Hanover Insurance (THG) FCF Margin (2010 - 2026)

Hanover Insurance (THG) reported FCF Margin of 7.34% for Q1 2026, up 503.0% on a YoY basis from 1.22% in Q1 2025, and down 67.45% quarter-over-quarter from 22.55% in Q4 2025.

Hanover Insurance (THG) FCF Margin (2010 - 2026) Analysis & Trends

Hanover Insurance has reported FCF Margin for 17 years, with the latest figure at 7.34% in Q1 2026.

  • For the quarter ending Q1 2026, FCF Margin rose 503.0% year-over-year to 7.34%; the trailing twelve-month figure through Mar 2026 stood at 19.7% (up 633.0% YoY), and the FY2025 full-year result was 17.75%, up 428.0% from the prior year.
  • FCF Margin for Q1 2026 stood at 7.34%, down from 22.55% in the prior quarter.
  • The five-year high for FCF Margin was 35.56% in Q3 2025, with the low at 0.28% in Q2 2022.
  • Historically, FCF Margin has averaged 12.49% across 5 years, with a median of 12.32% in 2022.
  • Annual changes were most pronounced in 2023 — FCF Margin sank 1439 bps — and 2024, when it surged 1102 bps.
  • Hanover Insurance's FCF Margin stood at 12.32% in 2022, then plunged by 52 bps to 5.92% in 2023, then jumped by 182 bps to 16.71% in 2024, then jumped by 35 bps to 22.55% in 2025, then sank by 67 bps to 7.34% in 2026.
  • The last three FCF Margin figures came in at 7.34% (Q1 2026), 22.55% (Q4 2025), and 35.56% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Chubb 127.40 Bn 119.98 Bn 8.64 Bn 26.72%
2 Progressive 119.47 Bn 115.12 Bn 8.36 Bn 19.40%
3 Travelers Companies 65.26 Bn 41.34 Bn 5.54 Bn 18.33%
4 Allstate 57.33 Bn 32.74 Bn 14.72 Bn 20.79%
5 Berkley W R 26.90 Bn 23.16 Bn 2.72 Bn 18.85%
6 Cincinnati Financial 25.67 Bn 24.41 Bn 2.60 Bn 25.12%
7 Markel 22.97 Bn 7.51 Bn 2.38 Bn -0.88%
8 Loews 22.18 Bn 9.92 Bn -1.32 Bn -15.38%
9 Assurant 12.79 Bn 10.87 Bn 2.01 Bn 6.92%
10 Hanover Insurance 6.80 Bn 6.37 Bn 613.00 Mn 7.34%

Historic Data

Download Data
DateValue
Mar 31, 2026 7.34%
Dec 31, 2025 22.55%
Sep 30, 2025 35.56%
Jun 30, 2025 13.26%
Mar 31, 2025 2.31%
Dec 31, 2024 16.71%
Sep 30, 2024 26.52%
Jun 30, 2024 9.32%
Mar 31, 2024 3.87%
Dec 31, 2023 5.92%
Sep 30, 2023 15.50%
Jun 30, 2023 1.62%
Mar 31, 2023 1.06%
Dec 31, 2022 12.32%
Sep 30, 2022 22.77%
Jun 30, 2022 0.28%
Mar 31, 2022 15.45%
Dec 31, 2021 13.29%
Sep 30, 2021 22.30%
Jun 30, 2021 14.06%