Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.05B | $4.27B | $4.49B | $4.89B | $4.82B | $5.23B | $5.47B | $5.99B | $6.24B | $6.59B |
| Revenue growth | — | 5.3% | 5.3% | 8.8% | -1.3% | 8.4% | 4.6% | 9.6% | 4.1% | 5.7% |
| Operating income | $193M | $327M | $407M | $454M | $485M | $432M | $285M | $106M | $650M | $933M |
| Operating margin | 4.8% | 7.7% | 9.0% | 9.3% | 10.0% | 8.3% | 5.2% | 1.8% | 10.4% | 14.1% |
| Net income | $155M | $186M | $391M | $425M | $359M | $423M | $116M | $35.3M | $426M | $663M |
| Net margin | 3.8% | 4.4% | 8.7% | 8.7% | 7.4% | 8.1% | 2.1% | 0.6% | 6.8% | 10.0% |
| EPS (diluted) | $3.59 | $4.33 | $9.09 | $10.46 | $9.42 | $11.60 | $3.21 | $0.98 | $11.70 | $18.16 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $743M | $705M | $551M | $603M | $708M | $824M | $722M | $362M | $806M | $1.18B |
| Capital expenditures | $15.7M | $18.6M | $13.1M | $13.3M | $14.9M | $8.00M | $17.8M | $11.9M | $10.2M | $7.70M |
| Free cash flow | $728M | $686M | $538M | $590M | $693M | $816M | $705M | $350M | $796M | $1.17B |
| Share buybacks | $106M | $37.2M | $57.7M | $564M | $213M | $163M | $30.8M | $0.00 | $26.7M | $129M |
| Dividends paid | $80.4M | $86.8M | $94.3M | $386M | $99.5M | $102M | $109M | $117M | $124M | $131M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $283M | $298M | $1.02B | $216M | $121M | $231M | $305M | $316M | $436M | $1.12B |
| Total assets | $14.2B | $15.5B | $12.4B | $12.5B | $13.4B | $14.3B | $14.0B | $14.6B | $15.3B | $16.9B |
| Total liabilities | $11.4B | $12.5B | $9.45B | $9.57B | $10.2B | $11.1B | $11.7B | $12.1B | $12.4B | $13.4B |
| Long-term debt | $786M | $787M | $778M | $653M | — | — | — | $783M | $722M | $843M |
| Shareholders' equity | $2.86B | $3.00B | $2.95B | $2.92B | $3.20B | $3.14B | $2.33B | $2.47B | $2.84B | $3.57B |
| Retained earnings | $1.88B | $1.98B | $2.18B | $2.41B | $2.67B | $2.98B | $2.99B | $2.91B | $3.21B | $3.74B |
| Shares (wtd avg diluted) | 43.2M | 43.0M | 43.0M | 40.6M | 38.1M | 36.4M | 36.1M | 36.1M | 36.4M | 36.5M |
Every figure is extracted from HANOVER INSURANCE GROUP, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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