The Hanover Insurance Group, Inc. (THG) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
THG Revenue Growth
Revenue Breakdown (FY 2025)
THG's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
THG Revenue Analysis (2014–2025)
As of May 8, 2026, The Hanover Insurance Group, Inc. (THG) generated trailing twelve-month (TTM) revenue of $6.68 billion, reflecting solid growth of +6.6% year-over-year. The most recent quarter (Q1 2026) recorded $1.70 billion in revenue, up 1.8% sequentially.
Looking at the longer-term picture, THG's 5-year compound annual growth rate (CAGR) stands at +6.5%, indicating steady revenue expansion. The company achieved its highest annual revenue of $6.60 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows THG's business is primarily driven by Personal Lines Segment (41%), Core Commercial Lines Segment (36%), and Specialty Lines Segment (23%).
When compared to Financial Services sector peers including CNA (+4.5% YoY), HIG (+7.3% YoY), and WRB (+7.8% YoY), THG has underperformed the peer group in terms of revenue growth. Compare THG vs CNA →
THG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| THGCurrent | $6.7B | +6.6% | +6.5% | 12.8% | |
 CNA | $14.7B | +4.5% | +6.6% | 11.0% | |
 HIG | $28.3B | +7.3% | +6.8% | 16.8% | |
 WRB | $14.7B | +7.8% | +12.7% | 15.9% | |
 CINF | $12.6B | +17.8% | +10.9% | 23.6% | |
 ERIE | $4.1B | +10.8% | +9.9% | 17.7% |
THG Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $6.60B | +6.1% | $2.87B | 43.5% | $843.8M | 12.8% |
| 2024 | $6.22B | +4.2% | $1.24B | 19.9% | $537.8M | 8.7% |
| 2023 | $5.96B | +9.8% | $652.9M | 10.9% | $41.1M | 0.7% |
| 2022 | $5.43B | +5.3% | $716.3M | 13.2% | $144.0M | 2.7% |
| 2021 | $5.16B | +7.1% | $1.04B | 20.2% | $521.3M | 10.1% |
| 2020 | $4.82B | -1.5% | $1.02B | 21.2% | $444.8M | 9.2% |
| 2019 | $4.89B | +9.5% | $1.10B | 22.5% | $522.1M | 10.7% |
| 2018 | $4.47B | +4.6% | $849.7M | 19.0% | $282.5M | 6.3% |
| 2017 | $4.27B | +7.6% | $847.6M | 19.9% | $292.9M | 6.9% |
| 2016 | $3.97B | -21.4% | $616.0M | 15.5% | $66.0M | 1.7% |
See THG's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs THG Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare THG vs BRK-A
Side-by-side business, growth, and profitability comparison vs Berkshire Hathaway Inc..
Start ComparisonTHG — Frequently Asked Questions
Quick answers to the most common questions about buying THG stock.
Is THG's revenue growth accelerating or slowing?
THG maintains +6.6% revenue growth, in line with its 5-year CAGR of +6.5%. TTM revenue stands at $6.7B. Growth rate remains consistent with historical average.
What is THG's long-term revenue growth rate?
The Hanover Insurance Group, Inc.'s 5-year revenue CAGR of +6.5% reflects the sustained expansion pattern. Current YoY growth of +6.6% is near this long-term average.
How is THG's revenue distributed by segment?
THG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.