Hanover Insurance Group (THG) Revenue & Revenue Breakdown
Hanover Insurance Group Revenue Highlights
Latest Revenue (Y)
$6.01B
Latest Revenue (Q)
$1.54B
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 |
|---|---|---|
| 2024-06-30 | $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 $1.54B in revenue during Q2 2024, up -0.93% compared to the previous quarter, and up 106.44% 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 |
|---|---|---|---|---|---|
| Personal Lines Segment | $2.44B | $2.11B | $1.93B | $1.84B | $1.82B |
| Specialty Lines Segment | $1.35B | $1.19B | - | - | - |
| Core Commercial Lines Segment | $2.22B | $1.95B | - | - | - |
| Other Segments | $15.40M | - | - | - | - |
| 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 | 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 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other Segments | $3.20M | $3.70M | $3.80M | $4.20M | $3.70M | $3.70M | $3.80M | $3.70M | $3.20M | - | - | - | - | - | - | - | - | - | - | - |
| Core Commercial Lines Segment | $580.00M | $571.00M | $558.60M | $557.10M | $556.40M | $544.70M | $538.90M | $527.10M | $513.60M | $511.10M | - | - | - | - | - | - | - | - | - | - |
| Specialty Lines Segment | $352.80M | $342.50M | $340.10M | $340.90M | $340.20M | $330.50M | $325.50M | $319.90M | $309.80M | $301.30M | - | - | - | - | - | - | - | - | - | - |
| Personal Lines Segment | $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 | $483.30M |
| All Other Segments | - | - | - | - | - | - | - | - | - | $3.50M | $4.00M | $4.30M | $3.90M | $4.20M | $4.60M | $5.50M | $5.40M | $4.60M | $5.60M | $6.30M |
| Commercial Lines Segment | - | - | - | - | - | - | - | - | - | - | $798.10M | $755.50M | $758.00M | $748.30M | $733.90M | $713.30M | $698.90M | $724.70M | $729.30M | $710.30M |
Hanover Insurance Group's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Personal Lines Segment (40.43%), Core Commercial Lines Segment (36.91%), Specialty Lines Segment (22.45%), and Other Segments (0.20%).
Hanover Insurance Group Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| PGR | Progressive | $62.08B | $17.76B |
| ALL | Allstate | $57.09B | $15.71B |
| CB | Chubb | $50.50B | $13.85B |
| TRV | Travelers Companies | $41.36B | $11.28B |
| CNA | CNA Financial | $13.13B | $3.52B |
| THG | Hanover Insurance Group | $6.01B | $1.54B |
| KMPR | Kemper | $4.94B | $1.13B |
| WTM | White Mountains Insurance Group | $1.73B | $-95.80M |
| RLI | RLI | $1.51B | $416.44M |
| HMN | Horace Mann Educators | $1.49B | $388.10M |
| DGICA | Donegal Group | $927.34M | $246.77M |
| GBLI | Global Indemnity Group | $528.13M | $108.69M |
| NODK | NI | $365.69M | $91.35M |
| SIGI | Selective Insurance Group | $101.17M | $1.19B |
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 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). The company'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). THG's quarterly revenue for Q4 2023 was $1.53B, a 0.90% increase from the previous quarter (Q3 2023), and a 3.49% increase year-over-year (Q4 2022).
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 Personal Lines Segment, Specialty Lines Segment, Core Commercial Lines Segment, and Other Segments. Personal Lines Segment generated $2.44B in revenue, accounting 40.53% of the company's total revenue, up 15.59% year-over-year. 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
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.