Filing Flows › Hanover Insurance Group (THG) › Q3 2026 › vs Q3 2025
Hanover Insurance Group (THG) Q3 2026 vs Q3 2025 (year over year)
Hanover Insurance Group's revenue rose $70.5M (+4%) from $1.7B in Q3 2025 to $1.7B in Q3 2026. Operating margin 14.1% against 14.9% (-0.8 pts).
Hanover Insurance Group, Q3 2026: revenue $1.7B (+4% year over year), operating margin 14.1%, net earnings $173M, operating cash flow $520M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 14.1% | 14.9% | -0.8 pts |
| Net margin | 9.9% | 10.7% | -0.8 pts |
| Free cash flow margin | 29.8% | 33.1% | -3.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.7B | $1.7B | $70.5M | +4% |
| Operating profit | $244M | $248M | −$3.3M | -1% |
| Costs & expenses | $1.5B | $1.4B | $73.8M | +5% |
| Pre-tax earnings | $220M | $227M | −$6.8M | -3% |
| Other expense, net | $24.1M | $20.6M | $3.5M | +17% |
| Net earnings | $173M | $179M | −$6.1M | -3% |
| Income tax | $48.0M | $48.5M | −$500K | -1% |
| Share-based compensation | $12.3M | $10.0M | $2.3M | +23% |
| Working capital & other | $335M | $366M | −$30.8M | -8% |
| Operating cash flow | $520M | $554M | −$34.6M | -6% |
| Free cash flow (OCF − capex) | $518M | $551M | −$33.4M | -6% |
| Capital expenditures | $1.8M | $3.0M | −$1.2M | -40% |
Questions
How much did Hanover Insurance Group's revenue grow year over year in Q3 2026?
Hanover Insurance Group's revenue rose $70.5M (+4%) from $1.7B in Q3 2025 to $1.7B in Q3 2026. Operating margin 14.1% against 14.9% (-0.8 pts).