How Hanover Insurance Group makes money

Period

FY2025

How does Hanover Insurance Group make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Hanover Insurance Group Inc · FY2025 · year ended 2025-12-31

Revenue$6.6BGross profit$6.6B · 100%Cost of revenue$0 · 0%Operating income$933M · 14%Operating expenses$5.7B · 86%Other opex$5.7B · 86%Pre-tax income$846M · 13%Other expense$87M · 1%Net income$663M · 10%Income tax$183M · 3%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.