EX-12.1 4 dex121.htm COMPUTATION OF RATIO OF EARNINGS Computation of Ratio of Earnings

Exhibit 12.1

The Hanover Insurance Group, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in millions, except ratios)

Including realized gains and losses

 

     Nine Months
Ended		    Fiscal Years Ended
     September 30,
2009		    December 31,
2008		    December 31,
2007		    December 31,
2006		    December 31,
2005		    December 31,
2004

Earnings before income taxes, minority interest, extraordinary items and cumulative effect of accounting changes

    197.4    164.4    341.5    271.0    53.4    145.5

Fixed Charges:

                  

Interest expense

    27.6    41.0    40.7    40.6    40.6    40.6

Interest portion of rental expense

    3.8    5.6    5.7    5.5    5.0    5.3
                             

Total fixed charges

    31.4    46.6    46.4    46.1    45.6    45.9

Earnings before income taxes, minority interest, extraordinary items, cumulative effect of accounting changes and fixed charges

   228.8    211.0    387.9    317.1    99.0    191.4
                             

Ratio of earnings to fixed charges

    7.287    4.528    8.360    6.879    2.171    4.170