Hanover Insurance Group annual free cash flow
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2025
Hanover Insurance Group Free Cash Flow (FCF) History (THG)
Hanover Insurance Group reported $1.17B in free cash flow for fiscal 2025, an increase of 47.00% from the previous fiscal year, with a free cash flow margin of 17.75%.
View full Hanover Insurance Group company overviewHanover Insurance Group free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.17B | $374.2M | +47.00% | +17.75% |
| 2024 | 2024-12-31 | $796.2M | $446.4M | +127.62% | +12.76% |
| 2023 | 2023-12-31 | $349.8M | −$354.7M | −50.35% | +5.84% |
| 2022 | 2022-12-31 | $704.5M | −$111.2M | −13.63% | +12.88% |
| 2021 | 2021-12-31 | $815.7M | $123.0M | +17.76% | +15.60% |
| 2020 | 2020-12-31 | $692.7M | $103.1M | +17.49% | +14.36% |
| 2019 | 2019-12-31 | $589.6M | $51.4M | +9.55% | +12.06% |
| 2018 | 2018-12-31 | $538.2M | −$147.8M | −21.55% | +11.98% |
| 2017 | 2017-12-31 | $686.0M | −$41.7M | −5.73% | +16.07% |
| 2016 | 2016-12-31 | $727.7M | $302.5M | +71.14% | +17.95% |
| 2015 | 2015-12-31 | $425.2M | −$128.3M | −23.18% | +8.45% |
| 2014 | 2014-12-31 | $553.5M | $192.5M | +53.32% | +10.92% |
| 2013 | 2013-12-31 | $361.0M | −$25.9M | −6.69% | +7.53% |
| 2012 | 2012-12-31 | $386.9M | $181.7M | +88.55% | +8.43% |
| 2011 | 2011-12-31 | $205.2M | $132.5M | +182.26% | +5.22% |
| 2010 | 2010-12-31 | $72.7M | −$8.5M | −10.47% | +2.31% |
| 2009 | 2009-12-31 | $81.2M | −$118.8M | −59.40% | +2.87% |
| 2008 | 2008-12-31 | $200.0M | — | — | +7.46% |
Hanover Insurance Group quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $209.4M | $4.5M | +2.20% | +12.13% |
| Q1 2026 | 2026-03-31 | $115.3M | $78.2M | +210.78% | +6.78% |
| Q4 2025 | 2025-12-31 | $377.0M | $166.5M | +79.10% | +22.55% |
| Q3 2025 | 2025-09-30 | $551.4M | $159.1M | +40.56% | +33.12% |
| Q2 2025 | 2025-06-30 | $204.9M | $67.6M | +49.24% | +12.39% |
| Q1 2025 | 2025-03-31 | $37.1M | −$19.0M | −33.87% | +2.31% |
| Q4 2024 | 2024-12-31 | $210.5M | $120.0M | +132.60% | +13.29% |
| Q3 2024 | 2024-09-30 | $392.3M | $170.5M | +76.87% | +25.06% |
| Q2 2024 | 2024-06-30 | $137.3M | $114.4M | +499.56% | +8.93% |
| Q1 2024 | 2024-03-31 | $56.1M | $41.5M | +284.25% | +3.62% |
| Q4 2023 | 2023-12-31 | $90.5M | −$104.1M | −53.49% | +5.92% |
| Q3 2023 | 2023-09-30 | $221.8M | −$89.3M | −28.70% | +14.62% |
| Q2 2023 | 2023-06-30 | $22.9M | $19.3M | +536.11% | +1.52% |
| Q1 2023 | 2023-03-31 | $14.6M | −$180.6M | −92.52% | +1.01% |
| Q4 2022 | 2022-12-31 | $194.6M | −$31.4M | −13.89% | +13.16% |
| Q3 2022 | 2022-09-30 | $311.1M | $26.8M | +9.43% | +22.77% |
| Q2 2022 | 2022-06-30 | $3.6M | −$162.3M | −97.83% | +0.28% |
| Q1 2022 | 2022-03-31 | $195.2M | $55.7M | +39.93% | +14.67% |
| Q4 2021 | 2021-12-31 | $226.0M | $67.8M | +42.86% | +16.39% |
| Q3 2021 | 2021-09-30 | $284.3M | −$32.2M | −10.17% | +22.30% |
| Q2 2021 | 2021-06-30 | $165.9M | −$18.7M | −10.13% | +12.84% |
| Q1 2021 | 2021-03-31 | $139.5M | $106.1M | +317.66% | +10.88% |
| Q4 2020 | 2020-12-31 | $158.2M | −$17.7M | −10.06% | +12.22% |
| Q3 2020 | 2020-09-30 | $316.5M | $46.9M | +17.40% | +25.32% |
| Q2 2020 | 2020-06-30 | $184.6M | $73.8M | +66.61% | +15.08% |
| Q1 2020 | 2020-03-31 | $33.4M | $100,000 | +0.30% | +3.16% |
| Q4 2019 | 2019-12-31 | $175.9M | $91.7M | +108.91% | +13.98% |
| Q3 2019 | 2019-09-30 | $269.6M | −$12.7M | −4.50% | +22.19% |
| Q2 2019 | 2019-06-30 | $110.8M | −$33.0M | −22.95% | +9.24% |
| Q1 2019 | 2019-03-31 | $33.3M | $5.4M | +19.35% | +2.73% |
| Q4 2018 | 2018-12-31 | $84.2M | −$80.3M | −48.81% | +7.64% |
| Q3 2018 | 2018-09-30 | $282.3M | $2.0M | +0.71% | +24.20% |
| Q2 2018 | 2018-06-30 | $143.8M | −$47.5M | −24.83% | +12.69% |
| Q1 2018 | 2018-03-31 | $27.9M | −$22.0M | −44.09% | +2.56% |
| Q4 2017 | 2017-12-31 | $164.5M | −$17.7M | −9.71% | +25.11% |
| Q3 2017 | 2017-09-30 | $280.3M | −$42.1M | −13.06% | +25.81% |
| Q2 2017 | 2017-06-30 | $191.3M | $43.8M | +29.69% | +15.11% |
| Q1 2017 | 2017-03-31 | $49.9M | −$25.7M | −33.99% | +3.96% |
| Q4 2016 | 2016-12-31 | $182.2M | $96.9M | +113.60% | +50.18% |
| Q3 2016 | 2016-09-30 | $322.4M | $77.1M | +31.43% | +25.97% |
| Q2 2016 | 2016-06-30 | $147.5M | $133.3M | +938.73% | +12.07% |
| Q1 2016 | 2016-03-31 | $75.6M | −$4.8M | −5.97% | +6.16% |
| Q4 2015 | 2015-12-31 | $85.3M | −$68.6M | −44.57% | +7.08% |
| Q3 2015 | 2015-09-30 | $245.3M | $5.7M | +2.38% | +19.89% |
| Q2 2015 | 2015-06-30 | $14.2M | −$86.0M | −85.83% | +1.09% |
| Q1 2015 | 2015-03-31 | $80.4M | $20.6M | +34.45% | +6.19% |
| Q4 2014 | 2014-12-31 | $153.9M | −$42.2M | −21.52% | +11.98% |
| Q3 2014 | 2014-09-30 | $239.6M | $97.3M | +68.38% | +18.93% |
| Q2 2014 | 2014-06-30 | $100.2M | $54.4M | +118.78% | +7.87% |
| Q1 2014 | 2014-03-31 | $59.8M | $83.0M | — | +4.81% |
| Q4 2013 | 2013-12-31 | $196.1M | $2.6M | +1.34% | +15.96% |
| Q3 2013 | 2013-09-30 | $142.3M | $1.5M | +1.07% | +11.84% |
| Q2 2013 | 2013-06-30 | $45.8M | $2.7M | +6.26% | +3.87% |
| Q1 2013 | 2013-03-31 | −$23.2M | −$32.7M | — | −1.97% |
| Q4 2012 | 2012-12-31 | $193.5M | $264.8M | — | +16.34% |
| Q3 2012 | 2012-09-30 | $140.8M | −$37.5M | −21.03% | +12.16% |
| Q2 2012 | 2012-06-30 | $43.1M | −$33.0M | −43.36% | +3.82% |
| Q1 2012 | 2012-03-31 | $9.5M | −$12.6M | −57.01% | +0.85% |
| Q4 2011 | 2011-12-31 | −$71.3M | −$165.6M | — | −6.28% |
| Q3 2011 | 2011-09-30 | $178.3M | $103.1M | +137.10% | +16.09% |
| Q2 2011 | 2011-06-30 | $76.1M | $50.7M | +199.61% | +8.91% |
| Q1 2011 | 2011-03-31 | $22.1M | $144.3M | — | +2.65% |
| Q4 2010 | 2010-12-31 | $94.3M | $24.7M | +35.49% | +11.32% |
| Q3 2010 | 2010-09-30 | $75.2M | — | — | +9.35% |
| Q2 2010 | 2010-06-30 | $25.4M | — | — | +3.31% |
| Q1 2010 | 2010-03-31 | −$122.2M | — | — | −16.37% |
| Q3 2009 | 2009-09-30 | $69.6M | — | — | +9.82% |
Hanover Insurance Group free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $692.7M to $1.17B, a compound annual growth rate of 11.06%. Hanover Insurance Group's latest reported quarter, Q2 2026, generated $209.4M in free cash flow, an increase of 2.20% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Hanover Insurance Group filings at SEC.gov ↗