Selective Insurance Group vs Hanover Insurance Group
Hanover Insurance Group is the larger business, with $6.59bn of revenue in fiscal 2025 against $5.34bn for Selective Insurance Group (1.2 times as much). Selective Insurance Group grew faster (9.8% against 5.7%). Hanover Insurance Group kept more of each dollar of sales as profit: a net margin of 10.0% against 8.7%. Selective Insurance Group carries less debt relative to equity (25.0% against 34.1%).
| Latest fiscal year | Selective Insurance GroupSIGI, 2025 | Hanover Insurance GroupTHG, 2025 |
|---|---|---|
| Revenue | $5.34bn | $6.59bn |
| Revenue growth | 9.8% | 5.7% |
| Net income | $466m | $663m |
| Operating margin | — | 14.1% |
| Net margin | 8.7% | 10.0% |
| Return on equity | 13.9% | 20.7% |
| Free cash flow | $1.19bn | $1.17bn |
| Cash | $18.0m | $1.12bn |
| Total debt | $902m | $1.22bn |
| Debt to equity | 25.0% | 34.1% |
| Dividend per share | $1.57 | — |
| Dividend yield | 1.7% | 1.5% |
| Share buybacks | $92.6m | $129m |
| Employees | 2,800 | 4,900 |
| Market value | $6.01bn | $8.82bn |
| Price vs our value range | — | — |
| Moat score | — | 60 (Moderate) |
| Insider trades, 12 months | 1 buys, 3 sales | 0 buys, 30 sales |