Filing Flows › Hanover Insurance Group (THG) › How it makes money
How Hanover Insurance Group (THG) makes money
Hanover Insurance Group (THG) made $1.7B of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Of every dollar of revenue, 14¢ was left as operating profit, 10¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.7B | 100.0% |
| Operating profit | $244M | 14.1% |
| Income tax | $48.0M | 2.8% |
| Net earnings | $173M | 9.9% |
| Operating cash flow | $520M | 30.0% |
| Free cash flow | $518M | 29.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.7B | +4% |
| Q2 2026 | $1.7B | +4% |
| Q1 2026 | $1.7B | +6% |
| Q4 2025 | $1.7B | +6% |
| Q3 2025 | $1.7B | +6% |
| Q2 2025 | $1.7B | +8% |
| Q1 2025 | $1.6B | +3% |
From Hanover Insurance Group's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Hanover Insurance Group make money?
Hanover Insurance Group (THG) made $1.7B of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Of every dollar of revenue, 14¢ was left as operating profit, 10¢ was left as net earnings.
What is Hanover Insurance Group's profit margin?
Net earnings were $173M, 9.9% of revenue, in the third quarter 2026; the operating margin was 14.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.