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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Hanover Insurance (THG) Operating Margin (2016 - 2025)

Hanover Insurance (THG) has disclosed Operating Margin for 17 consecutive years, with 6.59% as the latest value for Q3 2025.

  • For the quarter ending Q3 2025, Operating Margin rose 39.0% year-over-year to 6.59%, compared with a TTM value of 2.66% through Sep 2025, up 214.0%, and an annual FY2024 reading of 1.91%, up 176.0% over the prior year.
  • Operating Margin was 6.59% for Q3 2025 at Hanover Insurance, down from 6.83% in the prior quarter.
  • Across five years, Operating Margin topped out at 259.25% in Q4 2022 and bottomed at 18.83% in Q4 2023.
  • Average Operating Margin over 5 years is 17.34%, with a median of 6.17% recorded in 2021.
  • The sharpest move saw Operating Margin surged 25062bps in 2022, then crashed -27809bps in 2023.
  • Year by year, Operating Margin stood at 8.63% in 2021, then soared by 2903bps to 259.25% in 2022, then plummeted by -107bps to 18.83% in 2023, then surged by 42bps to 10.98% in 2024, then skyrocketed by 160bps to 6.59% in 2025.
  • Business Quant data shows Operating Margin for THG at 6.59% in Q3 2025, 6.83% in Q2 2025, and 6.62% in Q1 2025.