HANOVER INSURANCE GROUP INC
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
View on SEC.govAbout 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.
Jun 30, 2024 · Filed Aug 1, 2024
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2024-03-31; filed 2024-05-02.
0000950170-24-052129
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsOther InformationCurrent report: 10-Q
Period ended 2024-06-30; filed 2024-08-01.
0000950170-24-089179
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsOther InformationThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 41 previous paragraphs and 39 current paragraphs.
31 unchanged; 8 reworded; 0 added; 2 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 1 previous and 1 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Removed paragraphs (2)
Previous report
On February 28, 2024, Richard W. Lavey, the Company’s Executive Vice President and President, Hanover Agency Markets, adopted a trading plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) (the “10b5-1 Plan”). The 10b5-1 Plan provides for the exercise, and subsequent sale, of options to purchase an aggregate of 11,826 shares of the Company’s common stock that were issued to Mr. Lavey on February 27, 2015 (the “2015 Options”). The 2015 Options expire on February 27, 2025. The 10b5-1 Plan expires on February 27, 2025 or upon an earlier date if and when all the 2015 Options are exercised and sold. The amount of shares actually sold will depend on the satisfaction of certain conditions as set forth in the 10b5-1 Plan.
Reworded paragraphs (8)
Previous wording
adverse claims experience or changes in our estimates of loss and loss adjustment expense reserves, including with respect to catastrophes, which may result in lower current year underwriting income or adverse loss development, and could impact our carried reserves;
Current wording
adverse claims experience or changes in our estimates of loss and loss adjustment expense reserves, including with respect to catastrophes, which may result in lower current year underwriting results or adverse loss development, and could impact our carried reserves;
Previous wording
disruption in our distribution channels, including the loss or disruption of our independent agency channel, including the impact of competition and consolidation in the industry and among agents and brokers;
Current wording
disruption in our distribution channels, including the loss or disruption of our independent agency channel, and the impact of competition and consolidation in the industry and among agents and brokers;
Previous wording
changes in weather patterns, whether as a result of global climate change, or otherwise, and global climate change-driven systemic transitions, causing a higher level of losses from weather events to persist and leading to new or enhanced regulations;
Current wording
impacts of changing climate conditions and weather patterns, causing higher levels of losses from weather events to persist and leading to new or enhanced regulations;
Previous wording
operating difficulties and other unintended consequences from the introduction of new products and related technology changes and applications, including the use of pricing models and artificial intelligence, as well as new operating models;
Current wording
operating difficulties and other unintended consequences from the introduction of new products and related technology changes and applications, including the use of pricing models and artificial intelligence, as well as new operating models, particularly as business processes become more digital;
Previous wording
an inability to be compliant with recently implemented regulations or existing regulation, such as those relating to Sarbanes-Oxley, or a failure of internal controls;
Current wording
an inability to be compliant with recently implemented regulations or existing regulations, such as those relating to Sarbanes-Oxley, or a failure of internal controls;
Previous wording
continuing risks and uncertainties associated with the residual impacts of the COVID-19 Pandemic and related general economic and socio-economic conditions; and
Current wording
risks and uncertainties associated with pandemics and related economic and socio-economic conditions; and
Previous wording
Shares purchased in the first quarter of 2024 are as follows:
Current wording
Shares purchased in the second quarter of 2024 are as follows:
Previous wording
No other officer or director adopted, modified, orterminated a contract, instruction or written plan for the purchase or sale of the Company’s securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or a non-Rule 10b5-1 trading arrangement during the first quarter ended March 31, 2024.
Current wording
During the three months ended June 30, 2024, none of the Company’s directors or officers (as defined in Rule 16a-1(f) of the Exchange Act)adopted, modified, orterminated a contract, instruction or written plan for the purchase or sale of the Company’s securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or a non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K of the Securities Act of 1933).