HANOVER INSURANCE GROUP, INC. (THG) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	6.8B	6.6B	6.2B	6.0B	5.4B
Cost of Revenue	3.8B	3.7B	5.0B	5.3B	4.7B
Gross Profit	3.0B	2.9B	1.2B	652.9M	716.3M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	1.5B	—	—	—	—
General & Admin Expense	1.2B	—	—	—	—
Selling & Marketing Expense	344.1M	—	—	—	—
Other Expenses	555.3M	2.0B	699.9M	611.8M	572.3M
Total Operating Expenses	2.1B	2.0B	699.9M	611.8M	572.3M
Cost and Expenses	5.9B	5.8B	5.7B	5.9B	5.3B
Operating Income (EBIT)	959.8M	843.8M	537.8M	41.1M	144.0M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	45.4M	43.2M	34.1M	34.1M	34.1M
Net Interest Income	(45.4M)	(43.2M)	(34.1M)	(34.1M)	(34.1M)
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	(45.4M)	(43.2M)	(34.1M)	(34.1M)	(34.1M)
EBT (Pre-Tax Income)	959.8M	843.8M	537.8M	41.1M	144.0M
Income Tax Expense	212.3M	183.1M	112.5M	7.6M	27.2M
Bottom Line
Net Income	749.5M	662.5M	426.0M	35.3M	116.0M
Earnings from Cont. Ops	747.5M	660.7M	425.3M	33.5M	116.8M
Earnings from Discont. Ops	2.0M	1.8M	700.0K	1.8M	(800.0K)
Bottom Line Net Income	749.5M	660.7M	426.0M	35.3M	116.0M
Per Share
Basic EPS	$21.22	$18.51	$11.85	$0.98	$3.21
Diluted EPS	$20.76	$18.51	$11.70	$0.98	$3.21
Revenue Per Share	$196.41	$184.80	$173.17	$167.04	$151.28
Shares
Basic Shares Outstanding	34.8M	35.7M	35.9M	35.7M	35.9M
Diluted Shares Outstanding	35.5M	35.7M	36.4M	36.1M	36.1M
Profitability Metrics
EBITDA	998.8M	882.4M	573.4M	81.5M	191.0M
D&A	(6.4M)	(4.6M)	1.5M	6.3M	12.9M
EBIT	1.0B	887.0M	571.9M	75.2M	178.1M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026