THG · XBRL financial data

Hanover Insurance Group financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (THG's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	4,827	5,228	5,469	5,994	6,237	6,594
Operating income (loss)	485	432	285	106	650	933
Interest expense	37	34	34	34	34	43
Other income (expense)	(2)	—	(1)	2	(2)	—
Income tax expense (benefit)	83	101	27	8	113	183
Net income (loss)	359	419	116	35	426	663
Earnings per share, basic USD per share	9.52	11.67	3.26	0.99	11.85	18.50
Earnings per share, diluted USD per share	9.42	11.49	3.21	0.98	11.70	18.16
Weighted average shares, basic millions of shares	38	36	36	36	36	36
Weighted average shares, diluted millions of shares	38	36	36	36	36	37

Fiscal years (THG's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	121	231	305	316	436	1,123
Goodwill	179	179	179	179	179	179
Total assets	13,444	14,254	13,997	14,613	15,275	16,946
Total liabilities	10,242	11,109	11,672	12,147	12,433	13,374
Retained earnings	2,668	2,983	2,989	2,909	3,210	3,742
Total stockholders' equity	3,202	3,145	2,326	2,466	2,842	3,572
Total liabilities and equity	13,444	14,254	13,997	14,613	15,275	16,946
Common shares outstanding (cover page) millions of shares	36	35	36	36	36	35

Fiscal years (THG's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	359	419	116	35	426	663
Stock-based compensation	20	23	29	31	31	36
Net cash from operating activities	708	824	722	362	806	1,178
Purchases of property and equipment	15	8	18	12	10	8
Net cash from investing activities	(609)	(460)	(508)	(229)	(541)	(666)
Share repurchases	213	163	31	0	27	129
Dividends paid	100	102	109	117	124	131
Proceeds from long-term debt	296	—	—	—	—	—
Repayments of long-term debt	176	—	—	—	—	—
Net cash from financing activities	(194)	(253)	(141)	(122)	(146)	175
Net change in cash	(95)	110	74	11	—	—

SIC 6331 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6331 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Hanover Insurance Group	506	1,736	520*	34.4M	—	Q3 FY26 10-QSep 30, 2026
Rli	46	477	195*	91.7M	—	Q3 FY26 10-QSep 30, 2026
Selective Insurance Group	0.9	1,326	367*	59.0M	—	Q3 FY26 10-QSep 30, 2026
Axis Capital Holdings	1,038	1,790	878*	71.7M	—	Q3 FY26 10-QSep 30, 2026
White Mountains Insurance Group	128	845	(56)*	2.4M	2.3 quarters	Q2 FY26 10-QJun 30, 2026
KEMPER	81	1,093	31*	58.9M	—	Q2 FY26 10-QJun 30, 2026
American Financial Group	1,438	2,030	92*	82.9M	—	Q2 FY26 10-QJun 30, 2026
Palomar Holdings	63	314	167*	26.3M	—	Q2 FY26 10-QJun 30, 2026
Kinsale Capital Group	161	455	264*	22.5M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.