Company / Operating Income
Hanover Insurance Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$933.0M
FY2025
5-year range
$105.6M / $933.0M
FY2021-FY2025
Trend
+43.5%
vs FY2024
Sector context
#27 of 118
Financials
What the data says
Hanover Insurance's operating income of $933M is higher than 77% of companies in the Financials sector (FY2025). Operating Income has fluctuated over the past 10 years, ranging from $106M in FY2023 to $933M in FY2025.
Based on SEC 10-K filings.
$933M in FY2025 with a 5-year CAGR of +18.1%. Top quartile in the Financials sector.
Improved from $106M to $933M over the past 2 years.
Financials sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- +48.5%
- 5-Year CAGR
- +18.1%
- 10-Year CAGR
- -
Sector benchmark
-16.1% below sector average
Key checks
Key Insights
- 5-year CAGR of +18.1%, indicating consistent growth.
- In FY2025, operating income increased 43.5% year-over-year.
- Ranks #27 out of 118 companies in the Financials sector.
- Lowest operating income in the period was in FY2023.
Company context
Key Data Points
- Altman Z-Score 0.86 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $933.0M | +43.5% |
| FY2024 | $650.1M | +515.6% |
| FY2023 | $105.6M | -63.0% |
| FY2022 | $285.1M | -34.1% |
| FY2021 | $432.3M | +6.3% |
| FY2020 | $406.5M | -10.4% |
| FY2019 | $453.6M | +135.1% |
| FY2018 | $192.9M | -58.6% |
| FY2017 | $466.1M | +141.6% |
| FY2016 | $192.9M | -58.6% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026