Hanover Insurance (THG) Gross Margin (2009 - 2026)
Hanover Insurance (THG) posted Gross Margin of 39.03% for Q1 2026, down 56.19% quarter-over-quarter from 89.09% in Q4 2025, and down 5065.0% year-on-year from 0.79% in Q1 2025.
Hanover Insurance (THG) Gross Margin (2009 - 2026) Analysis & Trends
Hanover Insurance (THG) has reported Gross Margin for 18 consecutive years, with 39.03% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 39.03%, down 5065.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 64.69% (down 1197.0% YoY), and the FY2025 annual result was 89.49%, up 5304.0% from the prior year.
- Gross Margin was 39.03% for Q1 2026 at Hanover Insurance, down from 89.09% in the prior quarter.
- Over five years, Gross Margin peaked at 270.79% in Q4 2023 and troughed at 31.67% in Q4 2024.
- Average Gross Margin over 5 years is 77.99%, with a median of 88.83% recorded in 2024.
- Year-over-year, Gross Margin surged 23731 bps in 2023 and plunged 23912 bps in 2024.
- Over 5 years, Gross Margin stood at 33.49% in 2022, then surged by 709 bps to 270.79% in 2023, then sank by 88 bps to 31.67% in 2024, then soared by 181 bps to 89.09% in 2025, then plunged by 56 bps to 39.03% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 39.03% in Q1 2026, 89.09% in Q4 2025, and 40.21% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Markel | 7,105.55 Bn | 7,090.09 Bn | 2.38 Bn | 67.14% |
| 2 | Progressive | 131.92 Bn | 127.57 Bn | 8.36 Bn | 37.68% |
| 3 | Chubb | 78.78 Bn | 71.35 Bn | 8.64 Bn | 58.50% |
| 4 | Cincinnati Financial | 74.32 Bn | 73.06 Bn | 2.60 Bn | 99.65% |
| 5 | Travelers Companies | 72.03 Bn | 48.11 Bn | 5.54 Bn | 46.48% |
| 6 | Allstate | 63.08 Bn | 38.49 Bn | 14.72 Bn | 86.87% |
| 7 | Fairfax Financial Holdings | 34.53 Bn | 39.18 Bn | - | - |
| 8 | Loews | 23.53 Bn | 11.27 Bn | -1.32 Bn | -153.50% |
| 9 | Selective Insurance | 20.82 Bn | 19.07 Bn | 543.42 Mn | 39.99% |
| 10 | Hanover Insurance | 130.06 Mn | -301.64 Mn | 613.00 Mn | 39.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 39.03% |
| Dec 31, 2025 | 89.09% |
| Sep 30, 2025 | 40.21% |
| Jun 30, 2025 | 88.95% |
| Mar 31, 2025 | 89.68% |
| Dec 31, 2024 | 31.67% |
| Sep 30, 2024 | 88.83% |
| Jun 30, 2024 | 88.75% |
| Mar 31, 2024 | 35.44% |
| Dec 31, 2023 | 270.79% |
| Sep 30, 2023 | 89.46% |
| Jun 30, 2023 | 89.10% |
| Mar 31, 2023 | 89.38% |
| Dec 31, 2022 | 33.49% |
| Sep 30, 2022 | 89.71% |
| Jun 30, 2022 | 34.60% |
| Mar 31, 2022 | 37.69% |
| Dec 31, 2021 | 55.08% |
| Sep 30, 2021 | 89.34% |
| Jun 30, 2021 | 36.85% |