vs
Side-by-side financial comparison of HANOVER INSURANCE GROUP, INC. (THG) and Western Union CO (WU). Click either name above to swap in a different company.
HANOVER INSURANCE GROUP, INC. is the larger business by last-quarter revenue ($1.7B vs $982.7M, roughly 1.7× Western Union CO). HANOVER INSURANCE GROUP, INC. runs the higher net margin — 11.0% vs 6.6%, a 4.4% gap on every dollar of revenue. On growth, HANOVER INSURANCE GROUP, INC. posted the faster year-over-year revenue change (6.1% vs 0.0%). Over the past eight quarters, HANOVER INSURANCE GROUP, INC.'s revenue compounded faster (5.2% CAGR vs -1.9%).
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.
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
THG vs WU — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $982.7M |
| Net Profit | $186.8M | $64.7M |
| Gross Margin | — | — |
| Operating Margin | 11.1% | 12.5% |
| Net Margin | 11.0% | 6.6% |
| Revenue YoY | 6.1% | 0.0% |
| Net Profit YoY | 45.7% | -47.6% |
| EPS (diluted) | — | $0.41 |
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 | $982.7M | ||
| Q4 25 | $1.7B | $972.0M | ||
| Q3 25 | $1.7B | $985.3M | ||
| Q2 25 | $1.7B | $983.6M | ||
| Q1 25 | $1.6B | $938.7M | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.6B | $993.4M | ||
| Q2 24 | $1.5B | $1.0B |
| Q1 26 | $186.8M | $64.7M | ||
| Q4 25 | $198.5M | $114.4M | ||
| Q3 25 | $178.7M | $139.6M | ||
| Q2 25 | $157.1M | $122.1M | ||
| Q1 25 | $128.2M | $123.5M | ||
| Q4 24 | $167.9M | $385.7M | ||
| Q3 24 | $102.1M | $264.8M | ||
| Q2 24 | $40.5M | $141.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 33.6% | ||
| Q3 25 | — | 34.7% | ||
| Q2 25 | — | 34.6% | ||
| Q1 25 | — | 34.0% | ||
| Q4 24 | — | 35.0% | ||
| Q3 24 | — | 34.2% | ||
| Q2 24 | — | 35.0% |
| Q1 26 | 11.1% | 12.5% | ||
| Q4 25 | 17.3% | 19.1% | ||
| Q3 25 | 14.9% | 20.5% | ||
| Q2 25 | 12.7% | 19.6% | ||
| Q1 25 | 11.6% | 18.9% | ||
| Q4 24 | 16.1% | 17.5% | ||
| Q3 24 | 9.6% | 16.6% | ||
| Q2 24 | 6.2% | 18.7% |
| Q1 26 | 11.0% | 6.6% | ||
| Q4 25 | 11.9% | 11.8% | ||
| Q3 25 | 10.7% | 14.2% | ||
| Q2 25 | 9.5% | 12.4% | ||
| Q1 25 | 8.0% | 13.2% | ||
| Q4 24 | 10.6% | 37.9% | ||
| Q3 24 | 6.5% | 26.7% | ||
| Q2 24 | 2.6% | 13.8% |
| Q1 26 | — | $0.41 | ||
| Q4 25 | $5.46 | $0.36 | ||
| Q3 25 | $4.90 | $0.43 | ||
| Q2 25 | $4.30 | $0.37 | ||
| Q1 25 | $3.50 | $0.36 | ||
| Q4 24 | $4.60 | $1.14 | ||
| Q3 24 | $2.80 | $0.78 | ||
| Q2 24 | $1.12 | $0.41 |
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 | $909.2M |
| Total DebtLower is stronger | $843.8M | — |
| Stockholders' EquityBook value | $3.0B | $910.5M |
| Total Assets | $16.5B | $8.1B |
| Debt / EquityLower = less leverage | 0.28× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $243.5M | $909.2M | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $915.7M | $947.8M | ||
| Q2 25 | $244.1M | $1.0B | ||
| Q1 25 | $315.1M | $1.3B | ||
| Q4 24 | $435.5M | $1.5B | ||
| Q3 24 | $427.1M | $1.1B | ||
| Q2 24 | $337.6M | $1.0B |
| Q1 26 | $843.8M | — | ||
| Q4 25 | $843.3M | $2.9B | ||
| Q3 25 | $843.0M | $2.5B | ||
| Q2 25 | $347.8M | $2.5B | ||
| Q1 25 | $722.5M | $2.5B | ||
| Q4 24 | $722.3M | $3.0B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B |
| Q1 26 | $3.0B | $910.5M | ||
| Q4 25 | $3.6B | $957.8M | ||
| Q3 25 | $3.4B | $925.4M | ||
| Q2 25 | $3.2B | $883.6M | ||
| Q1 25 | $3.0B | $939.4M | ||
| Q4 24 | $2.8B | $968.9M | ||
| Q3 24 | $2.9B | $652.7M | ||
| Q2 24 | $2.6B | $440.8M |
| Q1 26 | $16.5B | $8.1B | ||
| Q4 25 | $16.9B | $8.3B | ||
| Q3 25 | $16.8B | $7.8B | ||
| Q2 25 | $15.7B | $8.0B | ||
| Q1 25 | $15.5B | $8.3B | ||
| Q4 24 | $15.3B | $8.4B | ||
| Q3 24 | $15.4B | $7.7B | ||
| Q2 24 | $14.9B | $8.0B |
| Q1 26 | 0.28× | — | ||
| Q4 25 | 0.24× | 3.01× | ||
| Q3 25 | 0.25× | 2.70× | ||
| Q2 25 | 0.11× | 2.83× | ||
| Q1 25 | 0.24× | 2.61× | ||
| Q4 24 | 0.25× | 3.04× | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 4.88× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $109.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | — | 1.68× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $109.0M | ||
| Q4 25 | $378.2M | $135.4M | ||
| Q3 25 | $554.4M | $260.4M | ||
| Q2 25 | $206.6M | $-300.0K | ||
| Q1 25 | $38.9M | $148.2M | ||
| Q4 24 | $213.5M | $134.0M | ||
| Q3 24 | $394.7M | $212.1M | ||
| Q2 24 | $139.5M | $-33.8M |
| Q1 26 | — | — | ||
| Q4 25 | $377.0M | $115.5M | ||
| Q3 25 | $551.4M | $252.7M | ||
| Q2 25 | $204.9M | $-7.8M | ||
| Q1 25 | $37.1M | $144.8M | ||
| Q4 24 | $210.5M | $119.7M | ||
| Q3 24 | $392.3M | $205.1M | ||
| Q2 24 | $137.3M | $-38.9M |
| Q1 26 | — | — | ||
| Q4 25 | 22.6% | 11.9% | ||
| Q3 25 | 33.1% | 25.6% | ||
| Q2 25 | 12.4% | -0.8% | ||
| Q1 25 | 2.3% | 15.4% | ||
| Q4 24 | 13.3% | 11.8% | ||
| Q3 24 | 25.1% | 20.6% | ||
| Q2 24 | 8.9% | -3.8% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | 0.1% | 2.0% | ||
| Q3 25 | 0.2% | 0.8% | ||
| Q2 25 | 0.1% | 0.8% | ||
| Q1 25 | 0.1% | 0.4% | ||
| Q4 24 | 0.2% | 1.4% | ||
| Q3 24 | 0.2% | 0.7% | ||
| Q2 24 | 0.1% | 0.5% |
| Q1 26 | — | 1.68× | ||
| Q4 25 | 1.91× | 1.18× | ||
| Q3 25 | 3.10× | 1.87× | ||
| Q2 25 | 1.32× | -0.00× | ||
| Q1 25 | 0.30× | 1.20× | ||
| Q4 24 | 1.27× | 0.35× | ||
| Q3 24 | 3.87× | 0.80× | ||
| Q2 24 | 3.44× | -0.24× |
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% |
WU
Segment breakdown not available.
