HANOVER INSURANCE GROUP, INC.

Fire, Marine & Casualty Insurance·WORCESTER, MA·FY end 12/31·CIK 944695

CEO Pay Ratio

85:1

John C. Roche

CEO Total Comp

$10.5M

John C. Roche

Median Employee

$6,176

Revenue

$6.6B

FY 2025

Net Income

$662.5M

FY 2025

Free Cash Flow

$1.2B

FY 2025

Net Margin

10.0%

Insider Net (180d)

-$2.1M

0 buys / 6 sales

CEO Pay Accountability

CEO comp as % of net income

1.58%

For every $1,000 of profit, $15.83 flows to the CEO.

CEO comp as % of buybacks

8.12%

CEO comp equals 81.2‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$6.6B	$6.2B	$6.0B	$5.5B	$5.2B
Gross Profit	—	—	—	—	—	—
Operating Income	$933.0M	$650.1M	$105.6M	$285.1M	$432.3M
Net Income	$662.5M	$426.0M	$35.3M	$116.0M	$418.7M
Operating CF	$1.2B	$806.4M	$361.7M	$722.3M	$823.7M
Capex	$7.7M	$10.2M	$11.9M	$17.8M	$8.0M
Free Cash Flow	$1.2B	$796.2M	$349.8M	$704.5M	$815.7M
Buybacks	$129.2M	$26.7M	—	$30.8M	$162.6M
Dividends	—	—	—	—	—	—

Gross Margin	—	—	—	—	—	—
Operating Margin	14.1%	10.4%	1.8%	5.2%	8.3%
Net Margin	10.0%	6.8%	0.6%	2.1%	8.0%
FCF Margin	17.7%	12.8%	5.8%	12.9%	15.6%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	21.7%	20.9%	18.5%	18.9%	19.4%
Debt / Equity	0.24	0.25	—	—	—
Buybacks / FCF	11.0%	3.4%	—	4.4%	19.9%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
John C. RochePresident and CEO	$1.1M	$4.6M	$1.4M	$3.2M	$124.5K	$10.5M
Jeffrey M. FarberEVP and CFO	$800.4K	$1.6M	$500.0K	$1.5M	$82.5K	$4.5M
Richard W. LaveyEVP and COO	$738.5K	$1.1M	$331.3K	$1.3M	$73.4K	$3.5M
Bryan J. SalvatoreEVP and President, Specialty	$687.3K	$945.5K	$287.5K	$1.2M	$64.7K	$3.2M
Dennis F. KerriganEVP, CLO and Corporate Secretary	$613.8K	$575.7K	$175.0K	$694.4K	$80.2K	$2.1M