The Hanover Insurance Group Valuation Multiples

The Hanover Insurance Group Overview

About The Hanover Insurance Group

The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business through Hanover Insurance, Citizens and other THG subsidiaries. The company conducts business operations through four operating segments: Core Commercial, Specialty, Personal Lines, and Other. The company operates an investment portfolio that is exposed to fixed-income securities.

Founded

1995

HQ

Employees

4.9K

Website

hanover.com

Sectors

Insurance Carriers

Financials (LTM)

Revenue: $6B

EBITDA: $906M

EV

$6B

Valuation Multiples

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The Hanover Insurance Group Financials

The Hanover Insurance Group reported last 12-month revenue of $6B and EBITDA of $906M.

In the same LTM period, The Hanover Insurance Group generated $906M in EBITDA and $652M in net income.

The Hanover Insurance Group P&L

In the most recent fiscal year, The Hanover Insurance Group reported revenue of $7B and EBITDA of $933M.

The Hanover Insurance Group expects next 12-month revenue of XXX and NTM EBITDA of XXX

The Hanover Insurance Group Stock Performance

The Hanover Insurance Group has current market cap of $6B, and enterprise value of $6B.

The Hanover Insurance Group's stock price is $181.68.

The Hanover Insurance Group Valuation Multiples

The Hanover Insurance Group trades at 1.0x EV/Revenue multiple, and 7.2x EV/EBITDA.

The Hanover Insurance Group Financial Valuation Multiples

As of March 24, 2026, The Hanover Insurance Group has market cap of $6B and EV of $6B.

Equity research analysts estimate The Hanover Insurance Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

The Hanover Insurance Group has a P/E ratio of 9.8x.

The Hanover Insurance Group Margins & Growth Rates

The Hanover Insurance Group's revenue in the last 12 month grew by 6%.

The Hanover Insurance Group's revenue per employee in the last FY averaged $1.3M.

The Hanover Insurance Group's rule of 40 is 20% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

The Hanover Insurance Group's rule of X is 28% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

The Hanover Insurance Group Public Comps

See public comps and valuation multiples for other Insurance Carriers comps.

The Hanover Insurance Group M&A Activity

The Hanover Insurance Group acquired XXX companies to date.

Last acquisition by The Hanover Insurance Group was on XXXXXXXX, XXXXX. The Hanover Insurance Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

The Hanover Insurance Group Investment Activity

The Hanover Insurance Group invested in XXX companies to date.

The Hanover Insurance Group made its latest investment on XXXXXXXX, XXXXX. The Hanover Insurance Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).