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HANOVER INSURAN   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Gross Amount--------------------
Assumed from other companies--------------------
Ceded to Other Companies--------------------
Premiums5,912.605,663.105,252.304,770.204,527.404,474.504,254.404,833.404,628.104,704.80
Net realized investment (losses) gains(84.20)(32.50)(106.50)123.005.00109.40(50.70)23.708.6046.30
Total other-than-temporary impairment losses on securities(5.80)----------------(26.80)
Portion of loss recognized in other comprehensive income--------------------
Less investment expenses--------------------
Net investment income372.60332.10296.30310.70265.10281.30267.40298.10279.40279.10
Fixed maturities--------------------
Equity securities--------------------
Policy loans--------------------
Short-term investments--------------------
Mortgage loans--------------------
Other Long-term Investments--------------------
Derivative instruments--------------------
Fees and other income28.0030.8026.5023.9029.8025.5023.2029.2029.7030.60
Universal life and investment product policy fees--------------------
Other income (loss)--------------------
Net change in fair value of equity securities14.20------------------
Total Revenues6,237.405,993.505,468.605,227.804,827.304,890.704,494.305,184.404,945.805,034.00
Loss from selected property and casualty exited agencies, policies, groups, and programs3,757.404,134.603,623.403,134.202,845.202,865.502,724.60------
Policy benefits, claims, losses and loss adjustment expenses--------------3,128.702,964.702,884.10
Policy acquisition expenses--------------------
Amortization of deferred acquisition costs1,221.701,176.001,093.20982.70951.00926.70891.801,086.601,035.201,033.20
Interest expense34.1034.1034.1034.0037.1037.5045.1048.5054.9060.10
Other operating expenses(686.40)(607.70)(573.90)(555.60)(543.00)(538.90)(522.10)(619.10)(611.50)(655.60)
Gain on disposal of U.K motor business----------------1.1038.40
Total losses and expenses5,699.605,952.405,324.60--4,382.504,368.604,211.804,882.90--4,594.60
Restructuring costs--------------------
Voluntary pool environmental losses--------------------
Gain from retirement of trust instruments supported by funding obligations--------------------
Net losses (gains) on derivative instruments--------------------
Income from sale of universal life business--------------------
(Loss) gain from retirement of debt--------------------
Net loss from repayment of debt--------(6.20)--(28.20)--(88.30)--
Income before Federal income taxes537.8041.10144.00521.30444.80522.10282.50301.50192.30439.40
Current131.1032.6073.7077.50105.9080.5046.2057.4052.1055.80
Deferred(18.60)(25.00)(46.50)23.80(23.10)12.60(2.70)41.10(15.90)52.80
Total federal income tax expense (benefit)112.507.6027.20101.3082.8093.1043.5098.5036.20108.60
Minority interest: Distributions on mandatorily redeemable preferred securities of a subsidiary trust holding solely jun--------------------
Income from continuing operations425.3033.50116.80420.00362.00429.00239.00203.00156.10330.80
Income from operations of discontinued variable life insurance and annuity business (net of income tax (benefit) expense----(0.80)--(3.70)----(16.80)(1.00)--
Loss on disposal of variable life insurance and annuity business (net of income tax benefit)--------------------
Income (loss) from operations of discontinued business, net--0.60--(2.50)--(4.30)0.10----0.70
Gain on sale of Financial Profiles, Inc., net of income tax expense--------------------
Discontinued operations: Income from the operations of AMGRO, net of tax benefit, including gain on disposal--------------------
Gain (loss) from operations of discontinued accident and health business--------------------
Other discontinued operations--------------------
Gain from sale of Chaucer business, net of taxes----------(1.20)131.90------
Income (loss) from Chaucer business, net of taxes0.701.20--1.200.401.6020.00------
Income (Loss) before Cumulative Effect of Change in Accounting Principle--------------------
Cumulative Effect of Change in Accounting Principle--------------------
Net income (loss) attributable to common stockholders426.0035.30116.00418.70358.70425.10391.00186.20155.10331.50
Basic: Income from continuing operations11.830.943.2811.709.6110.725.634.783.657.53
Basic: Income from operations of discontinued variable life insurance and annuity business (net of income tax (benefit)--------(0.10)------(0.02)0.02
Basic: Loss on disposal of variable life insurance and annuity business (net of income tax benefit)--------------------
Basic: Loss on disposal of group life and health business--------------------
Basic: Income from operations of discontinued business, net--0.02(0.02)(0.06)--(0.11)--(0.40)----
Basic: Gain on sale of Financial Profiles, Inc., net of income tax expense--------------------
Basic: Income from operations of AMGRO--------------------
Sale of Chaucer business----------(0.03)3.11------
Income (loss) from Chaucer business0.020.03--0.030.010.040.47------
Basic - Cumulative effect of change in accounting principle--------------------
Basic: Net income (loss) per share11.850.993.2611.679.5210.629.214.383.637.55
Diluted: Income from continuing operations11.680.933.2311.529.5010.565.564.733.617.39
Diluted: Income from operations of discontinued variable life insurance and annuity business (net of income tax (benefit--------(0.09)------(0.02)0.01
Diluted - Loss on disposal of variable life insurance and annuity business (net of income tax benefit)--------------------
Diluted: Loss on disposal of group life and health business--------------------
Diluted: Income from operations of discontinued business, net--0.02(0.02)0.03--(0.11)--(0.40)----
Diluted: Gain on sale of Financial Profiles, Inc., net of income tax expense--------------------
Dilued: Income from operations of AMGRO--------------------
Sale of Chaucer business----------(0.03)3.07------
Income (loss) from Chaucer business0.020.03--(0.06)0.010.040.46------
Diluted - Cumulative effect of change in accounting principle--------------------
Diluted: Net income (loss) per share11.700.983.2111.499.4210.469.094.333.597.40
Basic - Weighted average shares outstanding35.9035.7035.6035.9037.7040.0042.4042.5042.8043.90
Diluted - Weighted average shares outstanding36.4036.1036.1036.4038.1040.6043.0043.0043.2044.80