HANOVER INSURANCE GROUP INC

For the period ended Mar 31, 2024. Filed May 2, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 2, 2024

THG$250.21+2.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Income (Loss)

	Three Months Ended
	March 31,
(In millions, except per share data)	2024	2023
Revenues
Premiums	$1,448.6	$1,380.0
Net investment income	89.7	78.7
Net realized and unrealized investment gains (losses):
Net realized losses from sales and other	(1.3)	(1.1)
Net change in fair value of equity securities	6.5	(7.1)
Recoveries (impairments) on investments:
Credit-related recoveries (impairments)	0.3	(4.5)
Losses on intent to sell securities	—	(10.3)
	0.3	(14.8)
Total net realized and unrealized investment gains (losses)	5.5	(23.0)
Fees and other income	7.3	8.0
Total revenues	1,551.1	1,443.7
Losses and expenses
Losses and loss adjustment expenses	935.2	1,017.4
Amortization of deferred acquisition costs	299.0	288.8
Interest expense	8.5	8.5
Other operating expenses	163.1	146.5
Total losses and expenses	1,405.8	1,461.2
Income (loss) before income taxes	145.3	(17.5)
Income tax expense (benefit):
Current	28.7	2.2
Deferred	1.1	(7.7)
Total income tax expense (benefit)	29.8	(5.5)
Net income (loss)	115.5	(12.0)
Earnings per common share:
Basic:
Net income (loss) per share	$3.22	$(0.34)
Weighted average shares outstanding	35.8	35.6
Diluted:
Net income (loss) per share	$3.18	$(0.34)
Weighted average shares outstanding	36.3	35.6

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.