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The Hanover Insurance Group THG Specialty Lines — Operating Income

Other segment segments

Personal Lines
$89.2M-5.3%
Core Commercial Lines
$74.8M+179%
All Other Segments
$2.2M+175%

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ORISpecialty Insurance Group — Segment underwriting income (loss)
$67.2M-46.7%

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:OperatingIncomeLoss.

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 specialty lines — operating income?
The Hanover Insurance Group (THG) reported specialty lines — operating income of $84M in Q1 2026.
How has The Hanover Insurance Group's specialty lines — operating income changed year-over-year?
The Hanover Insurance Group's specialty lines — operating income increased by 30.0% year-over-year, from $64.6M to $84M.
What is the long-term trend for The Hanover Insurance Group's specialty lines — operating income?
Over 4 years (2021 to 2025), The Hanover Insurance Group's specialty lines — operating income has grown at a 22.4% compound annual growth rate (CAGR), from $131.9M to $296.1M.
What does specialty lines — operating income mean?
This is the primary measure of a segment's total profitability, combining underwriting results with net investment income. It provides a comprehensive view of the segment's contribution to the overall company's bottom line. Investors use this to evaluate the segment's ability to generate sustainable earnings through both insurance operations and asset management.