HANOVER INSURANCE GROUP, INC.
Company Stats
- Market Cap
- $7.5B
- as of Sep 30, 2026
- Enterprise Value
- $7.6B
- Shares Outstanding
- 34.8M
- Free Float
- 93.3%
Income Statement
- Revenue
- $6.6B
- Operating Income
- $933.0M
- Net Income
- $662.5M
- EBITDA
- $937.6M
- Revenue Growth, 3Y
- 6.4%
- FCF Margin, 3Y Avg
- 12.1%
- FCF Margin, Worst Year
- 5.8%
Cash Flow
- Free Cash Flow
- $1.2B
- FCF Yield
- 15.7%
- Owner FCF Yield
- 15.2%
Balance Sheet
- Cash & Equivalents
- $1.1B
- Total Debt
- $1.2B
- Net Debt
- $95.6M
- Net Debt / EBITDA
- 0.10x
- EV / EBITDA
- 8.05x
- Net Debt / EBIT
- 0.10x
Returns & Capital
- Dividends Paid
- $130.6M
- Dividend Yield
- 1.8%
- Dividend Payout, 3Y Avg
- 127.0%
- Share Repurchases
- $129.2M
- Buyback Yield, 3Y Avg
- 0.7%
- SBC, 3Y Avg
- $32.6M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $6.6B | $1.2B | 17.7% |
| FY2024 | $6.2B | $796.2M | 12.8% |
| FY2023 | $6.0B | $349.8M | 5.8% |
| FY2022 | $5.5B | $704.5M | 12.9% |
| FY2021 | $5.2B | $815.7M | 15.6% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 26, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges
Financial Services Earnings: Demand Strong, Costs Bite Back