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The Hanover Insurance Group THG Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

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$3.59B+1.3%
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AllstateALL
$6.07B+4.9%
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Kinsale Capital GroupKNSL
$119.17M+6.1%
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Axis Capital HoldersAXS
$933.8M+49.1%
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Old Republic InternationalORI
$659.1M+18.6%

Other financials

Income statement

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Revenue$1.7B+6.1%
Operating income$250.2M+34.2%
Net income$186.8M+45.7%
EPS (diluted)$5.20+48.6%

Balance sheet

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Cash & equivalents$243.5M-22.7%
Total debt$843.8M+7.6%
Total equity$3.6B+17.3%
Total assets$16.5B+6.8%

Cash flow

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Operating cash flow$118.8M+205%
CapEx$3.5M+94.4%
Free cash flow$115.3M+211%

Valuation

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Market cap$6.92B-2.7%
Enterprise value$7.53B-0.6%
P/E9.6×-6.6×
P/S-0.1×

Profitability

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Operating margin13.4%
Net margin10.8%+3.8pp
FCF margin18.7%+6.3pp

Returns & leverage

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Return on equity21.8%+6.0pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by The Hanover Insurance Group in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCosts.

The official record: The Hanover Insurance Group’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The Hanover Insurance Group's deferred policy acquisition costs?
The Hanover Insurance Group (THG) reported deferred policy acquisition costs of $690.8M in Q1 2026.
How has The Hanover Insurance Group's deferred policy acquisition costs changed year-over-year?
The Hanover Insurance Group's deferred policy acquisition costs increased by 5.2% year-over-year, from $656.9M to $690.8M.
What is the long-term trend for The Hanover Insurance Group's deferred policy acquisition costs?
Over 5 years (2020 to 2025), The Hanover Insurance Group's deferred policy acquisition costs has grown at a 8.0% compound annual growth rate (CAGR), from $477.5M to $703M.
What does deferred policy acquisition costs mean?
These are the incremental costs directly related to the successful acquisition of new or renewed insurance contracts, such as commissions and underwriting expenses, which are capitalized and amortized over the life of the policy. This accounting treatment aligns expenses with the period in which the related premium revenue is earned. It is a key indicator of the company's efficiency in managing growth and customer acquisition costs.