Hanover Insurance (THG) Cost of Revenue (2009 - 2026)

Hanover Insurance has reported Cost of Revenue for 18 years, with the latest figure at $957.6 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 478.96% year-over-year to $957.6 million; the trailing twelve-month figure through Mar 2026 stood at $2.2 billion (up 64.92% YoY), and the FY2025 full-year result was $692.9 million, down 81.56% from the prior year.
• Cost of Revenue for Q1 2026 stood at $957.6 million, up from $182.4 million in the prior quarter.
• The five-year high for Cost of Revenue was $1.1 billion in Q4 2022, with the low at -$2.6 billion in Q4 2023.
• Historically, Cost of Revenue has averaged $305.6 million across 5 years, with a median of $170.8 million in 2025.
• Annual changes were most pronounced in 2023 — Cost of Revenue slumped 348.49% — and 2024, when it soared 538.36%.
• Hanover Insurance's Cost of Revenue stood at $1.1 billion in 2022, then tumbled by 348.49% to -$2.6 billion in 2023, then soared by 132.96% to $860.6 million in 2024, then slumped by 78.81% to $182.4 million in 2025, then surged by 425.0% to $957.6 million in 2026.
• The last three Cost of Revenue figures came in at $957.6 million (Q1 2026), $182.4 million (Q4 2025), and $927.1 million (Q3 2025), per Business Quant data.