First American Financial vs Hanover Insurance Group
First American Financial and Hanover Insurance Group are similar in size: $7.45bn and $6.59bn of revenue in their latest fiscal years. First American Financial grew faster (21.6% against 5.7%). Hanover Insurance Group kept more of each dollar of sales as profit: a net margin of 10.0% against 8.3%. First American Financial carries less debt relative to equity (28.1% against 34.1%).
| Latest fiscal year | First American FinancialFAF, 2025 | Hanover Insurance GroupTHG, 2025 |
|---|---|---|
| Revenue | $7.45bn | $6.59bn |
| Revenue growth | 21.6% | 5.7% |
| Net income | $622m | $663m |
| Operating margin | — | 14.1% |
| Net margin | 8.3% | 10.0% |
| Return on equity | 11.9% | 20.7% |
| Free cash flow | $763m | $1.17bn |
| Cash | $1.39bn | $1.12bn |
| Total debt | $1.55bn | $1.22bn |
| Debt to equity | 28.1% | 34.1% |
| Dividend per share | $2.18 | — |
| Dividend yield | 2.5% | 1.5% |
| Share buybacks | $122m | $129m |
| Employees | 19,102 | 4,900 |
| Market value | $6.64bn | $8.82bn |
| Price vs our value range | — | — |
| Moat score | 67 (Moderate) | 60 (Moderate) |
| Insider trades, 12 months | 3 buys, 4 sales | 0 buys, 30 sales |