Mercury General vs Hanover Insurance
Hanover Insurance reported revenue of $6.6 billion in fiscal 2025, about the same as Mercury General's $6.0 billion in fiscal 2025. Mercury General's revenue grew 9.4% in its latest year, and Hanover Insurance's grew 5.7%. Free cash flow was $1.0 billion at Mercury General and $1.2 billion at Hanover Insurance.
Side by side
| Mercury General | Hanover Insurance | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $6.0B | $6.6B |
| Revenue growth | 9.4% | 5.7% |
| Revenue growth a year, last 5 years | 9.6% | 6.4% |
| Gross margin | 99.8% | — |
| Operating margin | — | 14.2% |
| Net margin | 9.0% | 10.1% |
| Free cash flow | $1.0B | $1.2B |
| Free cash flow margin | 17.2% | 17.8% |
| Return on capital | 39.4% | 21.3% |
| Net debt to EBITDA | −1.4x | 0.1x |
| Dividends and buybacks | $70M | $260M |
| Change in diluted share count | 0.0% | 0.3% |
| Last close | $82.61 | $242.90 |
| P/E at the last close | 7.1× | 11.6× |
| Insider trades, last 12 months | bought $49,912, sold $0 | sold $18.7 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ 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
Mercury GeneralHanover Insurance
Operating margin
Percent of revenue
Mercury GeneralHanover Insurance
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Mercury GeneralHanover 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 Mercury General and Hanover Insurance pages.