HANOVER INSURANCE GROUP INC
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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Jun 30, 2024 · Filed Aug 1, 2024
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Critical Accounting Estimates
Interim consolidated financial statements have been prepared in conformity with U.S. GAAP and include certain accounting policies that we consider to be critical due to the amount of judgment and uncertainty inherent in the application of those policies. While we believe that the amounts included in our consolidated financial statements reflect our best judgment, the use of different assumptions could produce materially different accounting estimates. As disclosed in our 2023 Annual Report on Form 10-K, we believe the following accounting estimates are critical to our operations and require the most subjective and complex judgment:
Reserve for losses and loss expenses
Reinsurance recoverable balances
Pension benefit obligations
Investment credit losses
For a more detailed discussion of these critical accounting estimates, see our 2023 Annual Report on Form 10-K.
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