The Hanover Insurance Group, Inc. (THG) Stock

The Hanover Insurance Group, Inc. (THG) is a Financials stock trading at $223.23 (as of 2026-08-21), with a market capitalization of $7.81B and a trailing P/E of 10.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

The Hanover Insurance Group, Inc. provides property and casualty insurance and related services in the United States through Commercial Lines and Personal Lines segments, offering coverage such as commercial multiple peril, commercial auto, workers’ compensation, and homeowners and personal automobile. Its Other segment provides investment management services to institutions, pension funds, and similar organizations, and it markets products via independent agents and brokers.

Understand The Hanover Insurance Group, Inc.: how it makes money

The Hanover Insurance Group provides property and casualty insurance products and services in the United States, generating revenue through its Commercial Lines, Personal Lines, and Other insurance segments.

Its profit drivers are tied to how its insurance product mix performs across Commercial Lines and Personal Lines, with a smaller contribution from Other.

Business quality (Mixed): Clear segment structure (Commercial Lines, Personal Lines, Other), but the provided facts do not include segment-level revenue, limiting how precisely investors can assess what is driving results.

Valuation: At 11× earnings, THG trades 16% below the Insurance average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Diverse insurance offerings within each segment: Commercial Lines spans multiple coverage types (for example, commercial multiple peril, commercial automobile, workers' compensation, management and professional liability, and more), and Personal Lines focuses on personal insurance products.
  • Focused segment organization: The company reports in three segments, Commercial Lines, Personal Lines, and Other, which helps separate results by customer and product focus.

Bear case

  • Limited disclosed operating detail in the provided data: The facts provided do not include segment-level revenue, so it is harder to tell which segment is most responsible for operating results.
  • Evidence of business exit: The provided segment revenue candidate for House of Worship Cloud Revenue (Exited Vertical Impact) is 0.0B, which can indicate the company exited or shut down that vertical.
Valuation — source: SEC EDGAR (first-party)
Price$223.23
Market Cap$7.81B
P/E Ratio10.3
EV / EBITDA8.1
Price / Book2.13
Price / Sales1.15
FCF Yield16.0%
DCF Value (model)$406.36
DCF Upside vs Price82.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$6.59B
Net Margin10.0%
Revenue Growth (YoY)4.3%
EPS Growth (YoY)25.4%
FCF Growth (YoY)2.2%
Valuation vs Sector & Industry
Stock P/E10.3
Sector P/E (Financials)15.1
Industry P/E (Insurance)13.0
vs Sector-31.5%
vs Industry-20.7%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($668.98M)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorFinancials
IndustryInsurance
CEOJohn Conner Roche
Employees4,900
CountryUS
IPO Date1995-10-11

Related Companies (Business model: Property & Casualty Insurer; 8 closest by market cap; US-domiciled)

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THG earnings history · THG institutional & insider holders · THG KPIs & operating metrics · THG financials · THG investor presentations & press releases · THG SEC filings · THG peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.