• Hanover Insurance average pre-tax profit margin for 2023 was -0.91%, a 113.32% decline from 2022.
• Hanover Insurance average pre-tax profit margin for 2022 was 6.83%, a 38.8% decline from 2021.
• Hanover Insurance average pre-tax profit margin for 2021 was 11.16%, a 43.44% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.