Filing Flows › Hanover Insurance Group (THG) › Q1 2025
Hanover Insurance Group (THG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Hanover Insurance Group (THG) reported revenue of $1.6B for the first quarter 2025 (Q1 2025), +3% from a year earlier and +1% from the quarter before. Operating margin was 11.6%, net earnings $128M (8.0% of revenue).
Hanover Insurance Group, Q1 2025: revenue $1.6B (+3% year over year), operating margin 11.6%, net earnings $128M, operating cash flow $38.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +1% | +3% |
| Operating profit | $186M | -27% | +25% |
| Net earnings | $128M | -24% | +11% |
| Operating cash flow | $38.9M | -82% | -34% |
| Free cash flow | $37.1M | -82% | -34% |
What changed
Revenue was $1.6B in Q1 2025, up 3% year over year and up 1% from the previous quarter.
Operating profit was $0.19B, a 11.6% margin (up 2.0 points year over year). Of the extra revenue versus a year earlier, 70% reached operating profit, above the 10% margin then. Total costs grew 1% against revenue growth of 3%. Net earnings were $0.13B, up 11% year over year. The effective tax rate was 19.9%.
Operating cash flow was $0.04B (down 34% year over year), 30% of net earnings. Non-cash charges added back $0.01B of share-based compensation. Working capital and other items used $0.10B. Capital expenditures of $1.8M left free cash flow of $0.04B.
Questions
What was Hanover Insurance Group's revenue in the first quarter 2025?
Hanover Insurance Group (THG) reported revenue of $1.6B for the first quarter 2025 (Q1 2025), +3% from a year earlier and +1% from the quarter before.
Was Hanover Insurance Group profitable in the first quarter 2025?
Operating profit was $186M (11.6% of revenue) and net earnings $128M.