Below are the financial statements of Hanover Insurance Group, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues | — | — | — |
| Premiums | 5,912.6a | 5,663.1a | 5,252.3a |
| Net investment income | 372.6a | 332.1a | 296.3a |
| Net realized and unrealized investment gains (losses) | — | — | — |
| Net realized losses from sales and other | -84.2a | -8.9a | -26.5a |
| Net change in fair value of equity securities | 14.2a | -5.6a | -63.3a |
| Impairments on investments | — | — | — |
| Credit-related impairments | -3.6a | -7.7a | -1.9a |
| Losses on intent to sell securities | -2.2a | -10.3a | -14.8a |
| Total impairments on investments | -5.8a | -18a | -16.7a |
| Total net realized and unrealized investment losses | -75.8a | -32.5a | -106.5a |
| Fees and other income | 28a | 30.8a | 26.5a |
| Total revenues | 6,237.4a | 5,993.5a | 5,468.6a |
| Losses and expenses | — | — | — |
| Losses and loss adjustment expenses | -3,757.4a | -4,134.6a | -3,623.4a |
| Amortization of deferred acquisition costs | -1,221.7a | -1,176a | -1,093.2a |
| Interest expense | -34.1a | -34.1a | -34.1a |
| Other operating expenses | -686.4a | -607.7a | -573.9a |
| Total losses and expenses | -5,699.6a | -5,952.4a | -5,324.6a |
| Income from continuing operations before income taxes | 537.8a | 41.1a | 144a |
| Income tax expense (benefit) | — | — | — |
| Current | -131.1a | -32.6a | -73.7a |
| Deferred | -18.6a | -25a | -46.5a |
| Total income tax expense | -112.5a | -7.6a | -27.2a |
| Income from continuing operations | 425.3a | 33.5a | 116.8a |
| Discontinued operations | — | — | — |
| Income from Chaucer business, net of taxes | 0.7a | 1.2a | 0a |
| Income (loss) from discontinued life businesses, net of taxes | 0a | 0.6a | -0.8a |
| Net income | 426a | 35.3a | 116a |
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