Hanover Insurance Group, Inc. income statement
In fiscal 2025, Hanover Insurance Group, Inc. reported revenue of $6.59bn, up 5.7% on the year before, operating income of $933m (a 14.1% margin) and net income of $663m, or $18.16 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,834 | 3,152 | 3,932 | 4,591 | 4,794 | 5,068 | 5,034 | 4,054 | 4,268 | 4,494 | 4,891 | 4,825 | 5,228 | 5,469 | 5,994 | 6,237 | 6,594 | 6,835 |
| Operating income | — | 222 | 72 | 75 | 393 | 406 | 466 | 193 | 327 | 407 | 454 | 485 | 432 | 285 | 106 | 650 | 933 | 1,036 |
| Interest expense | 36 | 44 | 55 | 62 | 65 | 66 | 61 | 51 | 45 | 45 | 38 | 37 | 34 | 34 | 34 | 34 | 43 | 45 |
| Income before tax | 235 | 178 | 17 | 13 | 328 | 341 | 439 | 66 | 293 | 283 | 522 | 445 | 521 | 144 | 41 | 538 | 844 | 960 |
| Income tax | 83 | 56 | −10 | −17 | 83 | 96 | 109 | −1 | 77 | 44 | 93 | 83 | 101 | 27 | 8 | 113 | 183 | 212 |
| Net income | 197 | 151 | 37 | 56 | 251 | 282 | 332 | 155 | 186 | 391 | 425 | 359 | 423 | 116 | 35 | 426 | 663 | 750 |
| Diluted EPS | $3.86 | $3.27 | $0.80 | $1.23 | $5.59 | $6.28 | $7.40 | $3.59 | $4.33 | $9.09 | $10.46 | $9.42 | $11.60 | $3.21 | $0.98 | $11.70 | $18.16 | $20.89 |
| Diluted shares (average) | 51m | 46m | 46m | 45m | 45m | 45m | 45m | 43m | 43m | 43m | 41m | 38m | 36m | 36m | 36m | 36m | 37m | 36m |
| EBITDA | — | 239 | 99 | 111 | 428 | 440 | 496 | 224 | 357 | 431 | 475 | 503 | 449 | 298 | 112 | 652 | 928 | 1,029 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,584 | 1,603 | 1,654 | 1,665 | 1,672 | 1,701 | 1,726 | 1,736 |
| Operating income | 254 | 186 | 210 | 248 | 289 | 250 | 252 | 244 |
| Interest expense | 9 | 9 | 9 | 12 | 15 | 11 | 10 | 10 |
| Income before tax | 212 | 160 | 199 | 227 | 258 | 237 | 245 | 220 |
| Income tax | 44 | 32 | 42 | 49 | 61 | 50 | 53 | 48 |
| Net income | 168 | 128 | 157 | 179 | 199 | 187 | 192 | 173 |
| Diluted EPS | $4.60 | $3.50 | $4.30 | $4.90 | $5.46 | $5.20 | $5.38 | $4.86 |
| EBITDA | 254 | 185 | 209 | 247 | 288 | 248 | 251 | 242 |
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