Growth Metrics

Hanover Insurance (THG) Tax Rate (2016 - 2025)

Hanover Insurance (THG) has disclosed Tax Rate for 17 consecutive years, with 36.15% as the latest value for Q3 2025.

  • For the quarter ending Q3 2025, Tax Rate rose 1487.0% year-over-year to 36.15%, compared with a TTM value of 66.62% through Sep 2025, up 3827.0%, and an annual FY2024 reading of 24.11%, down 5521.0% over the prior year.
  • Tax Rate was 36.15% for Q3 2025 at Hanover Insurance, up from 21.08% in the prior quarter.
  • Across five years, Tax Rate topped out at 6833.33% in Q3 2023 and bottomed at 297.28% in Q4 2022.
  • Average Tax Rate over 5 years is 374.55%, with a median of 19.07% recorded in 2022.
  • The sharpest move saw Tax Rate skyrocketed 685333bps in 2023, then tumbled -681205bps in 2024.
  • Year by year, Tax Rate stood at 18.12% in 2021, then tumbled by -1741bps to 297.28% in 2022, then surged by 115bps to 45.21% in 2023, then tumbled by -158bps to 26.39% in 2024, then skyrocketed by 237bps to 36.15% in 2025.
  • Business Quant data shows Tax Rate for THG at 36.15% in Q3 2025, 21.08% in Q2 2025, and 32.68% in Q1 2025.