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The Hanover Insurance Group THG Core Commercial Lines — Catastrophe Losses

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PGRUnderwriting operations — Catastrophe losses
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LTotal property & casualty operations — Loss from catastrophes
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13.8%-0.2pp

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 thg:CatastropheLosses.

The official record: The Hanover Insurance Group’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The Hanover Insurance Group's core commercial lines — catastrophe losses?
The Hanover Insurance Group (THG) reported core commercial lines — catastrophe losses of $31.1M in Q4 2025.
How has The Hanover Insurance Group's core commercial lines — catastrophe losses changed year-over-year?
The Hanover Insurance Group's core commercial lines — catastrophe losses increased by 13.6% year-over-year, from $27.38M to $31.1M.
What is the long-term trend for The Hanover Insurance Group's core commercial lines — catastrophe losses?
Over 3 years (2022 to 2025), The Hanover Insurance Group's core commercial lines — catastrophe losses has grown at a -16.1% compound annual growth rate (CAGR), from $211M to $124.4M.
What does core commercial lines — catastrophe losses mean?
This represents the financial impact of large-scale, unpredictable events such as natural disasters on the commercial lines segment's underwriting results. It measures the volatility of the segment's exposure to catastrophic risks. Tracking this helps investors assess the effectiveness of the company's catastrophe risk management and reinsurance programs.