Hanover Insurance (THG) Operating Expenses (2009 - 2026)

Hanover Insurance (THG) posted Operating Expenses of $1.5 billion for Q1 2026, up 3.56% quarter-over-quarter from $1.4 billion in Q4 2025, and up 1.47% year-on-year from $1.4 billion in Q1 2025.

Hanover Insurance (THG) Operating Expenses (2009 - 2026) Analysis & Trends

Hanover Insurance (THG) has reported Operating Expenses for 18 consecutive years, with $1.5 billion the latest figure, recorded in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $1.5 billion, up 1.47% year-over-year; the trailing twelve-month figure through Mar 2026 was $5.8 billion (up 0.61% YoY), and the FY2025 annual result was $5.8 billion, up 0.89% from the prior year.
  • Operating Expenses was $1.5 billion for Q1 2026 at Hanover Insurance, up from $1.4 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.6 billion in Q2 2023 and troughed at $1.2 billion in Q1 2022.
  • Average Operating Expenses over 5 years is $1.4 billion, with a median of $1.4 billion recorded in 2025.
  • Year-over-year, Operating Expenses jumped 142.4% in 2022 and slipped 7.69% in 2023.
  • Over 5 years, Operating Expenses stood at $1.5 billion in 2022, then retreated by 7.69% to $1.4 billion in 2023, then declined by 0.42% to $1.4 billion in 2024, then advanced by 3.0% to $1.4 billion in 2025, then climbed by 3.56% to $1.5 billion in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $1.5 billion in Q1 2026, $1.4 billion in Q4 2025, and $1.4 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Markel 7,105.55 Bn 7,090.09 Bn 2.38 Bn 3.10 Bn
2 Progressive 131.92 Bn 127.57 Bn 8.36 Bn 18.62 Bn
3 Chubb 78.78 Bn 71.35 Bn 8.64 Bn 11.78 Bn
4 Cincinnati Financial 74.32 Bn 73.06 Bn 2.60 Bn 2.54 Bn
5 Travelers Companies 72.03 Bn 48.11 Bn 5.54 Bn 9.81 Bn
6 Allstate 63.08 Bn 38.49 Bn 14.72 Bn 13.83 Bn
7 Fairfax Financial Holdings 34.53 Bn 39.18 Bn - -108.20 Mn
8 Loews 23.53 Bn 11.27 Bn -1.32 Bn 4.09 Bn
9 Selective Insurance 20.82 Bn 19.07 Bn 543.42 Mn 17.90 Mn
10 Hanover Insurance 130.06 Mn -301.64 Mn 613.00 Mn 1.46 Bn

Historic Data

Download Data
DateValue
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 -3.52 Bn
Sep 30, 2021 1.23 Bn
Jun 30, 2021 1.13 Bn