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HANOVER INSURAN   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2018201720162015201420132012201120102009
Period End Date12/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/2009
Gross Amount----------------2,970.602,824.30
Assumed from other companies----------------174.8013.80
Ceded to Other Companies----------------304.40291.70
Premiums4,254.403,980.403,789.504,704.804,710.304,450.504,239.103,598.602,841.002,546.40
Net realized investment (losses) gains(50.70)21.1010.2019.5050.1039.5023.6035.0029.7034.30
Total other-than-temporary impairment losses on securities----------(6.00)--(6.90)--(32.90)
Portion of loss recognized in other comprehensive income--------------------
Less investment expenses----------------(6.90)(6.60)
Net investment income267.40243.90231.60279.10270.30269.00276.60258.20247.20252.10
Fixed maturities----------------248.60249.30
Equity securities----------------4.505.20
Policy loans--------------------
Short-term investments--------------------
Mortgage loans--------------------
Other Long-term Investments----------------1.004.20
Derivative instruments--------------------
Fees and other income23.2022.5022.6030.6036.9040.7051.4046.7034.3034.20
Universal life and investment product policy fees--------------------
Other income (loss)--------------------
Total Revenues4,494.304,267.904,053.905,034.005,067.604,793.704,590.703,931.603,152.202,834.10
Loss from selected property and casualty exited agencies, policies, groups, and programs2,724.602,579.602,546.00--------------
Policy benefits, claims, losses and loss adjustment expenses------2,884.102,927.502,761.102,974.402,550.801,856.301,639.20
Policy acquisition expenses----------------600.80581.30
Amortization of deferred acquisition costs891.80840.70803.601,033.201,040.00971.00938.10778.90----
Interest expense45.1045.2051.4060.6065.8065.3061.9055.0044.3035.50
Other operating expenses(522.10)(509.50)(498.60)(631.00)(656.20)(667.20)(587.60)(525.30)(445.20)(341.70)
Gain on disposal of U.K motor business------38.40------------
Total losses and expenses4,211.803,975.003,987.904,594.60--4,464.60--------
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------------------34.50
Net loss from repayment of debt(28.20)--(88.30)(24.10)(0.10)----------
Income before Federal income taxes282.50292.9066.00439.40378.00329.1028.7021.60205.60270.90
Current46.203.1026.2055.8027.108.6018.40(0.60)5.7051.20
Deferred(2.70)73.70(27.20)52.8068.6074.80(35.80)(9.30)50.3031.90
Total federal income tax expense (benefit)43.5076.80(1.00)108.6095.7083.40(17.40)(9.90)56.0083.10
Minority interest: Distributions on mandatorily redeemable preferred securities of a subsidiary trust holding solely jun--------------------
Income from continuing operations239.00216.1067.00330.80282.30245.7046.1031.50149.60187.80
Income from operations of discontinued variable life insurance and annuity business (net of income tax (benefit) expense------0.70(0.30)--9.80------
Loss on disposal of variable life insurance and annuity business (net of income tax benefit)----------------1.60--
Loss on disposal of group life and health business--------------------
Income (loss) from operations of discontinued business, net0.10(16.80)(1.00)----5.30------9.40
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--------------5.20----
Other discontinued operations--------------------
Gain from sale of Chaucer business, net of taxes131.90------------------
Income (loss) from Chaucer business, net of taxes20.00(13.10)89.10--------------
Income (Loss) before Cumulative Effect of Change in Accounting Principle--------------------
Cumulative Effect of Change in Accounting Principle--------------------
Net income (loss) attributable to common stockholders391.00186.20155.10331.50282.00251.0055.9036.70151.20197.20
Basic: Income from continuing operations5.635.081.577.536.415.581.030.703.283.71
Basic: Income from operations of discontinued variable life insurance and annuity business (net of income tax (benefit)----------0.12----0.040.19
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--(0.40)(0.02)0.02----0.220.11----
Basic: Gain on sale of Financial Profiles, Inc., net of income tax expense--------------------
Basic: Income from operations of AMGRO--------------------
Basic - Cumulative effect of change in accounting principle--------------------
Basic: Net income (loss) per share9.214.383.637.556.415.701.250.813.323.90
Diluted: Income from continuing operations5.565.031.557.396.295.471.020.693.233.68
Diluted: Income from operations of discontinued variable life insurance and annuity business (net of income tax (benefit--------(0.01)0.12----0.040.18
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--(0.40)(0.02)0.01----0.210.11----
Diluted: Gain on sale of Financial Profiles, Inc., net of income tax expense--------------------
Dilued: Income from operations of AMGRO--------------------
Diluted - Cumulative effect of change in accounting principle--------------------
Diluted: Net income (loss) per share9.094.333.597.406.285.591.230.803.273.86
Basic - Weighted average shares outstanding42.4042.5042.8043.9044.0044.1044.7045.2045.6050.60
Diluted - Weighted average shares outstanding43.0043.0043.2044.8044.9044.9045.3045.8046.3051.10