M | 210.9M | 130.2M | 52.1M | 146.1M | 151M | 600K | -88.9M | -15.3M | -11.8M | 4.3M | 31.1M | 133.3M | 209.2M | 46.8M |
| EBITDA Margin % | 14.11% | 13.83% | 15.34% | 13.62% | 11.98% | 9.96% | 13.36% | 8.34% | 3.39% | 9.48% | 9.88% | 0.04% | -5.91% | -1.06% | -0.8% | 0.31% | 2.41% | 10.02% | 15.22% | 3.67% |
| Interest Expense | 10.1M | 10.8M | 14.5M | 11.6M | 8.6M | 8.5M | 8.5M | 8.5M | 8.6M | 8.5M | 8.5M | 8.5M | 8.6M | 8.5M | 8.6M | 8.5M | 8.5M | 8.5M | 8.5M | 8.5M |
| Non-Operating Income | -10.1M | -10.8M | -14.5M | -11.6M | -8.6M | -8.5M | -8.5M | -8.5M | -8.6M | -8.5M | -8.5M | -8.5M | -8.6M | -8.5M | -8.6M | -8.5M | -8.5M | -8.5M | -8.5M | -8.5M |
| Pretax Income | 244.6M | 237.1M | 257.8M | 227.1M | 198.8M | 160.1M | 211.5M | 129.7M | 51.3M | 145.3M | 150.2M | -900K | -90.7M | -17.5M | -14.7M | 500K | 28.2M | 130M | 204.8M | 42.5M |
| Pretax Margin % | 14.17% | 13.94% | 15.42% | 13.7% | 12.04% | 10.03% | 13.4% | 8.31% | 3.34% | 9.42% | 9.82% | -0.06% | -6.03% | -1.21% | -0.99% | 0.04% | 2.18% | 9.77% | 14.9% | 3.33% |
| Income Tax | 53.2M | 50.3M | 60.8M | 48.5M | 41.9M | 31.9M | 44.2M | 27.6M | 10.9M | 29.8M | 42.9M | -9.1M | -20.7M | -5.5M | -2.8M | -100K | 5.4M | 24.7M | 42M | 7.7M |
| Effective Tax Rate % | 21.75% | 21.21% | 23.58% | 21.36% | 21.08% | 19.93% | 20.9% | 21.28% | 21.25% | 20.51% | 28.56% | 1011.11% | 22.82% | 31.43% | 19.05% | -20% | 19.15% | 19% | 20.51% | 18.12% |
| Net Income | 191.6M | 186.8M | 198.5M | 178.7M | 157.1M | 128.2M | 167.9M | 102.1M | 40.5M | 115.5M | 107.9M | 8.6M | -69.2M | -12M | -11.6M | 500K | 22.7M | 104.9M | 163.5M | 34M |
| Net Margin % | 11.1% | 10.98% | 11.87% | 10.78% | 9.52% | 8.03% | 10.64% | 6.54% | 2.64% | 7.49% | 7.06% | 0.57% | -4.6% | -0.83% | -0.78% | 0.04% | 1.76% | 7.88% | 11.89% | 2.67% |
| Net Income Growth % | 21.96% | 45.71% | 18.23% | 75.02% | 287.9% | 11% | 55.61% | 1087.21% | 158.53% | 1062.5% | 1030.17% | 1620% | -404.85% | -111.44% | -107.09% | -98.53% | -82.33% | 13.16% | -0.67% | -71.4% |
| EPS (Diluted) | 5.28 | 5.15 | 5.47 | 4.91 | 4.30 | 3.50 | 4.59 | 2.80 | 1.12 | 3.18 | 2.98 | 0.24 | -1.94 | -0.34 | -0.33 | 0.01 | 0.63 | 2.90 | 4.53 | 0.94 |
| EPS Growth % | 22.79% | 47.14% | 19.17% | 75.36% | 283.93% | 10.06% | 54.03% | 1066.67% | 157.73% | 1035.29% | 1003.03% | 2300% | -407.94% | -111.72% | -107.28% | -98.94% | -82.1% | 15.54% | 2.26% | -69.97% |
| EPS (Basic) | 5.40 | 5.26 | 5.59 | 4.98 | 4.38 | 3.50 | 4.59 | 2.80 | 1.12 | 3.18 | 2.98 | 0.24 | -1.94 | -0.34 | -0.33 | 0.01 | 0.63 | 2.95 | 4.61 | 0.95 |
| Diluted Shares Outstanding | 36.3M | 36.3M | 36.3M | 36.4M | 36.4M | 36.4M | 36.6M | 36.5M | 36.3M | 36.3M | 36.2M | 36.1M | 35.7M | 35.6M | 35.6M | 36.1M | 36.1M | 36.1M | 36.1M | 36.3M |