HANOVER INSURANCE GROUP, INC.
For the period ended Mar 31, 2025. Filed May 1, 2025.
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.
Mar 31, 2025 · Filed May 1, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Other Items
Net income also included the following items:
| Three Months Ended March 31, | |||||
|---|---|---|---|---|---|
| (in millions) | Core Commercial | Specialty | PersonalLines | Other | Total |
| Net realized and unrealized investment losses | $(8.0) | $(4.0) | $(5.2) | $(0.6) | $(17.8) |
| Net realized and unrealized investment gains | $2.6 | $1.3 | $1.6 | $— | $5.5 |
| Other non-operating | — | — | — | (1.4) | (1.4) |
We manage investment assets for our Core Commercial, Specialty, Personal Lines and Other segments based on the requirements of our combined property and casualty insurance companies. We allocate the investment income, expenses, and net realized and unrealized investment gains and losses to our Core Commercial, Specialty, Personal Lines and Other segments based on earned premium and actuarial information related to the underlying businesses.
Net realized and unrealized investment losses were $17.8 million for the three months ended March 31, 2025, compared to net realized and unrealized investment gains of $5.5 million for the three months ended March 31, 2024. For the three months ended March 31, 2025, net realized and unrealized investment losses were primarily due to $18.8 million of net realized losses from sales of investments, primarily lower-yield fixed maturities, in consideration of expiring tax gains from 2022, partially offset by changes in the fair value of equity securities. For the three months ended March 31, 2024, net realized and unrealized investment gains were primarily due to $6.5 million of changes in the fair value of equity securities, partially offset by net realized losses from sales of fixed maturities and other investments.
Income
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.