• Hanover Insurance average ebitda margin for 2023 was -0.03%, a 100.38% decline from 2022.
• Hanover Insurance average ebitda margin for 2022 was 7.82%, a 36.37% decline from 2021.
• Hanover Insurance average ebitda margin for 2021 was 12.29%, a 33.59% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.