OakChart

Hanover Insurance Group Inc

THGFinancial·Insurance - Property & Casualty·USA·Mid·NYSE·Nov 11 • 11:26 AM ET

246.68-3.54 (-1.41%)
2026-11-11 17:27 CET
Market cap
8,600.57 USD m
Revenue, TTM
6,834.90 USD m
Net income, TTM
749.50 USD m
Free cash flow, TTM
1,219.70 USD m
EPS diluted, TTM
20.92
P/E
11.79
Compare

Price

THG against its 20, 50 and 200-day averages
2050200beat
180.00200.00220.00240.00260.00475K949KMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26THGclose 246.6820-day 239.9350-day 229.73200-day 203.25246.6852w high

3.9% under the 52-week high of 256.74 on 5 Nov 2026. 52-week low 166.54 on 13 Jan 2026. Last 15 sessions, 12.6% high to low

Profile

THG
52-week range, 89% of the way up
166.54256.74

The Hanover Insurance Group, Inc. is a holding company, which engages in the provision of property and casualty products and services. It operates through the following segments: Core Commercial, Specialty, Personal Lines, and Other. The Core Commercial segment includes commercial multiple peril, commercial automobile, workers compensation and other core commercial coverage, such as general liability, commercial umbrella and monoline property. The Specialty focuses on Professional and Executive Lines, Specialty Property and Casualty, Marine, Surety, and other. The Personal Lines segment involves personal automobile, homeowners, and other personal coverage. The Other segment consists of earnings and expenses related to the company. The company was founded in 1852 and is headquartered in Worcester, MA.

IndexRUI
Employees4900
IPOOct 11, 1995
Beta0.24
ATR, 14d5.79
Rel volume0.41
Short float2.76%
Insider own1.12%
Inst own94.38%

Snapshot

6 groups

Valuation

IndexRUI
Market Cap8.48B
Enterprise Value-
Income749.50M
Sales6.83B
Book/sh99.75
Cash/sh-
Dividend Est.3.85 (1.56%)
Dividend TTM3.80 (1.54%)
Dividend Ex-DateSep 11, 2026
Dividend Gr. 3/5Y6.05% 6.61%
Payout20.11%
Employees4900
IPOOct 11, 1995

Ratios

P/E11.79
Forward P/E12.40
PEG4.19
P/S1.24
P/B2.47
P/C-
P/FCF6.95
EV/EBITDA-
EV/Sales-
Quick Ratio-
Current Ratio0.40
Debt/Eq0.25
LT Debt/Eq0.23
Option/ShortYes / Yes

Earnings

EPS (ttm)20.92
EPS next Y19.90
EPS next Q5.48
EPS this Y10.39%
EPS next Y-5.56%
EPS next 5Y2.96%
EPS past 3/5Y78.09% 14.03%
Sales past 3/5Y6.44% 6.44%
EPS Y/Y TTM21.26%
Sales Y/Y TTM5.04%
EPS Q/Q-0.96%
Sales Q/Q4.23%
EarningsOct 28 AMC
EPS/Sales Surpr.11.56% -1.06%

Ownership

Insider Own1.12%
Insider Trans-14.12%
Inst Own94.38%
Inst Trans-1.03%
ROA5.04%
ROE21.77%
ROIC17.70%
Gross Margin-
Oper. Margin14.71%
Profit Margin10.97%
SMA202.81%
SMA507.38%
SMA20021.37%
Trades-

Technical

Shs Outstand34.50M
Shs Float33.99M
Short Float2.76%
Short Ratio3.17
Short Interest0.94M
52W High256.74 -3.92%
52W Low166.54 48.12%
Volatility3.01% 2.25%
ATR (14)5.79
RSI (14)61.19
Beta0.24
Rel Volume0.41
Avg Volume295.86K
Volume40,583

Performance

Perf Week-1.30%
Perf Month10.90%
Perf Quarter10.52%
Perf Half Y30.31%
Perf YTD34.96%
Perf Year36.21%
Perf 3Y117.83%
Perf 5Y94.97%
Perf 10Y215.67%
Recom2.60
Target Price245.88
Prev Close250.21
Price246.68
Change %-1.41%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Jul 15, 2026DowngradePPiper SandlerOverweight → Neutral$220-10.8%
Jul 08, 2026DowngradeKKeefe BruyetteOutperform → Mkt Perform$220-10.8%
May 19, 2026DowngradeBBMO Capital MarketsOutperform → Market Perform$203-17.7%
Nov 25, 2025InitiatedRRBC Capital MktsSector Perform$200-18.9%
Jul 09, 2025UpgradeKKeefe BruyetteMkt Perform → Outperform$188-23.8%
Dec 05, 2024InitiatedMMorgan StanleyEqual-Weight$170-31.1%
Nov 21, 2024DowngradeJJanneyBuy → Neutral$176-28.7%
Nov 16, 2023InitiatedOOppenheimerOutperform$135-45.3%
Aug 31, 2023UpgradeBBMO Capital MarketsMarket Perform → Outperform$125 → $126-48.9%
Jul 06, 2023UpgradePPiper SandlerNeutral → Overweight$155 → $153-38.0%

Peers

Mkt cap
TickerCompanyMkt cap
SIGISelective Insurance Group Inc6.05B
CINFCincinnati Financial Corp28.98B
TRVTravelers Companies Inc81.19B
AFGAmerican Financial Group Inc13.22B
ALLAllstate Corp64.02B
HIGHartford Insurance Group Inc36.15B
MCYMercury General Corp4.69B
ORIOld Republic International Corp9.55B
UFCSUnited Fire Group Inc1.31B
KMPRKemper Corp2.00B

Insider trading

latest 14 of 45
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Lee Willard TExecutive Vice PresidentNov 04 '26Option Exercise123.679,8861,222,57715,950Nov 05 04:10 PM
Lee Willard TExecutive Vice PresidentNov 04 '26Sale249.149,9462,477,9956,004Nov 05 04:10 PM
Lee Willard TOfficerNov 04 '26Proposed Sale249.159,9462,478,027Nov 04 12:52 PM
Lowsley DeniseOfficerSep 16 '26Proposed Sale231.189,8642,280,315Sep 16 04:13 PM
Kerrigan Dennis FrancisExecutive Vice PresidentAug 19 '26Option Exercise118.546,551776,55618,554Aug 21 08:13 AM
Kerrigan Dennis FrancisExecutive Vice PresidentAug 20 '26Option Exercise118.542,104249,40814,107Aug 21 08:13 AM
Kerrigan Dennis FrancisExecutive Vice PresidentAug 19 '26Sale220.796,5511,446,42112,003Aug 21 08:13 AM
Kerrigan Dennis FrancisExecutive Vice PresidentAug 20 '26Sale222.412,104467,94512,003Aug 21 08:13 AM
Kerrigan Dennis FrancisOfficerAug 20 '26Proposed Sale222.412,104467,947Aug 20 04:30 PM
Kerrigan Dennis FrancisOfficerAug 19 '26Proposed Sale220.796,5511,446,415Aug 19 04:16 PM
Bunting Theodore H JRDirectorAug 04 '26Proposed Sale229.081,200274,896Aug 10 04:29 PM
Bunting Theodore H JRDirectorAug 06 '26Sale230.20600138,1205,835Aug 07 04:40 PM
Bunting Theodore H JRDirectorAug 05 '26Sale228.03600136,8186,435Aug 07 04:40 PM
Carlin Jane DDirectorAug 03 '26Sale231.501,000231,5002,270Aug 04 04:33 PM

Held by

AUM
TickerCompanyAUM
IJHiShares Core S&P Mid-Cap ETFAUM: 124.48B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
AVUVAvantis U.S. Small Cap Value ETFAUM: 32.39B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
SDVYFirst Trust SMID Cap Rising Dividend Achievers ETFAUM: 11.33B
VBRVanguard Morningstar Small-Cap Value ETFAUM: 37.76B
VXFVanguard Extended Market Index ETFAUM: 30.47B
DFATU.S. Targeted Value Portfolio-ETF Class Shares-
SDYState Street SPDR S&P Dividend ETFAUM: 22.68B
DFASU.S. Small Cap Portfolio-ETF Class Shares-

News

latest 14 of 206
  • Hanover Beats On Record Q3 Operating EPS, But Underwriting Strength Outruns Slowing Premium Growth (Earnings Whispers)
  • Hanover Insurance: Q3 Earnings Snapshot (Associated Press)
  • The Hanover Reports Excellent Third Quarter Net Income and Operating Income of $4.86 and $5.15 per Diluted Share, Respectively; Third Quarter Net and Operating Return on Equity of 19.4% and 18.7%, Respectively (PR Newswire)
  • Hanover's Q3 Test: Can Record Margins And Faster Growth Clear A Lifted Whisper Bar? (Earnings Whispers)
  • The Hanover Among TIME's World's Best Companies and Forbes' America's Best Insurance Companies (PR Newswire)
  • Loading…
  • The Hanover Insurance Group, Inc. to Issue Third Quarter Financial Results on October 28 (PR Newswire)
  • The Hanover Insurance Group Inc's Dividend Analysis (GuruFocus.com)
  • The Hanover Insurance Group, Inc. Declares Quarterly Dividend of $0.95 Per Common Share (PR Newswire)
  • The Hanover Insurance Group Inc (THG) Q2 2026 Earnings Call Highlights: Record Performance and ... (GuruFocus.com)
  • Hanover Insurance: Q2 Earnings Snapshot (Associated Press)
  • The Hanover Reports Record Second Quarter Net Income and Operating Income of $5.38 and $5.31 per Diluted Share, Respectively; Record Second Quarter Net and Operating Return on Equity of 21.2% and 19.8%, Respectively (PR Newswire)
  • The Hanover Announces CEO Succession Plan: John C. Roche to Retire as President and CEO at the End of 2026; Chief Operating Officer Richard W. Lavey Named CEO-Elect (PR Newswire)
  • The Hanover Recognized as a Best Place to Work by U.S. News & World Report (PR Newswire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-285.1504.6164.8601,7931,8129
2026Q22026-07-285.3103.8405.3821,6571,6499
2026Q12026-04-295.2504.2185.2031,5601,5818
2025Q42026-02-035.7905.0275.4681,4891,5198
2025Q32025-10-295.0904.2844.9091,7391,7518
2025Q22025-07-304.3503.1244.3041,5841,6008
2025Q12025-04-303.8703.4503.5031,5111,5518
2024Q42025-02-045.3203.3654.5871,4451,4298
2024Q32024-10-303.0502.5292.7971,6631,6718
2024Q22024-07-311.8801.8801.1161,5211,4908
2024Q12024-05-013.0802.7073.1821,4541,4718
2023Q42024-01-313.1302.7262.9811,3461,4208
2023Q32023-11-010.1900.1900.2381,5961,5843
2023Q22023-08-02-1.910-1.911-1.9381,4471,4217
2023Q12023-05-020.1300.012-0.3371,4221,3857
2022Q42023-02-01-1.050-1.050-0.3261,3261,3044

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2017FY4.7404.5754.3304,9584,926
2018FY6.7906.7196.0264,3854,613
2019FY8.1608.10610.4704,5824,584
2020FY9.3208.6669.4154,5994,813
2021FY8.7307.83711.5034,9934,977
2022FY5.5305.5413.2135,4775,454
2023FY1.5601.1330.9785,8105,880
2024FY13.34011.39711.7036,0846,111
2025FY19.09018.36818.1606,3226,406
2026FY-21.074--6,618
2027FY-19.901--6,879
2028FY-20.835--7,171

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-045031,5451,5301,569
2026Q4S2026-11-035021,5481,5301,569
2026Q4S2026-10-295011,5521,5371,569
2026Q4S2026-10-285001,5591,5481,573
2026Q4S2026-09-305001,5591,5481,573
2026Q4S2026-08-045001,5581,5441,573
2026Q4S2026-08-035001,5581,5441,573
2026Q4S2026-08-015001,5601,5441,573
2026Q4S2026-07-295011,5601,5441,573
2026Q4S2026-07-185011,5581,5381,569
2026Q4S2026-05-185021,5581,5381,569
2026Q4S2026-05-065011,5641,5521,569
2026Q4S2026-05-045011,5651,5551,569
2026Q4S2026-04-305001,5691,5551,583

Estimate history

EPS, annual4.336.02610.479.41511.5033.2130.97811.70318.15120.9156
Period201720182019202020212022202320242025TTM
EPS, quarterly2.7974.5873.5034.3044.9095.4685.2035.3824.862
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual4267.94494.34890.74827.35227.85468.65993.56237.46594.46834.9
Period201720182019202020212022202320242025TTM
Sales, quarterly1565.31584.31603.21654.416651671.81701.41726.21735.5
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual42.542.338.436.435.535.635.835.935.434.5
Period201720182019202020212022202320242025MRQ
Shares, quarterly3635.93635.935.935.435.134.934.5
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue6,834.906,594.406,237.405,993.505,468.605,227.804,827.304,890.704,494.30
Losses, Claims & Reserves3,799.503,729.303,757.404,134.603,623.403,134.202,845.202,865.502,724.60
Selling, General and Administrative Incl. Other2,030.201,978.101,908.101,783.701,667.101,538.301,494.001,465.601,413.90
Operating Income before Interest Expense1,005.20887.00571.9075.20178.10555.30488.10559.60355.80
Interest Expense45.4043.2034.1034.1034.1034.0037.1037.5045.10
Unusual Expense----0.000.006.200.0028.20
Net Income Before Taxes959.80843.80537.8041.10144.00521.30444.80522.10282.50
Income Taxes212.30183.10112.507.6027.20101.3082.8093.1043.50
Consolidated Net Income747.50660.70425.3033.50116.80420.00362.00429.00239.00
Net Income From Continuing Operations747.50660.70425.3033.50116.80420.00362.00429.00239.00
Net Income749.50662.50426.0035.30116.00418.70358.70426.30259.10
EPS (Recurring)21.1118.1511.700.983.2111.509.5310.506.48
EPS (Basic, Before Extraordinaries)21.3318.5111.870.993.2611.669.5110.636.11
EPS (Diluted)20.9218.1511.700.983.2111.509.4110.476.03
Non-Operating Income (Expense)0.000.000.000.000.000.000.000.000.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense30.1028.1024.5024.6022.9018.1015.9013.7011.80
Price To Earnings Ratio11.9611.9615.35-16.7611.4012.2713.0118.30
Price To Sales Ratio1.111.010.900.730.890.910.921.131.12
Operating Margin14.7113.459.171.253.2610.6210.1111.447.92
Net Margin10.9710.056.830.592.128.017.438.725.77
Shares Outstanding34.5035.4035.9035.8035.6035.5036.4038.4042.30
Market Capitalization8,600.578,600.575,572.914,342.274,805.534,663.144,355.555,383.704,653.94
Operating Income after Interest Expense-843.80537.8041.10144.00521.30451.00522.10310.70
Reserves Increase (Decrease)-0.000.000.000.000.000.000.000.00

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue1,735.501,726.201,701.401,671.801,665.001,654.401,603.201,584.30
Losses, Claims & Reserves989.70962.50957.60889.70927.10957.20955.30860.60
Selling, General and Administrative Incl. Other515.50509.00495.90509.80499.20489.80479.30503.70
Operating Income before Interest Expense230.30254.70247.90272.30238.70207.40168.60220.00
Interest Expense10.0010.1010.8014.5011.608.608.508.50
Operating Income after Interest Expense220.30244.60237.10257.80227.10198.80160.10211.50
Net Income Before Taxes220.30244.60237.10257.80227.10198.80160.10211.50
Income Taxes48.0053.2050.3060.8048.5041.9031.9044.20
Consolidated Net Income172.30191.40186.80197.00178.60156.90128.20167.30
Net Income From Continuing Operations172.30191.40186.80197.00178.60156.90128.20167.30
Net Income172.60191.60186.80198.50178.70157.10128.20167.90
EPS (Recurring)4.865.385.205.474.914.303.504.59
EPS (Basic, Before Extraordinaries)4.965.475.315.594.994.383.564.66
EPS (Diluted)4.865.385.205.474.914.303.504.59
Non-Operating Income (Expense)0.000.000.000.000.000.000.000.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense9.709.105.206.107.908.905.205.90
Price To Earnings Ratio11.9610.779.5310.5611.9614.1514.8915.35
Price To Sales Ratio1.111.130.931.011.020.971.010.91
Operating Margin13.2714.7514.5716.2914.3412.5410.5213.89
Net Margin9.9511.1010.9811.8710.739.508.0010.60
Shares Outstanding34.5034.9035.1035.4035.9035.9036.0035.90
Market Capitalization8,600.577,491.376,093.136,503.696,496.986,101.106,249.435,572.91

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Total Cash1,122.70435.50316.10305.00230.90120.60215.701,020.70297.90
Investments10,382.709,409.808,913.108,509.809,152.608,846.107,996.007,287.406,888.20
Premium Balance Receivables - Insurance1,861.301,800.801,705.601,601.401,469.501,339.301,260.401,176.701,095.70
Net Property, Plant & Equipment0.000.000.000.000.000.000.000.000.00
Investment in Unconsolidated Affiliates0.000.000.000.000.000.000.000.000.00
Deferred Tax Assets250.10315.10311.30345.60188.60173.70155.80164.50168.80
Other Intangible Assets1,484.801,459.701,448.401,415.201,494.001,263.401,204.401,215.705,545.30
Total Assets15,101.6013,420.9012,694.5012,177.0012,535.6011,743.1010,832.3010,865.0013,995.90
Insurance Policy Liabilities - Insurance9,184.508,750.008,354.508,002.307,275.206,632.406,257.105,933.305,564.70
Total Debt1,218.30784.10783.20782.40781.60780.80653.40777.90786.90
Long Term Debt843.30722.30783.20782.40781.60780.80653.40777.90786.90
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities166.80140.90138.00146.40249.40271.00207.60113.90151.80
Other Liabilities960.50904.10953.20912.201,084.50856.70798.001,085.204,494.80
Total Liabilities11,530.1010,579.1010,228.909,843.309,390.708,540.907,916.107,910.3010,998.20
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity3,571.502,841.802,465.602,333.703,144.903,202.202,916.202,954.702,997.70
Total Shareholders Equity3,571.502,841.802,465.602,333.703,144.903,202.202,916.202,954.702,997.70
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity3,571.502,841.802,465.602,333.703,144.903,202.202,916.202,954.702,997.70
Total Liabilities & Stockholders Equity15,101.6013,420.9012,694.5012,177.0012,535.6011,743.1010,832.3010,865.0013,995.90
Book Value Per Share100.8979.1668.8765.5588.5987.9775.9469.8570.53
Tangible Book Value Per Share95.8474.1863.8860.5383.5583.0671.2965.6266.33
Full-Time Employees4,9004,9004,8004,6004,4004,3004,3004,2004,600
Price to Book Ratio2.511.931.502.101.481.331.801.571.45
Return on Assets4.633.260.270.953.463.213.952.041.67
Return on Equity20.6016.031.404.2613.2311.8314.618.037.38
Return on Invested Capital15.0111.951.093.7210.669.0111.946.944.92
Current Ratio0.460.430.420.340.370.380.410.530.54

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Funds from Operations813.60760.70522.7088.30223.30362.30381.10380.20336.60
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital415.50417.40283.70273.40499.00461.40326.50222.70214.70
Cash from Operating Activities1,229.101,178.10806.40361.70722.30823.70707.60602.90551.30
Capital Expenditures-9.40-7.70-10.20-11.90-17.80-8.00-14.90-13.30-13.10
Net Assets From Acquisitions0.000.000.000.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.000.0034.70635.70
Purchase or Sale of Investments-776.10-658.50-530.70-216.60-489.80-452.20-593.90-333.30-351.30
Purchase of Investments-3,044.60-3,386.30-3,312.70-1,130.60-2,084.50-2,302.90-2,084.20-1,920.50-1,603.90
Sale Or Maturity of Investments2,268.502,727.802,782.00914.001,594.701,850.701,490.301,587.201,252.60
Other Uses1.900.00-0.600.000.000.000.000.000.00
Other Sources0.200.100.000.000.000.000.000.000.00
Cash from Investing Activities-783.40-666.10-541.50-228.50-507.60-460.20-608.80-311.90271.30
Cash Dividends Paid-133.20-130.60-124.10-117.20-108.90-102.20-99.50-386.20-94.30
Change in Capital Stock-263.20-113.80-10.006.50-17.50-142.10-206.50-549.20-42.90
Repurchase of Common Pref Stock-282.90-129.20-26.700.00-30.80-162.60-212.80-563.60-57.70
Sale of Common Pref Stock19.7015.4016.706.5013.3020.506.3014.4014.80
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net0.00433.200.000.000.000.00120.60-151.10-11.60
Change in Long Term Debt0.000.000.000.000.000.00120.60-151.10-11.60
Issuance of Long Term Debt0.000.000.000.000.000.00296.400.000.00
Reduction of Long Term Debt0.000.000.000.000.000.00-175.80-151.10-11.60
Net Financing Active Other Cash Flow-21.90-13.60-11.40-11.40-14.20-8.90-8.50-12.80-22.20
Other Financing Activities Uses-21.90-13.60-11.40-11.40-14.20-8.90-8.50-12.80-22.20
Cash from Financing Activities-855.10175.20-145.50-122.10-140.60-253.20-193.90-1,099.30-171.00
Exchange Rate Effect---------4.00
Net Change in Cash-409.40687.20119.4011.1074.10110.30-95.10-808.30647.60
Free Cash Flow1,219.701,170.40796.20349.80704.50815.70692.70589.60538.20
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow7.006.428.3818.848.196.697.5127.2811.31

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Total Cash506.30266.10243.501,122.70915.70244.10
Investments10,671.4010,902.0010,801.7010,382.7010,367.409,941.30
Net Property, Plant & Equipment0.000.000.000.000.000.00
Investment in Unconsolidated Affiliates0.000.000.000.000.000.00
Deferred Tax Assets192.70108.70102.30250.1094.10130.90
Other Intangible Assets1,503.501,558.101,472.601,484.801,490.601,542.40
Total Assets14,872.8014,785.0014,476.0015,101.6014,799.4013,753.30
Insurance Policy Liabilities - Insurance9,694.109,402.409,261.409,184.509,240.208,992.60
Total Debt844.20844.00843.801,218.301,279.80784.60
Long Term Debt794.10793.90793.70843.30843.00347.80
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities---166.80--
Other Liabilities893.00866.10800.40960.50853.10759.80
Total Liabilities11,431.3011,112.5010,905.6011,530.1011,373.1010,537.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity3,441.503,672.503,570.403,571.503,426.303,216.30
Total Shareholders Equity3,441.503,672.503,570.403,571.503,426.303,216.30
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity3,441.503,672.503,570.403,571.503,426.303,216.30
Total Liabilities & Stockholders Equity14,872.8014,785.0014,476.0015,101.6014,799.4013,753.30
Book Value Per Share99.75105.23101.72100.8995.4489.59
Tangible Book Value Per Share94.57100.1196.6395.8490.4684.61
Full-Time Employees---4,900--
Price to Book Ratio2.512.101.721.922.032.01
Return on Assets5.045.285.154.634.474.17
Return on Equity21.7721.8821.7520.6020.0219.23
Return on Invested Capital4.074.294.284.504.194.41
Current Ratio0.400.370.350.460.450.37

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Funds from Operations192.80199.30194.50227.00211.30167.10
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital327.0013.00-75.70151.20343.1039.50
Cash from Operating Activities519.80212.30118.80378.20554.40206.60
Capital Expenditures-1.80-2.90-3.50-1.20-3.00-1.70
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments-160.10-103.30-490.30-22.40-305.20-220.40
Purchase of Investments-684.60-685.60-1,159.80-514.60-1,006.60-1,037.50
Sale Or Maturity of Investments524.50582.30669.50492.20701.40817.10
Other Uses0.000.000.001.90-1.900.00
Other Sources0.10-0.400.400.10-0.30-0.20
Cash from Investing Activities-161.80-106.60-493.40-21.60-310.40-222.30
Cash Dividends Paid-32.90-33.10-33.50-33.70-32.20-32.30
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-80.50-46.80-83.00-52.90-34.50-22.20
Repurchase of Common Pref Stock-86.40-55.00-86.90-54.60-36.00-27.60
Sale of Common Pref Stock5.908.203.901.701.505.40
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net0.000.00-375.00-61.800.000.00
Change in Long Term Debt0.000.000.000.000.000.00
Issuance of Long Term Debt0.000.000.000.000.000.00
Reduction of Long Term Debt0.000.000.000.000.000.00
Net Financing Active Other Cash Flow-4.40-3.20-13.10-1.20-0.70-0.80
Other Financing Activities Uses-4.40-3.20-13.10-1.20-0.70-0.80
Cash from Financing Activities-117.80-83.10-504.60-149.60427.60-55.30
Net Change in Cash240.2022.60-879.20207.00671.60-71.00
Free Cash Flow518.00209.40115.30377.00551.40204.90
Price to Free Cash Flow7.006.805.576.387.568.65

Revenue breakdown

United States2024: 6.24B 2025: 6.59B
Consolidation, Policy2024: 324.80M 2025: 433.30M
Core Commercial Lines2024: 2.15B 2025: 2.21B
Personal Lines2024: 2.44B 2025: 2.55B
Specialty Lines2024: 1.32B 2025: 1.40B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-302.76%0.9M34.0M287.74K
2026-10-152.93%1.0M34.4M298.93K
2026-09-303.00%1.0M34.4M313.92K
2026-09-152.16%0.7M34.4M313.95K
2026-08-312.07%0.7M34.4M322.89K
2026-08-142.00%0.7M34.4M324.81K
2026-07-312.23%0.8M34.4M329.39K
2026-07-153.41%1.2M34.6M309.80K
2026-06-303.19%1.1M34.6M308.70K
2026-06-153.22%1.1M34.6M302.79K
2026-05-292.95%1.0M34.6M295.42K
2026-05-153.00%1.0M34.6M286.80K
2026-04-302.37%0.8M34.6M307.51K
2026-04-152.58%0.9M34.8M340.62K
2026-03-312.39%0.8M34.8M349.37K
2026-03-132.40%0.8M34.8M335.39K
2026-02-272.40%0.8M34.8M327.09K
2026-02-132.37%0.8M34.8M323.37K
2026-01-302.20%0.8M35.1M285.14K
2026-01-152.02%0.7M35.2M250.99K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call100145149.50.003.8960.000.000.988-0.1820.012
call105140144.50.003.7080.000.000.987-0.1810.012
call110135139.50.003.5290.000.000.987-0.1810.013
call115130134.50.003.3580.000.000.986-0.1800.013
call120125129.50.003.1950.000.000.985-0.1790.014
call125120124.50.003.0390.000.000.985-0.1780.015
call130115119.40.002.6540.000.000.984-0.1780.015
call135110114.20.002.5190.000.000.983-0.1770.016
call140105109.20.002.3880.000.000.982-0.1760.017
call145100104.20.002.2620.000.000.981-0.1750.018
call15095.0099.2065.662.1402.000.000.980-0.1730.018
call15590.0094.200.002.0220.000.000.979-0.1720.019
call16085.0089.200.001.9070.000.000.978-0.1710.020
call16580.0084.9050.022.0421.000.000.976-0.1690.021
call17075.0079.2060.001.6860.000.000.975-0.1680.023
call17570.0074.200.001.5790.000.000.973-0.1660.024
call18065.0069.2050.301.4750.000.000.971-0.1640.025
call18560.0064.300.001.3730.000.000.969-0.1620.027
call19055.0059.3036.621.2735.000.000.967-0.1590.028
call19550.0054.2032.371.17424.000.000.964-0.1560.030
call20045.0049.2037.671.0775.000.000.961-0.1540.033
call21035.0039.5028.120.8864.000.000.953-0.1460.038
call22025.0029.4017.780.69623.000.000.940-0.1370.046
call23015.5020.0020.500.62625.000.000.854-0.2260.088
call2407.4010.4016.890.42430.000.000.694-0.2880.136
call2500.105.003.100.4172.000.000.429-0.3400.152
call2600.005.002.400.60262.000.000.321-0.4330.140
call2700.005.001.050.7911020.000.272-0.5590.130
call2800.005.000.000.9740.000.000.240-0.6550.122
call2900.005.000.001.1180.000.000.217-0.7110.115
call3000.005.000.001.2593620.000.199-0.7600.109
call3100.005.000.001.3980.000.000.185-0.8040.104
call3200.005.000.001.5120.000.000.174-0.8400.101
call3300.005.000.001.6270.000.000.165-0.8730.097
call3400.005.000.001.7360.000.000.158-0.9030.094
call3500.005.000.001.8400.000.000.151-0.9310.092
call3600.005.000.001.9390.000.000.145-0.9560.090
call3700.005.000.002.0330.000.000.141-0.9800.088
put1000.005.000.004.4820.000.00-0.050-1.0010.041
put1050.005.000.004.2730.000.00-0.053-0.9960.042
put1100.005.000.004.0760.000.00-0.056-0.9890.044
put1150.005.000.003.8840.000.00-0.059-0.9810.046
put1200.005.001.353.6971.000.00-0.062-0.9730.048
put1250.005.002.003.5321.000.00-0.065-0.9650.050
put1300.005.000.003.3630.000.00-0.069-0.9550.052
put1350.005.002.003.2051.000.00-0.072-0.9460.054
put1400.005.000.003.0470.000.00-0.076-0.9350.056
put1450.005.002.002.9013.000.00-0.080-0.9240.058
put1500.005.002.952.7564.000.00-0.084-0.9120.060
put1550.005.000.002.6130.000.00-0.088-0.8990.063
put1600.005.000.001.4990.000.00-0.025-0.1880.023
put1650.005.000.001.3650.000.00-0.023-0.1610.021
put1700.005.000.001.2730.000.00-0.025-0.1590.023
put1750.005.003.702.0911.000.00-0.109-0.8400.073
put1800.005.000.001.9640.000.00-0.116-0.8220.076
put1850.005.000.001.8460.000.00-0.122-0.8050.080
put1900.005.000.001.7260.000.00-0.130-0.7850.083
put1950.005.001.701.6067.000.00-0.139-0.7630.087
put2000.005.002.501.4932110.00-0.148-0.7410.091
put2100.005.000.100.6371660.00-0.047-0.1340.038
put2200.000.500.480.49916.000.00-0.063-0.1320.048
put2300.001.001.330.5691010.00-0.200-0.3410.109
put2400.002.453.580.3532690.00-0.287-0.2590.133
put2503.007.500.000.3830.000.00-0.561-0.3250.153
put26011.2015.500.000.4950.000.00-0.686-0.4470.138
put27020.6025.500.000.6060.000.00-0.733-0.5710.127
put28030.6035.500.000.7880.000.00-0.763-0.6450.120
put29040.5045.500.000.8890.000.00-0.786-0.7040.113
put30050.5055.500.001.0190.000.00-0.803-0.7490.108
put31060.5065.500.001.1740.000.00-0.816-0.7900.103
put32070.5075.500.001.2870.000.00-0.827-0.8260.099
put33080.6085.500.001.3450.000.00-0.836-0.8590.096
put34090.6095.500.001.4450.000.00-0.843-0.8880.093
put350100.5105.50.001.5390.000.00-0.849-0.9140.091
put360110.5115.50.001.6840.000.00-0.855-0.9370.089
put370120.5125.50.001.7170.000.00-0.860-0.9600.086

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-054Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-054Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-0510-Q/A2026-09-30SEC
2026-11-04144Filing for proposed sale of securities under Rule 144.SEC
2026-10-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-288-KCurrent report2026-10-28SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-16144Filing for proposed sale of securities under Rule 144.SEC
2026-08-214Statement of changes in beneficial ownership of securities2026-08-19SEC
2026-08-20144Filing for proposed sale of securities under Rule 144.SEC
2026-08-19144Filing for proposed sale of securities under Rule 144.SEC
2026-08-14SCHEDULE 13GSEC
2026-08-1213F-NTFurther understand that each of 13F-HR, 13F-NT, and amendments thereto are mandatory electronic filings (hardship exemption exists to submit in paper; never used to the knowledge of IM staff);2026-06-30SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-11002.48M1
2026-100000
2026-090000
2026-08002.42M5
2026-070000
2026-06003.05M1
2026-05005.89M8
2026-040000
2026-030000
2026-02004.59M2
2026-010000
2025-120000
2025-1100293.80K1

Institutional holders

Manager% owned
BlackRock, Inc.10.10%
VANGUARD PORTFOLIO MANAGEMENT LLC5.49%
PRICE T ROWE ASSOCIATES INC /MD/5.24%
STATE STREET CORP4.65%
VANGUARD CAPITAL MANAGEMENT LLC4.17%
AQR CAPITAL MANAGEMENT LLC3.83%
DIMENSIONAL FUND ADVISORS LP3.22%
FULLER & THALER ASSET MANAGEMENT, INC.3.11%
AMERICAN CENTURY COMPANIES INC3.08%
ALLIANCEBERNSTEIN L.P.2.60%

Funds

Fund% owned
iShares Core S&P Mid-Cap ETF3.42%
Avantis U.S. Small Cap Value ETF2.11%
T. Rowe Price Mid-Cap Value Fund, Inc.1.74%
First Trust SMID Cap Rising Dividend Achievers ETF1.46%
MEDIUM-DURATION BOND FUND1.00%
State Street SPDR S&P MidCap 400SM ETF Trust0.77%
T. Rowe Price New Horizons Fund, Inc.0.67%
First Trust Value Line Dividend Index Fund0.45%
Avantis U.S. Large Cap Value ETF0.39%
Nomura Small Cap Value Fund0.38%

OakChart. THG. Cached 15 minutes.