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The Hanover Insurance Group THG Reinsurance recoverables

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Segments

By product

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Michigan Catastrophic Claims Association$829.2M-4.7%

Other financials

Income statement

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Revenue$1.7B+4.3%
Operating income$251.9M+20.0%
Net income$191.6M+22.0%
EPS (diluted)$5.38+25.1%

Balance sheet

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Cash & equivalents$266.1M+9.0%
Total debt$844.0M+7.6%
Total equity$3.7B+14.2%
Total assets$16.9B+7.2%

Cash flow

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Operating cash flow$212.3M+2.8%
CapEx$2.9M+70.6%
Free cash flow$209.4M+2.2%

Valuation

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Market cap$8.06B+29.8%
Enterprise value$8.64B+28.0%
P/E10.7×-0.5×
P/S1.2×+0.2×

Profitability

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Operating margin14.2%
Net margin11.2%+2.5pp
FCF margin18.5%+5.3pp

Returns & leverage

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Return on equity21.9%+2.7pp
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:ReinsuranceRecoverables.

The source filing: The Hanover Insurance Group’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 5:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000944695-26-000014
(In millions, except share data)June 30, 2026December 31, 2025
Cash and cash equivalents266.11,122.7
Accrued investment income88.080.1
Premiums and accounts receivable, net1,950.11,861.3
Reinsurance recoverable on paid and unpaid losses and unearned premiums2,078.92,011.1
Deferred acquisition costs716.2703.0
Deferred income tax asset108.783.3
Goodwill178.8178.8
Other assets490.5439.3

ITEM 1 - FINANCIAL STATEMENTS

FAQ

What is The Hanover Insurance Group's reinsurance recoverables?
The Hanover Insurance Group (THG) reported reinsurance recoverables of $2.08B in Q2 2026.
How has The Hanover Insurance Group's reinsurance recoverables changed year-over-year?
The Hanover Insurance Group's reinsurance recoverables increased by 5.1% year-over-year, from $1.98B to $2.08B.
What is the long-term trend for The Hanover Insurance Group's reinsurance recoverables?
Over 5 years (2020 to 2025), The Hanover Insurance Group's reinsurance recoverables has grown at a 1.4% compound annual growth rate (CAGR), from $1.87B to $2.01B.
What does reinsurance recoverables mean?
This represents the portion of insurance claims and reserves that the company expects to collect from its reinsurers. It is a critical asset for insurance companies as it mitigates the financial impact of large losses by transferring risk to third-party partners. High levels of recoverables indicate significant risk transfer, though they also introduce counterparty credit risk.

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