Hanover Insurance (THG) FCF Margin (2010 - 2026)
Hanover Insurance's (THG) quarterly FCF Margin came in at 12.13% in Q2 2026, down 24.0% YoY from 15.96% in Q2 2025, and up 79.25% on a QoQ basis from 6.77% in Q1 2026.
Hanover Insurance (THG) FCF Margin (2010 - 2026) Analysis & Trends
Hanover Insurance (THG) has 17 years of FCF Margin data on file, last reported at 12.13% in Q2 2026.
- Quarterly FCF Margin fell 24.0% year-over-year to 12.13% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 18.45% (up 540.0% YoY) and the FY2025 annual result came in at 17.63%, up 501.0% from the prior year.
- FCF Margin climbed to 12.13% in Q2 2026, from 6.77% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 32.94% in Q3 2025 to a low of 0.26% in Q2 2022.
- A 5-year average of 11.85% and a median of 12.25% in 2025 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2023 — FCF Margin plunged 1350 bps — and 2024, when it soared 1030 bps.
- Tracing THG's FCF Margin over 5 years: stood at 14.52% in 2022, then plunged by 59 bps to 5.92% in 2023, then jumped by 120 bps to 13.0% in 2024, then soared by 72 bps to 22.33% in 2025, then slumped by 46 bps to 12.13% in 2026.
- The last three FCF Margin figures came in at 12.13% (Q2 2026), 6.77% (Q1 2026), and 22.33% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.94 Bn | 121.18 Bn | 9.13 Bn | 23.58% |
| 2 | Progressive | 124.72 Bn | 119.71 Bn | 9.04 Bn | 14.69% |
| 3 | Travelers Companies | 79.44 Bn | 55.69 Bn | 4.83 Bn | 17.73% |
| 4 | Allstate | 67.68 Bn | 28.95 Bn | 16.28 Bn | 13.93% |
| 5 | Fairfax Financial Holdings | 35.33 Bn | 35.33 Bn | - | - |
| 6 | Cincinnati Financial | 26.77 Bn | 24.88 Bn | 2.39 Bn | 16.33% |
| 7 | Loews | 23.32 Bn | 1.02 Bn | 2.57 Bn | 14.96% |
| 8 | Markel | 23.25 Bn | 6.37 Bn | 2.83 Bn | 9.57% |
| 9 | Assurant | 14.12 Bn | 12.08 Bn | 2.71 Bn | 11.85% |
| 10 | Hanover Insurance | 7.87 Bn | 1.64 Bn | 763.70 Mn | 12.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.13% |
| Mar 31, 2026 | 6.77% |
| Dec 31, 2025 | 22.33% |
| Sep 30, 2025 | 32.94% |
| Jun 30, 2025 | 12.37% |
| Mar 31, 2025 | 2.29% |
| Dec 31, 2024 | 13.00% |
| Sep 30, 2024 | 24.87% |
| Jun 30, 2024 | 8.74% |
| Mar 31, 2024 | 3.62% |
| Dec 31, 2023 | 5.92% |
| Sep 30, 2023 | 14.57% |
| Jun 30, 2023 | 1.52% |
| Mar 31, 2023 | 1.00% |
| Dec 31, 2022 | 14.52% |
| Sep 30, 2022 | 22.05% |
| Jun 30, 2022 | 0.26% |
| Mar 31, 2022 | 14.50% |
| Dec 31, 2021 | 16.39% |
| Sep 30, 2021 | 22.30% |