• Hanover Insurance average ebit margin for 2023 was -0.3%, a 104.03% decline from 2022.
• Hanover Insurance average ebit margin for 2022 was 7.44%, a 37.48% decline from 2021.
• Hanover Insurance average ebit margin for 2021 was 11.9%, a 37.57% decline from 2020.

Ebit margin can be defined as earnings before interest and taxes as a portion of total revenues