Hanover Insurance Gross Margin 2010-2024 | THG

Hanover Insurance gross margin for the quarter ending September 30, 2024 was 38.32%.

  • Hanover Insurance average gross margin for 2023 was 29.64%, a 21.3% increase from 2022.
  • Hanover Insurance average gross margin for 2022 was 37.66%, a 9.14% decline from 2021.
  • Hanover Insurance average gross margin for 2021 was 41.45%, a 4.54% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.

Hanover Insurance Gross Margin 2010-2024 | THG

  • Hanover Insurance average gross margin for 2023 was 29.64%, a 21.3% increase from 2022.
  • Hanover Insurance average gross margin for 2022 was 37.66%, a 9.14% decline from 2021.
  • Hanover Insurance average gross margin for 2021 was 41.45%, a 4.54% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.
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