Hanover Insurance (THG) Gross Margin (2009 - 2026)
Hanover Insurance (THG) posted Gross Margin of 44.24% for Q2 2026, up 2.01 percentage points from 42.23% a year earlier and up 0.45 percentage points from the prior quarter.
Powered by 
Analysis
Hanover Insurance (THG) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Hanover Insurance was 44.98%, up 2.55 percentage points year-over-year; for FY2025, it came in at 43.84%, up 3.36 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of +2.81 percentage points (FY2020 to FY2025).
- In prior years, Hanover Insurance's Gross Margin was 40.48% in FY2024 (+9.10 pp), 31.39% in FY2023 (-2.35 pp), 33.74% in FY2022 (-6.31 pp) and 40.05% in FY2021 (-0.98 pp).
- Quarterly Gross Margin has run from a low of 21.58% in Q4 2022 to a high of 47.31% in Q4 2025 over five years.
- On a year-over-year basis, Gross Margin has increased in each of the last 11 quarters, with an average year-over-year change of +4.25 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q4 2023, with a gain of 18.54 percentage points; the weakest was Q4 2022, with a drop of 23.01 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 43.79% (Q1 2026), 47.31% (Q4 2025) and 44.62% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,083.69 Bn | -333.79 Bn | 55.86 Bn | 54.87% |
| 2 | Chubb | 127.81 Bn | 79.86 Bn | 9.13 Bn | 57.69% |
| 3 | Progressive | 121.79 Bn | 97.63 Bn | 9.04 Bn | 38.28% |
| 4 | Marsh & Mclennan Companies | 80.80 Bn | 72.54 Bn | - | - |
| 5 | Travelers Companies | 75.76 Bn | 52.01 Bn | 6.23 Bn | 51.27% |
| 6 | Manulife Financial | 74.06 Bn | 75.27 Bn | - | - |
| 7 | Metlife | 61.12 Bn | -45.36 Bn | 7.82 Bn | 40.82% |
| 8 | Arthur J. Gallagher | 58.82 Bn | 53.25 Bn | - | - |
| 9 | Allstate | 57.81 Bn | 19.06 Bn | 8.73 Bn | 46.97% |
| 10 | Hanover Insurance | 7.57 Bn | 4.27 Bn | 763.70 Mn | 44.24% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.24% |
| Mar 31, 2026 | 43.79% |
| Dec 31, 2025 | 47.31% |
| Sep 30, 2025 | 44.62% |
| Jun 30, 2025 | 42.23% |
| Mar 31, 2025 | 41.07% |
| Dec 31, 2024 | 46.83% |
| Sep 30, 2024 | 39.53% |
| Jun 30, 2024 | 35.87% |
| Mar 31, 2024 | 39.71% |
| Dec 31, 2023 | 40.12% |
| Sep 30, 2023 | 30.29% |
| Jun 30, 2023 | 24.36% |
| Mar 31, 2023 | 30.63% |
| Dec 31, 2022 | 21.58% |
| Sep 30, 2022 | 33.42% |
| Jun 30, 2022 | 38.32% |
| Mar 31, 2022 | 41.52% |
| Dec 31, 2021 | 44.59% |
| Sep 30, 2021 | 33.80% |
API Access
Hanover Insurance Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=THG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "THG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=THG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();