Hanover Insurance Group (THG) Revenue & Revenue Breakdown

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Hanover Insurance Group Revenue Highlights

Latest Revenue (Y)

$6.01B

Latest Revenue (Q)

$1.57B

Main Segment (Y)

Personal Lines Segment

Hanover Insurance Group Revenue by Period

Hanover Insurance Group Revenue by Year

Date	Revenue	Change
2023-12-31	$6.01B	9.93%
2022-12-31	$5.47B	4.61%
2021-12-31	$5.23B	8.30%
2020-12-31	$4.83B	-1.30%
2019-12-31	$4.89B	8.82%
2018-12-31	$4.49B	-13.31%
2017-12-31	$5.18B	4.82%
2016-12-31	$4.95B	-1.75%
2015-12-31	$5.03B	-0.66%
2014-12-31	$5.07B	5.71%
2013-12-31	$4.79B	4.42%
2012-12-31	$4.59B	16.76%
2011-12-31	$3.93B	24.73%
2010-12-31	$3.15B	11.22%
2009-12-31	$2.83B	5.73%
2008-12-31	$2.68B	-3.82%
2007-12-31	$2.79B	5.40%
2006-12-31	$2.64B	0.75%
2005-12-31	$2.62B	-15.64%
2004-12-31	$3.11B	-4.68%
2003-12-31	$3.26B	-1.60%
2002-12-31	$3.32B	0.14%
2001-12-31	$3.31B	7.25%
2000-12-31	$3.09B	-1.82%
1999-12-31	$3.15B	-8.37%
1998-12-31	$3.43B	1.09%
1997-12-31	$3.40B	3.69%
1996-12-31	$3.27B	1.11%
1995-12-31	$3.24B	-

Hanover Insurance Group generated $6.01B in revenue during NA 2023, up 9.93% compared to the previous quarter, and up 133.76% compared to the same period a year ago.

Hanover Insurance Group Revenue by Quarter

Date	Revenue	Change
2024-09-30	$1.57B	1.86%
2024-06-30	$1.54B	-0.93%
2024-03-31	$1.55B	1.36%
2023-12-31	$1.53B	0.90%
2023-09-30	$1.52B	0.81%
2023-06-30	$1.50B	4.20%
2023-03-31	$1.44B	-2.37%
2022-12-31	$1.48B	8.23%
2022-09-30	$1.37B	5.68%
2022-06-30	$1.29B	8405.92%
2022-03-31	$15.20M	-98.90%
2021-12-31	$1.38B	8.00%
2021-09-30	$1.28B	-1.31%
2021-06-30	$1.29B	0.79%
2021-03-31	$1.28B	-1.06%
2020-12-31	$1.30B	3.78%
2020-09-30	$1.25B	2.08%
2020-06-30	$1.22B	15.92%
2020-03-31	$1.06B	-16.03%
2019-12-31	$1.26B	3.56%
2019-09-30	$1.21B	1.34%
2019-06-30	$1.20B	-1.71%
2019-03-31	$1.22B	10.58%
2018-12-31	$1.10B	-5.47%
2018-09-30	$1.17B	-14.40%
2018-06-30	$1.36B	2.40%
2018-03-31	$1.33B	-0.10%
2017-12-31	$1.33B	0.53%
2017-09-30	$1.33B	4.67%
2017-06-30	$1.27B	0.41%
2017-03-31	$1.26B	0.47%
2016-12-31	$1.25B	1.11%
2016-09-30	$1.24B	1.57%
2016-06-30	$1.22B	-0.46%
2016-03-31	$1.23B	1.90%
2015-12-31	$1.20B	-2.33%
2015-09-30	$1.23B	-4.90%
2015-06-30	$1.30B	-0.12%
2015-03-31	$1.30B	1.06%
2014-12-31	$1.29B	1.54%
2014-09-30	$1.27B	-0.58%
2014-06-30	$1.27B	2.34%
2014-03-31	$1.24B	1.21%
2013-12-31	$1.23B	2.26%
2013-09-30	$1.20B	1.62%
2013-06-30	$1.18B	0.19%
2013-03-31	$1.18B	-0.31%
2012-12-31	$1.18B	2.27%
2012-09-30	$1.16B	2.71%
2012-06-30	$1.13B	0.48%
2012-03-31	$1.12B	-1.24%
2011-12-31	$1.14B	2.52%
2011-09-30	$1.11B	29.76%
2011-06-30	$853.90M	2.41%
2011-03-31	$833.80M	0.06%
2010-12-31	$833.30M	3.64%
2010-09-30	$804.00M	4.65%
2010-06-30	$768.30M	2.91%
2010-03-31	$746.60M	2.23%
2009-12-31	$730.30M	3.08%
2009-09-30	$708.50M	1.74%
2009-06-30	$696.40M	-0.36%
2009-03-31	$698.90M	5.35%
2008-12-31	$663.40M	3.32%
2008-09-30	$642.10M	-6.26%
2008-06-30	$685.00M	-4.52%
2008-03-31	$717.40M	2.16%
2007-12-31	$702.20M	-

Hanover Insurance Group generated $1.57B in revenue during Q3 2024, up 1.86% compared to the previous quarter, and up 104.05% compared to the same period a year ago.

Hanover Insurance Group Revenue Breakdown

Hanover Insurance Group Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Specialty Lines Segment	$1.35B	$1.19B	-	-	-
Core Commercial Lines Segment	$2.22B	$1.95B	-	-	-
Other Segments	$15.40M	-	-	-	-
Personal Lines Segment	$2.44B	$2.11B	$1.93B	$1.84B	$1.82B
Commercial Lines Segment	-	-	$2.84B	$2.68B	$2.65B
All Other Segments	-	-	-	-	$26.00M

Hanover Insurance Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Personal Lines Segment (40.53%), Core Commercial Lines Segment (36.79%), Specialty Lines Segment (22.43%), and Other Segments (0.26%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Other Operating Segment	$2.50M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Core Commercial Lines Segment	$576.60M	$580.00M	$571.00M	$558.60M	$557.10M	$556.40M	$544.70M	$538.90M	$527.10M	$513.60M	$511.10M	-	-	-	-	-	-	-	-	-
Specialty Lines Segment	$353.70M	$352.80M	$342.50M	$340.10M	$340.90M	$340.20M	$330.50M	$325.50M	$319.90M	$309.80M	$301.30M	-	-	-	-	-	-	-	-	-
Personal Lines Segment	$644.90M	$635.20M	$628.40M	$627.00M	$620.50M	$606.80M	$587.80M	$578.30M	$560.50M	$544.20M	$530.70M	$522.20M	$512.60M	$500.40M	$493.30M	$493.30M	$493.30M	$456.30M	$488.50M	$488.70M
Other Segments	-	$3.20M	$3.70M	$3.80M	$4.20M	$3.70M	$3.70M	$3.80M	$3.70M	$3.20M	-	-	-	-	-	-	-	-	-	-
All Other Segments	-	-	-	-	-	-	-	-	-	-	$3.50M	$4.00M	$4.30M	$3.90M	$4.20M	$4.60M	$5.50M	$5.40M	$4.60M	$5.60M
Commercial Lines Segment	-	-	-	-	-	-	-	-	-	-	-	$798.10M	$755.50M	$758.00M	$748.30M	$733.90M	$713.30M	$698.90M	$724.70M	$729.30M

Hanover Insurance Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Personal Lines Segment (40.88%), Core Commercial Lines Segment (36.55%), Specialty Lines Segment (22.42%), and Other Operating Segment (0.16%).

Hanover Insurance Group Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
PGR	Progressive	$62.08B	$19.71B
ALL	Allstate	$57.09B	$16.63B
CB	Chubb	$50.50B	$14.85B
TRV	Travelers Companies	$41.36B	$11.90B
CNA	CNA Financial	$13.13B	$3.62B
THG	Hanover Insurance Group	$6.01B	$1.57B
KMPR	Kemper	$4.94B	$1.18B
WTM	White Mountains Insurance Group	$1.73B	$395.40M
RLI	RLI	$1.51B	$470.00M
HMN	Horace Mann Educators	$1.49B	$412.10M
DGICA	Donegal Group	$927.34M	$251.74M
GBLI	Global Indemnity Group	$528.13M	$108.69M
NODK	NI	$365.69M	$88.98M
SIGI	Selective Insurance Group	$101.17M	$1.24B

THG Revenue FAQ

What is Hanover Insurance Group’s yearly revenue?

Hanover Insurance Group's yearly revenue for 2023 was $6.01B, representing an increase of 9.93% compared to 2022. The company's yearly revenue for 2022 was $5.47B, representing an increase of 4.61% compared to 2021. THG's yearly revenue for 2021 was $5.23B, representing an increase of 8.30% compared to 2020.

What is Hanover Insurance Group’s quarterly revenue?

Hanover Insurance Group's quarterly revenue for Q3 2024 was $1.57B, a 1.86% increase from the previous quarter (Q2 2024), and a 3.21% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $1.54B, a -0.93% decrease from the previous quarter (Q1 2024), and a 2.15% increase year-over-year (Q2 2023). THG's quarterly revenue for Q1 2024 was $1.55B, a 1.36% increase from the previous quarter (Q4 2023), and a 7.44% increase year-over-year (Q1 2023).

What is Hanover Insurance Group’s revenue growth rate?

Hanover Insurance Group's revenue growth rate for the last 3 years (2021-2023) was 14.99%, and for the last 5 years (2019-2023) was 22.92%.

What are Hanover Insurance Group’s revenue streams?

Hanover Insurance Group's revenue streams in c 23 are Specialty Lines Segment, Core Commercial Lines Segment, Other Segments, and Personal Lines Segment. Specialty Lines Segment generated $1.35B in revenue, accounting 22.43% of the company's total revenue, up 13.68% year-over-year. Core Commercial Lines Segment generated $2.22B in revenue, accounting 36.79% of the company's total revenue, up 13.65% year-over-year. Other Segments generated $15.4M in revenue, accounting 0.26% of the company's total revenue Personal Lines Segment generated $2.44B in revenue, accounting 40.53% of the company's total revenue, up 15.59% year-over-year.

What is Hanover Insurance Group’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Hanover Insurance Group was Personal Lines Segment. This segment made a revenue of $2.44B, representing 40.53% of the company's total revenue.