Hanover Insurance Group (THG)$195.13

Market Cap: 6.05 BCurrency: USD

Research Snapshot

Static fundamentals, valuation context, and investor signals for Hanover Insurance Group (THG).

FINANCIAL

INSURANCE - PROPERTY & CASUALTY

DCF ready

Valuation

4.9x

EV/FCF, 20.3% FCF yield

Quality

15.0%

ROIC, 17.7% FCF margin

Growth

6.4%

5Y sales (revenue) CAGR

Balance sheet

0.2x

Debt/equity, N/A current ratio

Superinvestors

Top: Thomas Gayner (0.4%)

Strengths to research

Free cash flow compounded at 11.1% over five years.
Return on equity is strong at 18.5%.
Free cash flow margin is healthy at 17.7%.
Debt/equity looks manageable at 0.2x.

Watchouts

No major valuation, balance sheet, or growth watchouts were detected by the static screen.

Annual data: 10 periods

Quarterly data: 24 periods

Stock snapshot: May 25, 2026

Static dataset: May 25, 2026

Quality Scorecard

Build-time composite score for THG.

Grade B

/ 100

Peer Comparison

Target stock against 8 market-cap comparable peers.

Heat map: red worst to green best


THG Target	Hanover Insurance Group	$6.0B	10.7x	4.9x	15.0%	6.4%	17.7%	N/A	-0.3x	N/A
RLI	RLI Corp.	$6.8B	12.0x	11.1x	22.7%	13.9%	32.3%	N/A	N/A	N/A
KMPR	Kemper Corp.	$3.9B	13.0x	8.5x	4.0%	-1.7%	11.6%	N/A	N/A	N/A
ORI	Old Republic International	$9.4B	10.6x	7.9x	15.8%	5.0%	12.7%	N/A	N/A	N/A
AIZ	Assurant, Inc.	$10.0B	15.1x	5.1x	14.9%	6.0%	12.5%	N/A	N/A	N/A
KNSL	Kinsale Capital Group Inc.	$10.6B	14.3x	10.8x	23.1%	32.4%	52.8%	N/A	N/A	N/A
MCY	Mercury General Corp.	$3.2B	10.3x	2.4x	18.1%	9.6%	17.2%	N/A	N/A	N/A
HGTY	Hagerty Inc.	$3.0B	N/A	15.8x	37.4%	19.4%	28.7%	N/A	N/A	N/A
CNA	CNA Financial Corp.	$12.9B	9.4x	6.4x	8.8%	4.7%	152.4%	N/A	N/A	N/A

Financial Charts

No financial data available for THG (annual).

1 superinvestors own THG

Current quarter ownership and quarter-over-quarter share changes.

Superinvestor ownership

Fund	Shares	Value	% Portfolio	QoQ Change
Thomas Gayner Markel Group	281,000	$49M	0.41%	0.0%