Filing Flows › Hanover Insurance Group (THG) › Q3 2025
Hanover Insurance Group (THG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Hanover Insurance Group (THG) reported revenue of $1.7B for the third quarter 2025 (Q3 2025), +6% from a year earlier and +0.6% from the quarter before. Operating margin was 14.9%, net earnings $179M (10.7% of revenue).
Hanover Insurance Group, Q3 2025: revenue $1.7B (+6% year over year), operating margin 14.9%, net earnings $179M, operating cash flow $554M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +0.6% | +6% |
| Operating profit | $248M | +18% | +64% |
| Net earnings | $179M | +14% | +75% |
| Operating cash flow | $554M | +168% | +40% |
| Free cash flow | $551M | +169% | +41% |
What changed
Revenue was $1.7B in Q3 2025, up 6% year over year and up 1% from the previous quarter.
Operating profit was $0.25B, a 14.9% margin (up 5.3 points year over year). Of the extra revenue versus a year earlier, 97% reached operating profit, above the 10% margin then. Total costs grew 0% against revenue growth of 6%. Net earnings were $0.18B, up 75% year over year. The effective tax rate was 21.4%.
Operating cash flow was $0.55B (up 40% year over year), 310% of net earnings. Non-cash charges added back $0.01B of share-based compensation. Working capital and other items added $0.37B. Capital expenditures of $3.0M left free cash flow of $0.55B.
Questions
What was Hanover Insurance Group's revenue in the third quarter 2025?
Hanover Insurance Group (THG) reported revenue of $1.7B for the third quarter 2025 (Q3 2025), +6% from a year earlier and +0.6% from the quarter before.
Was Hanover Insurance Group profitable in the third quarter 2025?
Operating profit was $248M (14.9% of revenue) and net earnings $179M.