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Hanover Insurance price to book ratio THG

Market value divided by the book value of the company's net assets, since 2010.

Today, Oct 23, 2026
2.3×
10-year median
1.7×
Against its 10-year history
99th
percentile: 0 is its lowest day, 100 its highest
10-year range
1.1× to 2.3×
Peer median
1.4×

Hanover Insurance's price to book ratio is 2.3× as of Oct 23, 2026.

That is above its ten-year median of 1.7×, higher than on 99% of days in the last ten years.

Over that time it ranged from 1.1× in Oct 2016 to 2.3× in Feb 2024.

The median for 10 property and casualty insurers of a similar size is 1.4×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far2.3×1.7×2.3×
20251.9×1.8×2.2×
20241.9×1.7×2.3×
20232.1×1.6×2.2×
20222.1×1.5×2.3×
20211.5×1.3×1.7×
20201.4×1.1×1.8×
20191.7×1.6×1.8×
20181.6×1.5×1.9×
20171.5×1.2×1.5×
20161.3×1.1×1.4×
20151.2×1.1×1.3×
20141.1×1.0×1.1×
20131.0×0.7×1.1×
20120.6×0.6×0.8×
20110.6×0.6×0.9×
20100.9×0.8×0.9×

Against its peers

Companies in Insurance - Property & Casualty nearest Hanover Insurance's size, closest first, today.

CompanyPrice to book ratio
THGHanover Insurance2.3×
KNSLKinsale Capital4.1×
AXSAxis Capital1.2×
RLIRLI3.5×
SIGISelective Insurance1.7×
MCYMercury General2.0×
AFGAmerican Financial2.6×
WTMWhite Mountains Insurance1.0×
CNACNA Financial1.2×
RNRRenaissancere1.2×
EGEverest1.0×
Peer median1.4×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Hanover Insurance

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.