Cincinnati Financial vs Hanover Insurance
Cincinnati Financial reported revenue of $12.6 billion in fiscal 2025, 1.9 times Hanover Insurance's $6.6 billion in fiscal 2025. Cincinnati Financial's revenue grew 11.4% in its latest year, and Hanover Insurance's grew 5.7%. Free cash flow was $3.1 billion at Cincinnati Financial and $1.2 billion at Hanover Insurance.
Side by side
| Cincinnati Financial | Hanover Insurance | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $12.6B | $6.6B |
| Revenue growth | 11.4% | 5.7% |
| Revenue growth a year, last 5 years | 10.9% | 6.4% |
| Gross margin | — | — |
| Operating margin | — | 14.2% |
| Net margin | 18.9% | 10.1% |
| Free cash flow | $3.1B | $1.2B |
| Free cash flow margin | 24.5% | 17.8% |
| Return on capital | 17.1% | 21.3% |
| Net debt to EBITDA | −0.3x | 0.1x |
| Dividends and buybacks | $730M | $260M |
| Change in diluted share count | −0.1% | 0.3% |
| Last close | $177.31 | $239.07 |
| P/E at the last close | 10.4× | 11.4× |
| Insider trades, last 12 months | bought $511,128, sold $1.3 million | sold $16.2 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Cincinnati FinancialHanover Insurance
Operating margin
Percent of revenue
Cincinnati FinancialHanover Insurance
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Cincinnati FinancialHanover Insurance
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Cincinnati Financial and Hanover Insurance pages.