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Hanover Insurance Group, Inc.. (THG) Stock Fundamental Analysis & AI Rating 2026

THG NYSE Fire, Marine & Casualty Insurance DE CIK: 0000944695
Recently Updated • Analysis: May 6, 2026 • SEC Data: 2026-03-31
Combined AI Rating
HOLD
68% Confidence
N/A
HOLD
68% Conf
Pending
Analysis scheduled

📊 THG Key Takeaways

Revenue: $1.7B
Net Margin: 11.0%
Free Cash Flow: $115.3M
Current Ratio: N/A
Debt/Equity: 0.22x
EPS: $5.20
AI Rating: HOLD with 68% confidence
Hanover Insurance Group, Inc.. (THG) receives a HOLD rating with 68% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $1.7B, net profit margin of 11.0%, and return on equity (ROE) of 5.2%, Hanover Insurance Group, Inc.. demonstrates mixed fundamentals in the Finance sector. Below is our complete THG stock analysis for 2026.

Is Hanover Insurance Group, Inc.. (THG) a Good Investment?

Claude

Hanover Insurance demonstrates fortress-like financial stability with low leverage (0.22x debt/equity) and strong cash generation, but operational performance is stalling with flat net income despite 5.7% revenue growth. Very low ROE of 5.2% suggests inefficient capital deployment, indicating the market may be pricing in structural challenges in the insurance underwriting environment.

Why Buy Hanover Insurance Group, Inc.. Stock? THG Key Strengths

Claude
  • + Exceptional balance sheet strength with minimal leverage (0.22x debt/equity) providing downside protection
  • + Robust cash flow generation with $115.3M free cash flow and excellent interest coverage of 23.2x
  • + Revenue growth of 5.7% YoY in competitive insurance market demonstrates market competitiveness
  • + Strong EPS growth of 55.2% reflects disciplined capital allocation through buyback program

THG Stock Risks: Hanover Insurance Group, Inc.. Investment Risks

Claude
  • ! Flat net income growth (+0.0% YoY) despite revenue growth signals deteriorating underwriting margins or rising claims
  • ! Critically low ROE of 5.2% indicates poor capital efficiency and below-industry returns for insurance sector
  • ! Operating margin of 14.7% is modest and may face compression from rising claims or competitive pressure
  • ! Modest free cash flow margin of 6.8% limits capacity for dividends or strategic investments

Key Metrics to Watch

Claude
  • * Net income growth trajectory - must improve to justify valuation
  • * Return on equity trend - needs improvement toward 10%+ industry benchmarks
  • * Combined ratio developments - indicates underwriting profitability in insurance operations
  • * Operating cash flow sustainability relative to claims inflation

Hanover Insurance Group, Inc.. (THG) Financial Metrics & Key Ratios

Revenue
$1.7B
Net Income
$186.8M
EPS (Diluted)
$5.20
Free Cash Flow
$115.3M
Total Assets
$16.5B
Cash Position
$243.5M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

THG Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 14.7%
Net Margin 11.0%
ROE 5.2%
ROA 1.1%
FCF Margin 6.8%

THG vs Finance Sector: How Hanover Insurance Group, Inc.. Compares

How Hanover Insurance Group, Inc.. compares to Finance sector averages

Net Margin
THG 11.0%
vs
Sector Avg 25.0%
THG Sector
ROE
THG 5.2%
vs
Sector Avg 12.0%
THG Sector
Current Ratio
THG 0.0x
vs
Sector Avg 1.2x
THG Sector
Debt/Equity
THG 0.2x
vs
Sector Avg 2.0x
THG Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Hanover Insurance Group, Inc.. Stock Overvalued? THG Valuation Analysis 2026

Based on fundamental analysis, Hanover Insurance Group, Inc.. has mixed fundamental signals relative to the Finance sector in 2026.

Return on Equity
5.2%
Sector avg: 12%
Net Profit Margin
11.0%
Sector avg: 25%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.22x
Sector avg: 2x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Hanover Insurance Group, Inc.. Balance Sheet: THG Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
0.22x
Debt/Assets
78.4%
Interest Coverage
23.17x
Long-term Debt
$793.7M

THG Revenue & Earnings Growth: 5-Year Financial Trend

THG 5-year financial data: Year 2021: Revenue $5.2B, Net Income $425.1M, EPS $10.46. Year 2022: Revenue $5.5B, Net Income $358.7M, EPS $9.42. Year 2023: Revenue $6.0B, Net Income $422.8M, EPS $11.60. Year 2024: Revenue $6.2B, Net Income $116.0M, EPS $3.21. Year 2025: Revenue $6.6B, Net Income $35.3M, EPS $0.98.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Hanover Insurance Group, Inc..'s revenue has grown significantly by 26% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.98 reflects profitable operations.

THG Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
6.8%
Free cash flow / Revenue

THG Quarterly Earnings & Performance

Quarterly financial performance data for Hanover Insurance Group, Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $1.6B $128.2M $3.50
Q3 2025 $1.6B $102.1M $2.80
Q2 2025 $1.5B $40.5M $1.12
Q1 2025 $1.6B $115.5M $3.18
Q3 2024 $1.5B $8.6M $0.24
Q2 2024 $1.5B $40.5M $1.12
Q1 2024 $1.4B -$12.0M $-0.34
Q3 2023 $1.4B $500.0K $0.01

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Hanover Insurance Group, Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$118.8M
Cash generated from operations
Stock Buybacks
$86.9M
Shares repurchased (TTM)
Capital Expenditures
$3.5M
Investment in assets
Dividends Paid
$33.5M
Returned to shareholders

THG SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Hanover Insurance Group, Inc.. (CIK: 0000944695)

📋 Recent SEC Filings

Date Form Document Action
May 5, 2026 4 xslF345X06/ownership.xml View →
May 4, 2026 4 xslF345X06/ownership.xml View →
Apr 30, 2026 10-Q thg-20260331.htm View →
Apr 29, 2026 8-K thg-20260429.htm View →
Mar 31, 2026 4 xslF345X06/ownership.xml View →

Frequently Asked Questions about THG

What is the AI rating for THG?

Hanover Insurance Group, Inc.. (THG) has an AI rating of HOLD with 68% confidence, based on fundamental analysis of SEC EDGAR filings.

What are THG's key strengths?

Claude: Exceptional balance sheet strength with minimal leverage (0.22x debt/equity) providing downside protection. Robust cash flow generation with $115.3M free cash flow and excellent interest coverage of 23.2x.

What are the risks of investing in THG?

Claude: Flat net income growth (+0.0% YoY) despite revenue growth signals deteriorating underwriting margins or rising claims. Critically low ROE of 5.2% indicates poor capital efficiency and below-industry returns for insurance sector.

What is THG's revenue and growth?

Hanover Insurance Group, Inc.. reported revenue of $1.7B.

Does THG pay dividends?

Hanover Insurance Group, Inc.. pays dividends, with $33.5M distributed to shareholders in the trailing twelve months.

Where can I find THG SEC filings?

Official SEC filings for Hanover Insurance Group, Inc.. (CIK: 0000944695) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is THG's EPS?

Hanover Insurance Group, Inc.. has a diluted EPS of $5.20.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is THG a good stock to buy right now?

Based on our AI fundamental analysis in May 2026, Hanover Insurance Group, Inc.. has a HOLD rating with 68% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is THG stock overvalued or undervalued?

Valuation metrics for THG: ROE of 5.2% (sector avg: 12%), net margin of 11.0% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.

Should I buy THG stock in 2026?

Our dual AI analysis gives Hanover Insurance Group, Inc.. a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is THG's free cash flow?

Hanover Insurance Group, Inc..'s operating cash flow is $118.8M, with capital expenditures of $3.5M. FCF margin is 6.8%.

How does THG compare to other Finance stocks?

Vs Finance sector averages: Net margin 11.0% (avg: 25%), ROE 5.2% (avg: 12%), current ratio N/A (avg: 1.2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 6, 2026 | Data as of: 2026-03-31 | Powered by Claude AI