HANOVER INSURANCE GROUP INC
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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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
THG$245.23+1.0%Stored close · as of Nov 9, 2026
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Consolidated Balance Sheets
| June 30, | December 31, | |
|---|---|---|
| (In millions, except share data) | 2024 | 2023 |
| Assets | ||
| Investments: | ||
| Fixed maturities, at fair value (amortized cost of $8,680.0 and $8,573.9) | $8,059.1 | $7,985.3 |
| Equity securities, at fair value | 138.5 | 130.9 |
| Other investments | 785.8 | 796.9 |
| Total investments | 8,983.4 | 8,913.1 |
| Cash and cash equivalents | 337.6 | 316.1 |
| Accrued investment income | 62.3 | 58.2 |
| Premiums and accounts receivable, net | 1,813.7 | 1,705.6 |
| Reinsurance recoverable on paid and unpaid losses and unearned premiums | 2,037.5 | 2,056.1 |
| Deferred acquisition costs | 634.7 | 620.8 |
| Deferred income tax asset | 183.8 | 173.3 |
| Goodwill | 178.8 | 178.8 |
| Other assets | 556.1 | 504.0 |
| Assets of discontinued businesses | 84.3 | 86.6 |
| Total assets | $14,872.2 | $14,612.6 |
| Liabilities | ||
| Loss and loss adjustment expense reserves | $7,463.1 | $7,308.1 |
| Unearned premiums | 3,168.4 | 3,102.5 |
| Expenses and taxes payable | 735.2 | 775.9 |
| Reinsurance premiums payable | 59.2 | 64.3 |
| Debt | 783.7 | 783.2 |
| Liabilities of discontinued businesses | 110.4 | 113.0 |
| Total liabilities | 12,320.0 | 12,147.0 |
| Commitments and contingencies | ||
| Shareholders’ Equity | ||
| Preferred stock, par value $0.01 per share; 20.0 million shares authorized; none issued | — | — |
| Common stock, par value $0.01 per share; 300.0 million shares authorized; 60.5 million shares issued | 0.6 | 0.6 |
| Additional paid-in capital | 1,951.9 | 1,939.2 |
| Accumulated other comprehensive loss | (540.8) | (517.2) |
| Retained earnings | 3,003.4 | 2,909.4 |
| Treasury stock at cost (24.5 million and 24.7 million shares) | (1,862.9) | (1,866.4) |
| Total shareholders’ equity | 2,552.2 | 2,465.6 |
| Total liabilities and shareholders’ equity | $14,872.2 | $14,612.6 |
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