Hanover Insurance (THG) Tax Rate (2009 - 2026)
Hanover Insurance (THG) posted Tax Rate of 21.75% for Q2 2026, up 0.67 percentage points from 21.08% a year earlier and up 0.54 percentage points from the prior quarter.
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Analysis
Hanover Insurance (THG) Tax Rate (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at Hanover Insurance was 22.02%, up 1.22 percentage points year-over-year; for FY2025, it came in at 21.70%, up 0.78 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of +3.08 percentage points (FY2020 to FY2025).
- In prior years, Hanover Insurance's Tax Rate was 20.92% in FY2024 (+2.43 pp), 18.49% in FY2023 (-0.40 pp), 18.89% in FY2022 (-0.54 pp) and 19.43% in FY2021 (+0.82 pp).
- Quarterly Tax Rate has run from a low of -20.00% in Q3 2022 to a high of 1011.11% in Q3 2023 over five years.
- On a year-over-year basis, Tax Rate has increased in each of the last four quarters, with an average year-over-year change of -124.19 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q3 2023, with a gain of 1031.11 percentage points; the weakest was Q3 2024, with a drop of 989.83 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 21.21% (Q1 2026), 23.58% (Q4 2025) and 21.36% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,083.69 Bn | -333.79 Bn | 55.86 Bn | 19.62% |
| 2 | Chubb | 127.81 Bn | 79.86 Bn | 9.13 Bn | 20.47% |
| 3 | Progressive | 121.79 Bn | 97.63 Bn | 9.04 Bn | 21.34% |
| 4 | Marsh & Mclennan Companies | 80.80 Bn | 72.54 Bn | - | 24.15% |
| 5 | Travelers Companies | 75.76 Bn | 52.01 Bn | 6.23 Bn | 20.20% |
| 6 | Manulife Financial | 74.06 Bn | 75.27 Bn | - | - |
| 7 | Metlife | 61.12 Bn | -45.36 Bn | 7.82 Bn | 24.73% |
| 8 | Arthur J. Gallagher | 58.82 Bn | 53.25 Bn | - | 21.74% |
| 9 | Allstate | 57.81 Bn | 19.06 Bn | 8.73 Bn | 21.03% |
| 10 | Hanover Insurance | 7.57 Bn | 4.27 Bn | 763.70 Mn | 21.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.75% |
| Mar 31, 2026 | 21.21% |
| Dec 31, 2025 | 23.58% |
| Sep 30, 2025 | 21.36% |
| Jun 30, 2025 | 21.08% |
| Mar 31, 2025 | 19.93% |
| Dec 31, 2024 | 20.90% |
| Sep 30, 2024 | 21.28% |
| Jun 30, 2024 | 21.25% |
| Mar 31, 2024 | 20.51% |
| Dec 31, 2023 | 28.56% |
| Jun 30, 2022 | 19.15% |
| Mar 31, 2022 | 19.00% |
| Dec 31, 2021 | 20.51% |
| Sep 30, 2021 | 18.12% |
| Jun 30, 2021 | 18.95% |
| Mar 31, 2021 | 18.67% |
| Dec 31, 2020 | 19.86% |
| Sep 30, 2020 | 19.58% |
| Jun 30, 2020 | 19.43% |
API Access
Hanover Insurance Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=THG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "THG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=THG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();