Hanover Insurance (THG) Gross Margin (2009 - 2026)
Hanover Insurance (THG) reported Gross Margin of 39.03% for Q1 2026, down 5065.0% on a YoY basis from 0.79% in Q1 2025, and down 56.19% quarter-over-quarter from 89.09% in Q4 2025.
Hanover Insurance (THG) Gross Margin (2009 - 2026) Analysis & Trends
Hanover Insurance has reported Gross Margin for 18 years, with the latest figure at 39.03% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 5065.0% year-over-year to 39.03%; the trailing twelve-month figure through Mar 2026 stood at 64.69% (down 1197.0% YoY), and the FY2025 full-year result was 89.49%, up 5304.0% from the prior year.
- Gross Margin for Q1 2026 stood at 39.03%, down from 89.09% in the prior quarter.
- The five-year high for Gross Margin was 270.79% in Q4 2023, with the low at 31.67% in Q4 2024.
- Historically, Gross Margin has averaged 77.99% across 5 years, with a median of 88.83% in 2024.
- Annual changes were most pronounced in 2023 — Gross Margin soared 23731 bps — and 2024, when it slumped 23912 bps.
- Hanover Insurance's Gross Margin stood at 33.49% in 2022, then surged by 709 bps to 270.79% in 2023, then slumped by 88 bps to 31.67% in 2024, then soared by 181 bps to 89.09% in 2025, then sank by 56 bps to 39.03% in 2026.
- The last three Gross Margin figures came in at 39.03% (Q1 2026), 89.09% (Q4 2025), and 40.21% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 127.40 Bn | 119.98 Bn | 8.64 Bn | 58.50% |
| 2 | Progressive | 119.47 Bn | 115.12 Bn | 8.36 Bn | 37.68% |
| 3 | Travelers Companies | 65.26 Bn | 41.34 Bn | 5.54 Bn | 46.48% |
| 4 | Allstate | 57.33 Bn | 32.74 Bn | 14.72 Bn | 86.87% |
| 5 | Berkley W R | 26.90 Bn | 23.16 Bn | 2.72 Bn | 73.70% |
| 6 | Cincinnati Financial | 25.67 Bn | 24.41 Bn | 2.60 Bn | 99.65% |
| 7 | Markel | 22.97 Bn | 7.51 Bn | 2.38 Bn | 67.14% |
| 8 | Loews | 22.18 Bn | 9.92 Bn | -1.32 Bn | -153.50% |
| 9 | Assurant | 12.79 Bn | 10.87 Bn | 2.01 Bn | 72.35% |
| 10 | Hanover Insurance | 6.80 Bn | 6.37 Bn | 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% |