Hanover Insurance (THG) Tax Rate (2009 - 2026)

Hanover Insurance (THG) has reported Tax Rate for 18 consecutive years, with 21.21% the latest figure, recorded in Q1 2026.

• Tax Rate for Q1 2026 came in at 21.21%, up 129.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 20.96% (down 314.0% YoY), and the FY2025 annual result was 21.7%, down 268.0% from the prior year.
• Tax Rate was 21.21% for Q1 2026 at Hanover Insurance, down from 23.58% in the prior quarter.
• Over five years, Tax Rate peaked at 2580.0% in Q3 2022 and troughed at 31.43% in Q1 2023.
• Average Tax Rate over 5 years is 178.45%, with a median of 21.28% recorded in 2024.
• Year-over-year, Tax Rate soared 256188 bps in 2022 and slumped 245778 bps in 2023.
• Over 5 years, Tax Rate stood at 8.16% in 2022, then surged by 450 bps to 28.56% in 2023, then climbed by 4 bps to 29.69% in 2024, then retreated by 21 bps to 23.58% in 2025, then dropped by 10 bps to 21.21% in 2026.
• Per Business Quant data, the three most recent Tax Rate figures were 21.21% in Q1 2026, 23.58% in Q4 2025, and 15.63% in Q3 2025.