Hanover Insurance (THG) Gross Margin (2009 - 2026)
Hanover Insurance's (THG) quarterly Gross Margin came in at 44.24% in Q2 2026, up 201.0% YoY from 14.7% in Q2 2025, and up 1.02% on a QoQ basis from 43.79% in Q1 2026.
Hanover Insurance (THG) Gross Margin (2009 - 2026) Analysis & Trends
Hanover Insurance (THG) has 18 years of Gross Margin data on file, last reported at 44.24% in Q2 2026.
- Quarterly Gross Margin rose 201.0% year-over-year to 44.24% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 44.98% (up 255.0% YoY) and the FY2025 annual result came in at 43.84%, up 336.0% from the prior year.
- Gross Margin climbed to 44.24% in Q2 2026, from 43.79% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 47.31% in Q4 2025 to a low of 21.58% in Q4 2022.
- A 5-year average of 38.08% and a median of 39.92% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 2301 bps — and 2023, when it surged 1854 bps.
- Tracing THG's Gross Margin over 5 years: stood at 21.58% in 2022, then surged by 86 bps to 40.12% in 2023, then climbed by 17 bps to 46.83% in 2024, then gained by 1 bps to 47.31% in 2025, then fell by 6 bps to 44.24% in 2026.
- The last three Gross Margin figures came in at 44.24% (Q2 2026), 43.79% (Q1 2026), and 47.31% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 135.01 Bn | 121.25 Bn | 9.13 Bn | 57.69% |
| 2 | Progressive | 124.60 Bn | 119.60 Bn | 9.04 Bn | 38.28% |
| 3 | Travelers Companies | 79.46 Bn | 55.71 Bn | 4.83 Bn | 44.93% |
| 4 | Allstate | 67.73 Bn | 29.00 Bn | 16.28 Bn | 87.55% |
| 5 | Fairfax Financial Holdings | 35.48 Bn | 35.48 Bn | - | - |
| 6 | Cincinnati Financial | 26.79 Bn | 24.90 Bn | 2.39 Bn | 55.85% |
| 7 | Loews | 23.32 Bn | 1.02 Bn | 2.57 Bn | 54.18% |
| 8 | Markel | 23.23 Bn | 6.35 Bn | 2.83 Bn | 70.46% |
| 9 | Assurant | 14.12 Bn | 12.09 Bn | 2.71 Bn | 78.34% |
| 10 | Hanover Insurance | 7.87 Bn | 1.64 Bn | 763.70 Mn | 44.24% |
Historic Data
Download 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% |