Hanover Insurance (THG) Operating Expenses (2009 - 2026)
Hanover Insurance's (THG) quarterly Operating Expenses came in at $1.5 billion in Q2 2026, up 1.79% YoY from $1.5 billion in Q2 2025, and up 1.18% on a QoQ basis from $1.5 billion in Q1 2026.
Hanover Insurance (THG) Operating Expenses (2009 - 2026) Analysis & Trends
Hanover Insurance (THG) has 18 years of Operating Expenses data on file, last reported at $1.5 billion in Q2 2026.
- Quarterly Operating Expenses rose 1.79% year-over-year to $1.5 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $5.8 billion (up 1.59% YoY) and the FY2025 annual result came in at $5.8 billion, up 0.89% from the prior year.
- Operating Expenses climbed to $1.5 billion in Q2 2026, from $1.5 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.6 billion in Q2 2023 to a low of $1.2 billion in Q1 2022.
- A 5-year average of $1.4 billion and a median of $1.4 billion in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses grew 27.24% — and 2023, when it retreated 7.69%.
- Tracing THG's Operating Expenses over 5 years: stood at $1.5 billion in 2022, then dropped by 7.69% to $1.4 billion in 2023, then decreased by 0.42% to $1.4 billion in 2024, then increased by 3.0% to $1.4 billion in 2025, then increased by 4.78% to $1.5 billion in 2026.
- The last three Operating Expenses figures came in at $1.5 billion (Q2 2026), $1.5 billion (Q1 2026), and $1.4 billion (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 135.01 Bn | 121.24 Bn | 9.13 Bn | 12.19 Bn |
| 2 | Progressive | 124.83 Bn | 119.83 Bn | 9.04 Bn | 19.40 Bn |
| 3 | Travelers Companies | 79.46 Bn | 55.71 Bn | 4.83 Bn | 9.39 Bn |
| 4 | Allstate | 68.25 Bn | 29.52 Bn | 16.28 Bn | 14.45 Bn |
| 5 | Fairfax Financial Holdings | 35.31 Bn | 35.31 Bn | - | -134.80 Mn |
| 6 | Cincinnati Financial | 26.75 Bn | 24.86 Bn | 2.39 Bn | 2.70 Bn |
| 7 | Loews | 23.29 Bn | 995.49 Mn | 2.57 Bn | 4.12 Bn |
| 8 | Markel | 23.23 Bn | 6.35 Bn | 2.83 Bn | 3.63 Bn |
| 9 | Assurant | 14.11 Bn | 12.08 Bn | 2.71 Bn | 3.08 Bn |
| 10 | Hanover Insurance | 7.89 Bn | 1.65 Bn | 763.70 Mn | 1.48 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.48 Bn |
| Mar 31, 2026 | 1.46 Bn |
| Dec 31, 2025 | 1.41 Bn |
| Sep 30, 2025 | 1.44 Bn |
| Jun 30, 2025 | 1.46 Bn |
| Mar 31, 2025 | 1.44 Bn |
| Dec 31, 2024 | 1.37 Bn |
| Sep 30, 2024 | 1.44 Bn |
| Jun 30, 2024 | 1.49 Bn |
| Mar 31, 2024 | 1.41 Bn |
| Dec 31, 2023 | 1.38 Bn |
| Sep 30, 2023 | 1.52 Bn |
| Jun 30, 2023 | 1.60 Bn |
| Mar 31, 2023 | 1.46 Bn |
| Dec 31, 2022 | 1.49 Bn |
| Sep 30, 2022 | 1.37 Bn |
| Jun 30, 2022 | 1.26 Bn |
| Mar 31, 2022 | 1.20 Bn |
| Dec 31, 2021 | 1.17 Bn |
| Sep 30, 2021 | 1.23 Bn |