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Hanover Insurance Group vs Mercury General: THG and MCY compared
Hanover Insurance Group is the larger company: $1.7B of revenue in its latest quarter (Q3 2026) against $1.4B for Mercury General (Q3 2026). Hanover Insurance Group is growing faster (+4% against -13% a year earlier). Hanover Insurance Group is more profitable, with an operating margin of 14.1% against -1.7%.
Where the money goes: THG and MCY
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.
Mercury General (MCY) · Q3 2026
Mercury General, Q3 2026: revenue $1.4B (-13% year over year), operating margin -1.7%, net loss $13.7M, operating cash flow $387M. The chart follows the revenue to costs, profit and cash.
| Hanover Insurance Group (THG) | Mercury General (MCY) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.7B | $1.4B |
| Revenue growth, Y/Y | +4% | -13% |
| Operating margin | 14.1% | -1.7% |
| Net earnings | $173M | −$13.7M |
| Net margin | 9.9% | -1.0% |
| Operating cash flow | $520M | $387M |
| Free cash flow | $518M | $373M |
| Market value | $8.6B | $4.7B |
| P/E | 11.6× | 7.3× |
| Analysts’ mean target | $242.75 | $120.00 |
Questions
Which is bigger, Hanover Insurance Group or Mercury General?
Hanover Insurance Group is the larger company: $1.7B of revenue in its latest quarter (Q3 2026) against $1.4B for Mercury General (Q3 2026).
Is Hanover Insurance Group or Mercury General growing faster?
Hanover Insurance Group is growing faster (+4% against -13% a year earlier).
Which is more profitable, Hanover Insurance Group or Mercury General?
Hanover Insurance Group is more profitable, with an operating margin of 14.1% against -1.7%.
More: Hanover Insurance Group earnings · how Hanover Insurance Group makes money · Mercury General earnings · how Mercury General makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.