US · USD
THG
The Hanover Insurance Group Inc
- Day's range
- $219.29 – $221.24
- Day's volume
- $2.3M
- 52-week range
- $165.10 – $232.83
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See how THG weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountTHG in numbers
- Market cap
- $7.7B
- P/E
- 10.10
- P/B
- 2.08
- Dividend yield (12m)
- 1.73%
- Net debt/EBITDA
- 0.56
The 12-month dividend yield of THG is 1.73%, below its 5-year average of 2.27%.
THG price history
THG risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +20.52% | +88.66% | +102.24% |
| Volatility (annualized) | 21.87% | 19.61% | 19.85% |
| Largest drawdown | -7.56% | -7.56% | -26.43% |
| Positive months | 5/12 | 20/36 | 33/60 |
How much did investing in THG return?
$1,000.00 invested on 11/01/2021 would be worth $2,022.38 today.
- Value today in THG
- $2,022.38
- Return over the period
- +102.24%
- Return per year
- +15.35%
- In the S&P 500
- $1,702.36
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
THG fundamentals
Valuation
- P/E10.10
- P/B2.08
- EV/EBITDA7.97
- EV/EBIT7.93
- EV/Revenue1.22
- P/EBIT7.37
- P/S1.13
- P/OCF6.06
- P/FCF6.11
- Earnings yield12.61%
- PEG ratio—
- Earnings per share$21.70
- Book value per share$105.47
Debt
- Net debt$577.9M
- Net debt/EBITDA0.56
- Net debt/Equity0.16
- Debt/Equity0.23
- Current ratio—
- Quick ratio—
- Cash ratio—
Efficiency
- Gross margin—
- EBITDA margin15.28%
- Operating margin15.36%
- Net margin11.17%
- Asset turnover0.40
Profitability
- ROE20.57%
- ROA4.48%
- ROIC19.06%
- Payout17.51%
Growth
- Revenue CAGR (5 years)5.72%
- Earnings CAGR (5 years)8.41%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is THG's fair price?
Two classic value formulas, with today's numbers. The current price is $219.26.
- Graham's fair price
- $226.93
- 3.50% above the price
√(22.50 × $21.70 × $105.47)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- $54.30
- 75.23% below the price
$3.26 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
THG's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 9.70 | 13.04 | 123.21 | 41.48 | 11.00 | 11.86 | 12.36 | 12.12 |
| P/B | 1.80 | 1.96 | 1.76 | 2.06 | 1.48 | 1.33 | 1.80 | 1.60 |
| EV/EBITDA | 7.02 | 9.06 | 43.04 | 16.15 | 10.35 | 8.46 | 11.98 | 10.43 |
| Dividend yield | 2.00% | 2.23% | 2.70% | 2.26% | 2.17% | 2.27% | 7.10% | 1.90% |
| Earnings per share | $18.85 | $11.86 | $0.99 | $3.26 | $11.92 | $9.86 | $11.06 | $9.64 |
| Book value per share | $101.61 | $79.10 | $68.83 | $65.54 | $88.39 | $88.00 | $75.85 | $72.82 |
| ROE | 18.55% | 14.99% | 1.43% | 4.97% | 13.48% | 11.20% | 14.58% | 13.23% |
| ROIC | 19.92% | 16.11% | 2.93% | 9.91% | 11.11% | 12.32% | 11.11% | 12.68% |
| EBITDA margin | 14.08% | 10.45% | 1.87% | 5.45% | 8.59% | 10.42% | 9.72% | 9.59% |
| Net margin | 10.05% | 6.83% | 0.59% | 2.12% | 8.09% | 7.43% | 8.69% | 8.70% |
| Net debt/EBITDA | 0.10 | 0.53 | 4.17 | — | — | — | 0.92 | -0.56 |
THG's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $6.6B | $6.2B | $6B | $5.5B | $5.2B | $4.8B |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| EBITDA | $928.4M | $651.6M | $111.9M | $298M | $449.2M | $502.9M |
| EBIT | $933M | $650.1M | $105.6M | $285.1M | $432.3M | $484.7M |
| Financial result | — | — | — | — | — | — |
| Income before tax | $843.8M | $537.8M | $41.1M | $144M | $521.3M | $444.8M |
| Income tax | -$183.1M | -$112.5M | -$7.6M | -$27.2M | -$101.3M | -$82.8M |
| Net income | $662.5M | $426M | $35.3M | $116M | $422.8M | $358.7M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does THG pay dividends?
Dividend yield per year
- 1.89%2017
- 1.90%2018
- 7.10%2019
- 2.27%2020
- 2.17%2021
- 2.26%2022
- 2.70%2023
- 2.23%2024
- 2.00%2025
- 1.30%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 09/10/2026 | 09/25/2026 | $0.95 |
| Dividend | 06/11/2026 | 06/26/2026 | $0.95 |
| Dividend | 03/12/2026 | 03/27/2026 | $0.95 |
| Dividend | 12/11/2025 | 12/26/2025 | $0.95 |
| Dividend | 09/11/2025 | 09/26/2025 | $0.90 |
| Dividend | 06/12/2025 | 06/27/2025 | $0.90 |
| Dividend | 03/13/2025 | 03/28/2025 | $0.90 |
| Dividend | 12/12/2024 | 12/27/2024 | $0.90 |
| Dividend | 09/12/2024 | 09/27/2024 | $0.85 |
| Dividend | 06/13/2024 | 06/28/2024 | $0.85 |
| Dividend | 03/13/2024 | 03/29/2024 | $0.85 |
| Dividend | 12/13/2023 | 12/29/2023 | $0.85 |
See all 41 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 09/13/2023 | 09/29/2023 | $0.81 |
| Dividend | 06/14/2023 | 06/30/2023 | $0.81 |
| Dividend | 03/13/2023 | 03/31/2023 | $0.81 |
| Dividend | 12/13/2022 | 12/30/2022 | $0.81 |
| Dividend | 09/14/2022 | 09/30/2022 | $0.75 |
| Dividend | 06/08/2022 | 06/24/2022 | $0.75 |
| Dividend | 03/09/2022 | 03/25/2022 | $0.75 |
| Dividend | 12/14/2021 | 12/30/2021 | $0.75 |
| Dividend | 09/08/2021 | 09/24/2021 | $0.70 |
| Dividend | 06/09/2021 | 06/25/2021 | $0.70 |
| Dividend | 03/10/2021 | 03/26/2021 | $0.70 |
| Dividend | 12/16/2020 | 12/30/2020 | $0.70 |
| Dividend | 09/09/2020 | 09/25/2020 | $0.65 |
| Dividend | 06/10/2020 | 06/26/2020 | $0.65 |
| Dividend | 03/11/2020 | 03/27/2020 | $0.65 |
| Dividend | 12/12/2019 | 12/27/2019 | $3.15 |
| Dividend | 09/11/2019 | 09/27/2019 | $0.60 |
| Dividend | 06/06/2019 | 06/28/2019 | $0.60 |
| Dividend | 03/13/2019 | 03/29/2019 | $0.60 |
| Dividend | 01/08/2019 | 01/25/2019 | $4.75 |
| Dividend | 12/13/2018 | 12/28/2018 | $0.60 |
| Dividend | 09/12/2018 | 09/28/2018 | $0.54 |
| Dividend | 06/06/2018 | 06/29/2018 | $0.54 |
| Dividend | 03/07/2018 | 03/29/2018 | $0.54 |
| Dividend | 12/13/2017 | 12/29/2017 | $0.54 |
| Dividend | 09/13/2017 | 09/29/2017 | $0.50 |
| Dividend | 06/06/2017 | 06/30/2017 | $0.50 |
| Dividend | 03/07/2017 | 03/31/2017 | $0.50 |
| Dividend | 12/13/2016 | 12/30/2016 | $0.50 |
About The Hanover Insurance Group
- Sector
- Finance, insurance and real estate
Questions about THG
How much is THG today?
THG is at $219.26 (-0.35% on the day), last traded on 10/07/2026.
How much did THG pay in dividends in 2025?
THG paid $3.65 per share in 2025, a dividend yield of 2.00%.
What are the P/E and P/B of THG?
THG trades at a P/E of 10.10 and a P/B of 2.08.
How much did THG return in 12 months?
THG returned 20.52% in 12 months, with annualized volatility of 21.87% and a largest drawdown of -7.56%.