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Axis Capital Holdings vs Hanover Insurance Group: AXS and THG compared
Axis Capital Holdings is the larger company: $1.8B of revenue in its latest quarter (Q3 2026) against $1.7B for Hanover Insurance Group (Q3 2026). Axis Capital Holdings is growing faster (+7% against +4% a year earlier). Axis Capital Holdings is more profitable, with an operating margin of 14.3% against 14.1%.
Where the money goes: AXS and THG
Axis Capital Holdings (AXS) · Q3 2026
Axis Capital Holdings, Q3 2026: revenue $1.8B (+7% year over year), operating margin 14.3%, net earnings $209M, operating cash flow $878M. The chart follows the revenue to costs, profit and cash.
Hanover Insurance Group (THG) · Q3 2026
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 follows the revenue to costs, profit and cash.
| Axis Capital Holdings (AXS) | Hanover Insurance Group (THG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.8B | $1.7B |
| Revenue growth, Y/Y | +7% | +4% |
| Operating margin | 14.3% | 14.1% |
| Net earnings | $209M | $173M |
| Net margin | 11.7% | 9.9% |
| Operating cash flow | $878M | $520M |
| Free cash flow | — | $518M |
| Market value | $7.8B | $8.6B |
| P/E | 8.1× | 11.6× |
| Analysts’ mean target | $120.64 | $242.75 |
Questions
Which is bigger, Axis Capital Holdings or Hanover Insurance Group?
Axis Capital Holdings is the larger company: $1.8B of revenue in its latest quarter (Q3 2026) against $1.7B for Hanover Insurance Group (Q3 2026).
Is Axis Capital Holdings or Hanover Insurance Group growing faster?
Axis Capital Holdings is growing faster (+7% against +4% a year earlier).
Which is more profitable, Axis Capital Holdings or Hanover Insurance Group?
Axis Capital Holdings is more profitable, with an operating margin of 14.3% against 14.1%.
More: Axis Capital Holdings earnings · how Axis Capital Holdings makes money · Hanover Insurance Group earnings · how Hanover Insurance Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.