Filing Flows › Hanover Insurance Group (THG) › Q2 2025
Hanover Insurance Group (THG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Hanover Insurance Group (THG) reported revenue of $1.7B for the second quarter 2025 (Q2 2025), +8% from a year earlier and +3% from the quarter before. Operating margin was 12.7%, net earnings $157M (9.5% of revenue).
Hanover Insurance Group, Q2 2025: revenue $1.7B (+8% year over year), operating margin 12.7%, net earnings $157M, operating cash flow $207M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +3% | +8% |
| Operating profit | $210M | +13% | +120% |
| Net earnings | $157M | +23% | +288% |
| Operating cash flow | $207M | +431% | +48% |
| Free cash flow | $205M | +452% | +49% |
What changed
Revenue was $1.7B in Q2 2025, up 8% year over year and up 3% from the previous quarter.
Operating profit was $0.21B, a 12.7% margin (up 6.5 points year over year). Of the extra revenue versus a year earlier, 97% reached operating profit, above the 6% margin then. Total costs grew 0% against revenue growth of 8%. Net earnings were $0.16B, up 288% year over year. The effective tax rate was 21.1%.
Operating cash flow was $0.21B (up 48% year over year), 132% of net earnings. Non-cash charges added back $0.01B of share-based compensation. Working capital and other items added $0.04B. Capital expenditures of $1.7M left free cash flow of $0.20B.
Questions
What was Hanover Insurance Group's revenue in the second quarter 2025?
Hanover Insurance Group (THG) reported revenue of $1.7B for the second quarter 2025 (Q2 2025), +8% from a year earlier and +3% from the quarter before.
Was Hanover Insurance Group profitable in the second quarter 2025?
Operating profit was $210M (12.7% of revenue) and net earnings $157M.