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Side-by-side financial comparison of HANOVER INSURANCE GROUP, INC. (THG) and Welltower (WELL). Click either name above to swap in a different company.
Welltower is the larger business by last-quarter revenue ($3.4B vs $1.7B, roughly 2.0× HANOVER INSURANCE GROUP, INC.). Welltower runs the higher net margin — 22.4% vs 11.0%, a 11.5% gap on every dollar of revenue. On growth, Welltower posted the faster year-over-year revenue change (38.3% vs 6.1%). Over the past eight quarters, Welltower's revenue compounded faster (55.1% CAGR vs 5.2%).
The Hanover Insurance Group, Inc. is an insurance company based in Worcester, Massachusetts. It was the original name of a property-liability insurance firm established in 1852, and it remained a publicly traded company under that name until the early 1990s, when it changed its name to Allmerica Property & Casualty Companies.
Welltower Inc. is a real estate investment trust that invests in healthcare infrastructure. As of December 31, 2022, the company had investments in approximately 3,000 properties, all of which were in the United States, Canada, and the United Kingdom.
THG vs WELL — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $3.4B |
| Net Profit | $186.8M | $752.3M |
| Gross Margin | — | — |
| Operating Margin | 11.1% | — |
| Net Margin | 11.0% | 22.4% |
| Revenue YoY | 6.1% | 38.3% |
| Net Profit YoY | 45.7% | 192.4% |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $1.7B | $3.4B | ||
| Q4 25 | $1.7B | $2.6B | ||
| Q3 25 | $1.7B | $2.1B | ||
| Q2 25 | $1.7B | $2.0B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.6B | $1.5B | ||
| Q2 24 | $1.5B | $1.4B |
| Q1 26 | $186.8M | $752.3M | ||
| Q4 25 | $198.5M | $117.8M | ||
| Q3 25 | $178.7M | $282.2M | ||
| Q2 25 | $157.1M | $304.6M | ||
| Q1 25 | $128.2M | $257.3M | ||
| Q4 24 | $167.9M | $123.8M | ||
| Q3 24 | $102.1M | $456.8M | ||
| Q2 24 | $40.5M | $260.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 20.0% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | — | 20.2% |
| Q1 26 | 11.1% | — | ||
| Q4 25 | 17.3% | — | ||
| Q3 25 | 14.9% | 14.2% | ||
| Q2 25 | 12.7% | 15.1% | ||
| Q1 25 | 11.6% | 10.7% | ||
| Q4 24 | 16.1% | 6.2% | ||
| Q3 24 | 9.6% | 12.2% | ||
| Q2 24 | 6.2% | 6.5% |
| Q1 26 | 11.0% | 22.4% | ||
| Q4 25 | 11.9% | 4.6% | ||
| Q3 25 | 10.7% | 13.7% | ||
| Q2 25 | 9.5% | 15.5% | ||
| Q1 25 | 8.0% | 13.8% | ||
| Q4 24 | 10.6% | 7.0% | ||
| Q3 24 | 6.5% | 30.2% | ||
| Q2 24 | 2.6% | 18.7% |
| Q1 26 | — | — | ||
| Q4 25 | $5.46 | $0.13 | ||
| Q3 25 | $4.90 | $0.41 | ||
| Q2 25 | $4.30 | $0.45 | ||
| Q1 25 | $3.50 | $0.40 | ||
| Q4 24 | $4.60 | $0.20 | ||
| Q3 24 | $2.80 | $0.73 | ||
| Q2 24 | $1.12 | $0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $243.5M | $4.7B |
| Total DebtLower is stronger | $843.8M | — |
| Stockholders' EquityBook value | $3.0B | $44.7B |
| Total Assets | $16.5B | $67.2B |
| Debt / EquityLower = less leverage | 0.28× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $243.5M | $4.7B | ||
| Q4 25 | $1.1B | $5.0B | ||
| Q3 25 | $915.7M | $6.8B | ||
| Q2 25 | $244.1M | $4.4B | ||
| Q1 25 | $315.1M | $3.5B | ||
| Q4 24 | $435.5M | $3.5B | ||
| Q3 24 | $427.1M | $3.6B | ||
| Q2 24 | $337.6M | $2.8B |
| Q1 26 | $843.8M | — | ||
| Q4 25 | $843.3M | $19.2B | ||
| Q3 25 | $843.0M | $16.9B | ||
| Q2 25 | $347.8M | $16.0B | ||
| Q1 25 | $722.5M | $15.7B | ||
| Q4 24 | $722.3M | $15.5B | ||
| Q3 24 | — | $15.8B | ||
| Q2 24 | — | $13.9B |
| Q1 26 | $3.0B | $44.7B | ||
| Q4 25 | $3.6B | $42.1B | ||
| Q3 25 | $3.4B | $38.8B | ||
| Q2 25 | $3.2B | $35.9B | ||
| Q1 25 | $3.0B | $34.0B | ||
| Q4 24 | $2.8B | $32.0B | ||
| Q3 24 | $2.9B | $30.3B | ||
| Q2 24 | $2.6B | $29.0B |
| Q1 26 | $16.5B | $67.2B | ||
| Q4 25 | $16.9B | $67.3B | ||
| Q3 25 | $16.8B | $59.5B | ||
| Q2 25 | $15.7B | $55.8B | ||
| Q1 25 | $15.5B | $53.3B | ||
| Q4 24 | $15.3B | $51.0B | ||
| Q3 24 | $15.4B | $49.0B | ||
| Q2 24 | $14.9B | $45.5B |
| Q1 26 | 0.28× | — | ||
| Q4 25 | 0.24× | 0.46× | ||
| Q3 25 | 0.25× | 0.43× | ||
| Q2 25 | 0.11× | 0.44× | ||
| Q1 25 | 0.24× | 0.46× | ||
| Q4 24 | 0.25× | 0.49× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
THG
| Premiums earned | $1.6B | 92% |
| Other | $124.6M | 7% |
| Fees and other income | $6.2M | 0% |
WELL
| Resident fees and services | $2.8B | 83% |
| Rental income | $453.8M | 14% |
| Other | $117.2M | 3% |
