Hanover Insurance (THG) Tax Rate (2009 - 2026)
Hanover Insurance's (THG) quarterly Tax Rate came in at 22.49% in Q2 2026, down 85.0% YoY from 149.9% in Q2 2025, and up 3.32% on a QoQ basis from 21.76% in Q1 2026.
Hanover Insurance (THG) Tax Rate (2009 - 2026) Analysis & Trends
Hanover Insurance (THG) has 18 years of Tax Rate data on file, last reported at 22.49% in Q2 2026.
- Quarterly Tax Rate fell 85.0% year-over-year to 22.49% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 22.34% (down 105.0% YoY) and the FY2025 annual result came in at 21.7%, down 268.0% from the prior year.
- Tax Rate rose to 22.49% in Q2 2026, from 21.76% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 2580.0% in Q3 2022 to a low of 8.16% in Q4 2022.
- A 5-year average of 224.85% and a median of 23.29% in 2022 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate surged 255671 bps — and 2023, when it tumbled 156889 bps.
- Tracing THG's Tax Rate over 5 years: stood at 8.16% in 2022, then jumped by 654 bps to 45.21% in 2023, then sank by 49 bps to 23.03% in 2024, then advanced by 2 bps to 23.58% in 2025, then decreased by 5 bps to 22.49% in 2026.
- The last three Tax Rate figures came in at 22.49% (Q2 2026), 21.76% (Q1 2026), and 23.58% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.48 Bn | 120.72 Bn | 9.13 Bn | 20.47% |
| 2 | Progressive | 123.71 Bn | 118.71 Bn | 9.04 Bn | 21.34% |
| 3 | Travelers Companies | 79.14 Bn | 55.39 Bn | 4.83 Bn | 20.20% |
| 4 | Allstate | 67.04 Bn | 28.31 Bn | 16.28 Bn | 21.03% |
| 5 | Fairfax Financial Holdings | 35.29 Bn | 35.29 Bn | - | -20.41% |
| 6 | Cincinnati Financial | 26.69 Bn | 24.80 Bn | 2.39 Bn | 20.37% |
| 7 | Loews | 23.25 Bn | 947.16 Mn | 2.57 Bn | 23.04% |
| 8 | Markel | 23.10 Bn | 6.22 Bn | 2.83 Bn | 21.92% |
| 9 | Assurant | 13.92 Bn | 11.89 Bn | 2.71 Bn | 20.77% |
| 10 | Hanover Insurance | 7.78 Bn | 1.54 Bn | 763.70 Mn | 22.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.49% |
| Jun 30, 2026 | 22.49% |
| Jun 30, 2026 | 22.49% |
| Mar 31, 2026 | 21.76% |
| Mar 31, 2026 | 21.76% |
| Mar 31, 2026 | 21.76% |
| Dec 31, 2025 | 23.58% |
| Dec 31, 2025 | 23.58% |
| Dec 31, 2025 | 23.58% |
| Sep 30, 2025 | 21.36% |
| Sep 30, 2025 | 21.36% |
| Sep 30, 2025 | 21.36% |
| Jun 30, 2025 | 23.34% |
| Jun 30, 2025 | 23.34% |
| Jun 30, 2025 | 23.34% |
| Mar 31, 2025 | 19.93% |
| Mar 31, 2025 | 19.93% |
| Mar 31, 2025 | 19.93% |
| Dec 31, 2024 | 23.03% |
| Dec 31, 2024 | 23.03% |