← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Hanover Insurance, a property and casualty insurer selling through independent agents, lifted net income 55.5% to $662.5M in 2025 as lower catastrophe losses and better Personal Lines pricing cut its combined ratio to 91.6% from 94.8%
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 5.7% to $6.59B; net premiums written up 3.9%OK
- Profitability — Combined ratio 91.6% from 94.8%; net income $662.5MOK
- Balance sheet — Debt $1,218.3 million after a $500.0 million issue; equity up 25.7%Note
- Capital allocation — Dividends $130.6M and buybacks $129.2M; new $700 million programNote
- Insider signal — 30 sales and no purchases by insidersWatch
Business
The Hanover Insurance Group sells property and casualty insurance in the U.S. through select independent agents and brokers. It has three operating segments: Personal Lines (car, home and umbrella cover for individuals), Core Commercial (small and mid-sized businesses) and Specialty (professional and executive liability, specialty property and casualty, marine and surety). It wrote about $6.3 billion of net premiums in 2025 and had about 4,900 employees. It traces its roots to 1852.
Where the revenue comes from
Fiscal 2025, as HANOVER INSURANCE GROUP, INC. reports it. History and quarterly detail are in the app.
- Personal Lines$2.6B
- Core Commercial Lines$2.2B
- Specialty Lines$1.4B
Leadership changes
From HANOVER INSURANCE GROUP, INC.'s own filings, the day they're filed.
- Richard W. Lavey · CEO · departureeff. 2026-12-31
- Patricia A. Norton-Gatto · President · appointmenteff. 2026-05-13
- Richard W. Lavey · President · appointmenteff. 2025-03-31
Latest filings
- 10-Q · Quarterly report2026-07-29
- 8-K · Company announcement2026-07-28
- 8-K · Company announcement2026-07-15
- 8-K · Company announcement2026-05-13
- 10-Q · Quarterly report2026-04-30
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about HANOVER INSURANCE GROUP, INC., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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