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The Hanover Insurance Group THG Reinsurance recoverables

Reinsurance recoverables at other companies

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ProgressivePGR
$4B-10.0%
The Travelers Companies logo
The Travelers CompaniesTRV
$7.99B-1.4%
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Kinsale Capital GroupKNSL
$413.24M+10.5%
American Financial Group logo
American Financial GroupAFG
$5.3B+7.2%
The Hartford Financial Services Group logo
The Hartford Financial Services GroupHIG
$7.08B-1.5%
CNA Financial logo
CNA FinancialCNA

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+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:ReinsuranceRecoverables.

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 reinsurance recoverables?
The Hanover Insurance Group (THG) reported reinsurance recoverables of $2.05B in Q1 2026.
How has The Hanover Insurance Group's reinsurance recoverables changed year-over-year?
The Hanover Insurance Group's reinsurance recoverables increased by 0.9% year-over-year, from $2.03B to $2.05B.
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.