Growth Metrics

Hanover Insurance (THG) Cost of Revenue (2016 - 2025)

Hanover Insurance's Cost of Revenue history spans 17 years, with the latest figure at $182.4 million for Q4 2025.

  • For Q4 2025, Cost of Revenue fell 94.41% year-over-year to $182.4 million; the TTM value through Dec 2025 reached $1.5 billion, down 67.26%, while the annual FY2025 figure was $692.9 million, 81.56% down from the prior year.
  • Cost of Revenue reached $182.4 million in Q4 2025 per THG's latest filing, up from $174.3 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $3.3 billion in Q4 2024 to a low of -$2.0 billion in Q4 2022.
  • Average Cost of Revenue over 5 years is $303.5 million, with a median of $165.5 million recorded in 2024.
  • Peak YoY movement for Cost of Revenue: plummeted 1355.05% in 2021, then skyrocketed 1986.51% in 2024.
  • A 5-year view of Cost of Revenue shows it stood at -$1.8 billion in 2021, then decreased by 10.13% to -$2.0 billion in 2022, then surged by 107.83% to $156.4 million in 2023, then surged by 1986.51% to $3.3 billion in 2024, then crashed by 94.41% to $182.4 million in 2025.
  • Per Business Quant, the three most recent readings for THG's Cost of Revenue are $182.4 million (Q4 2025), $174.3 million (Q3 2025), and $170.8 million (Q2 2025).