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The Hanover Insurance Group, Inc. THG

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Price alert · THG

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244.76 USD -4.49 (-1.80%)

Nov 6, 2026, 10:51 AM EST

244.07 Day range 247.80
166.54 52-week range 256.74
YTD
+33.92%
1 year
+38.45%

Financial health

Altman Z-Score

1.52 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

7 / 9 Strong

Nine pass/fail tests of profitability, leverage and efficiency.

Rating

A4 / 5 overall

  • DCF 3
  • Return on Equity 5
  • Return on Assets 5
  • Debt / Equity 4
  • P/E 3
  • P/B 2

Valuation

P/E 9.9×
FY 2016: 25.1×FY 2017: 24.7×FY 2018: 12.6×FY 2019: 12.3×FY 2020: 12.3×FY 2021: 11.1×FY 2022: 42.1×FY 2023: 124×FY 2024: 13.1×FY 2025: 9.9×
FY 2016 5y median 13.1× FY 2025
P/S 1.0×
FY 2016: 1.0×FY 2017: 1.1×FY 2018: 1.1×FY 2019: 1.1×FY 2020: 0.9×FY 2021: 0.9×FY 2022: 0.9×FY 2023: 0.7×FY 2024: 0.9×FY 2025: 1.0×
FY 2016 5y median 0.9× FY 2025
P/B 1.8×
FY 2016: 1.4×FY 2017: 1.5×FY 2018: 1.7×FY 2019: 1.9×FY 2020: 1.4×FY 2021: 1.5×FY 2022: 2.1×FY 2023: 1.8×FY 2024: 2.0×FY 2025: 1.8×
FY 2016 5y median 1.8× FY 2025
P/FCF 5.6×
FY 2016: 5.4×FY 2017: 6.7×FY 2018: 9.2×FY 2019: 9.3×FY 2020: 6.4×FY 2021: 5.8×FY 2022: 6.9×FY 2023: 12.4×FY 2024: 7.0×FY 2025: 5.6×
FY 2016 5y median 6.9× FY 2025
EV/EBITDA 7.5×
FY 2016: 29.7×FY 2017: 13.6×FY 2018: 13.3×FY 2019: 10.2×FY 2020: 10.1×FY 2021: 9.2×FY 2022: 27.9×FY 2023: 58.9×FY 2024: 10.3×FY 2025: 7.5×
FY 2016 5y median 10.3× FY 2025
EV/Sales 1.0×
FY 2016: 1.1×FY 2017: 1.2×FY 2018: 1.1×FY 2019: 1.2×FY 2020: 1.1×FY 2021: 1.0×FY 2022: 1.0×FY 2023: 0.8×FY 2024: 0.9×FY 2025: 1.0×
FY 2016 5y median 1.0× FY 2025
FCF Yield 17.9%
FY 2016: 18.5%FY 2017: 14.9%FY 2018: 10.9%FY 2019: 10.8%FY 2020: 15.7%FY 2021: 17.3%FY 2022: 14.5%FY 2023: 8.1%FY 2024: 14.3%FY 2025: 17.9%
FY 2016 5y median 14.5% FY 2025

Profitability

Gross Margin 43.5%
FY 2016: 15.5%FY 2017: 19.9%FY 2018: 19.0%FY 2019: 22.5%FY 2020: 21.2%FY 2021: 20.2%FY 2022: 13.2%FY 2023: 10.9%FY 2024: 19.9%FY 2025: 43.5%
FY 2016 5y median 19.9% FY 2025
Operating Margin 12.8%
FY 2016: 1.7%FY 2017: 6.9%FY 2018: 6.3%FY 2019: 10.7%FY 2020: 9.2%FY 2021: 10.1%FY 2022: 2.7%FY 2023: 0.7%FY 2024: 8.7%FY 2025: 12.8%
FY 2016 5y median 8.7% FY 2025
Net Margin 10.0%
FY 2016: 3.9%FY 2017: 4.4%FY 2018: 8.8%FY 2019: 8.7%FY 2020: 7.4%FY 2021: 8.2%FY 2022: 2.1%FY 2023: 0.6%FY 2024: 6.9%FY 2025: 10.0%
FY 2016 5y median 6.9% FY 2025
ROE 18.5%
FY 2016: 5.4%FY 2017: 6.2%FY 2018: 13.2%FY 2019: 14.6%FY 2020: 11.2%FY 2021: 13.4%FY 2022: 5.0%FY 2023: 1.4%FY 2024: 15.0%FY 2025: 18.5%
FY 2016 5y median 13.4% FY 2025
ROIC 11.6%
FY 2016: -9.1%FY 2017: -62.7%FY 2018: -640.8%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 3.0%FY 2022: 0.9%FY 2023: 0.4%FY 2024: 2.9%FY 2025: 11.6%
FY 2016 5y median 2.9% FY 2025
ROA 3.9%
FY 2016: 1.1%FY 2017: 1.2%FY 2018: 3.2%FY 2019: 3.4%FY 2020: 2.7%FY 2021: 3.0%FY 2022: 0.8%FY 2023: 0.2%FY 2024: 2.8%FY 2025: 3.9%
FY 2016 5y median 2.8% FY 2025

Growth (YoY)

Revenue 6.1%
FY 2016: -21.4%FY 2017: 7.6%FY 2018: 4.6%FY 2019: 9.5%FY 2020: -1.5%FY 2021: 7.1%FY 2022: 5.3%FY 2023: 9.8%FY 2024: 4.2%FY 2025: 6.1%
FY 2016 FY 2025
Operating Income 56.9%
FY 2016: -85.0%FY 2017: 343.8%FY 2018: -3.6%FY 2019: 84.8%FY 2020: -14.8%FY 2021: 17.2%FY 2022: -72.4%FY 2023: -71.5%FY 2024: 1208.5%FY 2025: 56.9%
FY 2016 FY 2025
EPS (diluted) 58.2%
FY 2016: -51.5%FY 2017: 20.6%FY 2018: 109.9%FY 2019: 15.1%FY 2020: -9.9%FY 2021: 22.0%FY 2022: -72.1%FY 2023: -69.5%FY 2024: 1093.9%FY 2025: 58.2%
FY 2016 FY 2025
Free Cash Flow 47.0%
FY 2016: 72.3%FY 2017: -5.0%FY 2018: -21.5%FY 2019: 9.6%FY 2020: 17.5%FY 2021: 17.8%FY 2022: -13.6%FY 2023: -50.3%FY 2024: 127.6%FY 2025: 47.0%
FY 2016 FY 2025

Financial Health

Current Ratio 0.6×
FY 2016: 0.0×FY 2017: 0.0×FY 2018: 0.0×FY 2019: 0.0×FY 2020: 0.0×FY 2021: 207×FY 2022: 15.6×FY 2023: 2.0×FY 2024: 7.2×FY 2025: 0.6×
FY 2016 5y median 7.2× FY 2025
Quick Ratio 0.6×
FY 2016: 0.0×FY 2017: 0.0×FY 2018: 0.0×FY 2019: 0.0×FY 2020: 0.0×FY 2021: 207×FY 2022: 15.6×FY 2023: 2.0×FY 2024: 7.2×FY 2025: 0.6×
FY 2016 5y median 7.2× FY 2025
Debt / Equity 0.3×
FY 2016: 0.3×FY 2017: 0.3×FY 2018: 0.3×FY 2019: 0.2×FY 2020: 0.2×FY 2021: 0.2×FY 2022: 0.3×FY 2023: 0.3×FY 2024: 0.3×FY 2025: 0.3×
FY 2016 5y median 0.3× FY 2025
Net Debt / EBITDA 0.1×
FY 2016: 3.4×FY 2017: 1.1×FY 2018: -0.7×FY 2019: 0.8×FY 2020: 1.3×FY 2021: 1.0×FY 2022: 2.5×FY 2023: 5.7×FY 2024: 0.6×FY 2025: 0.1×
FY 2016 5y median 1.0× FY 2025
Interest Coverage 19.5×
FY 2016: 1.3×FY 2017: 6.5×FY 2018: 6.3×FY 2019: 13.9×FY 2020: 12.0×FY 2021: 15.3×FY 2022: 4.2×FY 2023: 1.2×FY 2024: 15.8×FY 2025: 19.5×
FY 2016 5y median 15.3× FY 2025

Dividends

Dividend Yield 2.0%
FY 2016: 2.1%FY 2017: 1.9%FY 2018: 1.9%FY 2019: 7.1%FY 2020: 2.3%FY 2021: 2.2%FY 2022: 2.2%FY 2023: 2.7%FY 2024: 2.2%FY 2025: 2.0%
FY 2016 5y median 2.2% FY 2025
Payout Ratio 19.7%
FY 2016: 51.8%FY 2017: 46.6%FY 2018: 24.1%FY 2019: 90.8%FY 2020: 27.7%FY 2021: 24.2%FY 2022: 93.9%FY 2023: 332.0%FY 2024: 29.1%FY 2025: 19.7%
FY 2016 5y median 29.1% FY 2025

Annual · latest fiscal year ends 2025-12-31