Exhibit 99.2

THE HANOVER INSURANCE GROUP

STATISTICAL SUPPLEMENT

TABLE OF CONTENTS

Financial Highlights	1-3
Consolidated Financial Statements
Income Statements	4
Balance Sheets	5
Property and Casualty
Condensed Income Statements	6
Property and Casualty Consolidated Balance Sheets	7
GAAP Underwriting Results	8-9
Investments
Net Investment Income	10
Net Realized Investment Gains (Losses)	11
Investment Portfolio	12
Unrealized Losses	13
Credit Quality of Fixed Maturities	14
Top 25 Corporate Holdings	15
Property and Casualty Statutory Ratios	16
Historical Financial Highlights	17-18
Other Information	19
Corporate Information
Market and Dividend Information
Industry Ratings

THE HANOVER INSURANCE GROUP

FINANCIAL HIGHLIGHTS

	Quarter ended March 31
(In millions)	2010			2009			% Change
SEGMENT INCOME
Property and Casualty
Personal Lines	$	34.5		$	3.1		N/M
Commercial Lines		22.8			47.6		(52.1	)
Other		0.4			(0.8	)	(150.0	)
Total Property and Casualty		57.7			49.9		15.6
Interest expense on debt		(9.3	)		(10.4	)	(10.6	)
Total segment income		48.4			39.5		22.5
Federal income tax expense on P&C segment income		(19.7	)		(16.7	)	18.0
Federal income tax benefit on interest expense		3.3			3.6		(8.3	)
Total federal income tax expense on segment income		(16.4	)		(13.1	)	25.2
Total segment income after taxes	$	32.0		$	26.4		21.2
RECONCILIATION FROM SEGMENT
INCOME TO NET INCOME
Total segment income after taxes	$	32.0		$	26.4		21.2
Net realized investment gains (losses)		10.9			(6.1	)	(278.7	)
Other non-operating items		—			(0.1	)	(100.0	)
Federal income tax expense on non-segment income		(0.7	)		—		N/M
Income from continuing operations		42.2			20.2		108.9
Discontinued operations (net of taxes):
Gain from operations of discontinued FAFLIC business		—			5.0		(100.0	)
Loss from discontinued accident and health business		(0.6	)		(3.3	)	(81.8	)
Gain on disposal of variable life and annuity business		0.2			3.9		(94.9	)
Net income	$	41.8		$	25.8		62.0

1

THE HANOVER INSURANCE GROUP

FINANCIAL HIGHLIGHTS

	Quarter ended March 31
	2010			2009			% Change
PER SHARE DATA (DILUTED)
Total segment income	$	1.00		$	0.77		29.9
Federal income tax expense on segment income		(0.34	)		(0.26	)	30.8
Total segment income after taxes		0.66			0.51		29.4
Net realized investment gains (losses)		0.23			(0.12	)	(291.7	)
Federal income tax expense on non-segment income		(0.01	)		—		N/M
Income from continuing operations		0.88			0.39		125.6
Discontinued operations (net of taxes):
Gain from discontinued operations of FAFLIC business		—			0.10		(100.0	)
Loss from discontinued accident and health business		(0.01	)		(0.06	)	(83.3	)
Gain on disposal of variable life and annuity business		—			0.07		(100.0	)
Net income (1)	$	0.87		$	0.50		74.0
Weighted average shares outstanding		48.2			51.4

(1) Basic income per share was $0.88 and $0.51 for the quarters ended March 31, 2009 and 2008, respectively.

2

THE HANOVER INSURANCE GROUP

FINANCIAL HIGHLIGHTS

	March  31 2010			December 31 2009			% Change
(In millions, except per share data)
BALANCE SHEET
Total assets	$	8,068.5		$	8,042.7		0.3
Total shareholders’ equity	$	2,302.2		$	2,358.6		(2.4	)
Property and Casualty Companies (1)
Statutory surplus	$	1,747.4		$	1,741.6		0.3
Premium to surplus ratio		1.6:1			1.5:1		—
Total book value per share	$	51.59		$	49.72		3.8
THG book value per share, excluding accumulated other comprehensive income/(loss)	$	50.07		$	49.11		2.0
Shares outstanding (2)		44.6			47.4
Stock price	$	43.61		$	44.43		(1.8	)
Price/book value per share		0.8	x		0.9	x	(0.1	) x
Total Debt/equity		27.5	%		18.4	%	9.1	pts
Total Debt/total capital		21.5	%		15.5	%	6.0	pts

(1) Property and Casualty Companies include The Hanover Insurance Company, Citizens Insurance Company of America, and all other insurance subsidiaries.

(2) Shares outstanding do not include common stock equivalents.

3

THE HANOVER INSURANCE GROUP

CONSOLIDATED INCOME STATEMENTS

	Quarter ended March 31
(In millions)	2010			2009			% Change
REVENUES
Premiums earned	$	666.5		$	632.0		5.5
Net investment income		61.1			64.9		(5.9	)
Net realized investment gains (losses):
Realized gains from sales and other		13.6			10.4		30.8
Total other-than-temporary impairment losses on securities		(0.5	)		(16.5	)	(97.0	)
Portion of loss transferred (from) to other comprehensive income		(2.2	)		—		N/M
Net other-than-temporary impairment losses on securities recognized in earnings		(2.7	)		(16.5	)	(83.6	)
Total net realized investment gains (losses)		10.9			(6.1	)	(278.7	)
Fees and other income		8.1			8.1		—
Total revenues		746.6			698.9		6.8
LOSSES AND EXPENSES
Losses and loss adjustment expenses		431.6			428.3		0.8
Policy acquisition expenses		154.4			143.1		7.9
Other operating expenses		101.3			94.2		7.5
Total losses and expenses		687.3			665.6		3.3
Income from continuing operations before federal income taxes		59.3			33.3		78.1
Federal income tax expense		17.1			13.1		30.5
Income from continuing operations		42.2			20.2		108.9
Discontinued operations (net of taxes):
Gain from operations of discontinued FAFLIC business		—			5.0		(100.0	)
Loss from discontinued accident and health business		(0.6	)		(3.3	)	(81.8	)
Gain on disposal of variable life and annuity business		0.2			3.9		(94.9	)
Net income	$	41.8		$	25.8		62.0

4

THE HANOVER INSURANCE GROUP

CONSOLIDATED BALANCE SHEETS

	March 31 2010			December 31 2009			% Change
(In millions, except per share data)
ASSETS
Investments:
Fixed maturities, at fair value (amortized cost of $4,588.3 and $4,520.3)	$	4,742.3		$	4,615.6		2.7
Equity securities, at fair value (cost of $38.2 and $57.3)		45.9			69.2		(33.7	)
Mortgage loans		10.6			14.1		(24.8	)
Other long-term investments		17.9			18.2		(1.6	)
Total investments		4,816.7			4,717.1		2.1
Cash and cash equivalents		209.2			316.5		(33.9	)
Accrued investment income		53.9			52.3		3.1
Premiums, accounts and notes receivable, net		654.6			590.8		10.8
Reinsurance receivable on paid and unpaid losses, benefits and unearned premiums		1,188.4			1,197.9		(0.8	)
Deferred policy acquistion costs		306.9			286.3		7.2
Deferred federal income taxes		164.4			228.6		(28.1	)
Goodwill		171.4			171.4		—
Other assets		368.6			351.2		5.0
Assets of discontinued operations		134.4			130.6		2.9
Total assets	$	8,068.5		$	8,042.7		0.3
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES
Policy liabilities and accruals:
Losses and loss adjustment expenses	$	3,187.1		$	3,153.9		1.1
Unearned premiums		1,365.0			1,300.5		5.0
Total policy liabilities and accruals		4,552.1			4,454.4		2.2
Expenses and taxes payable		395.7			603.2		(34.4	)
Reinsurance premiums payable		53.0			58.5		(9.4	)
Long-term debt		632.3			433.9		45.7
Liabilities of discontinued operations		133.2			134.1		(0.7	)
Total liabilities		5,766.3			5,684.1		1.4
SHAREHOLDERS’ EQUITY
Preferred stock, par value $.01 per share; authorized 20.0 million shares; issued none		—			—		—
Common stock, par value $.01 per share; authorized 300.0 million shares; issued 60.5 million shares		0.6			0.6		—
Additional paid-in capital		1,799.1			1,808.5		(0.5	)
Accumulated other comprehensive income		67.8			28.8		135.4
Retained earnings		1,173.8			1,141.1		2.9
Treasury stock at cost (15.9 and 13.0 million shares)		(739.1	)		(620.4	)	19.1
Total shareholders’ equity		2,302.2			2,358.6		(2.4	)
Total liabilities and shareholders’ equity	$	8,068.5		$	8,042.7		0.3

5

PROPERTY & CASUALTY

THE HANOVER INSURANCE GROUP

PROPERTY AND CASUALTY

CONDENSED INCOME STATEMENTS

	Quarter ended March 31
(In millions)	2010			2009		% Change
REVENUES
Net premiums written	$	725.2		$	629.9	15.1
Change in unearned premiums, net of prepaid reinsurance premiums		(58.7	)		2.1	N/M
Net premiums earned		666.5			632.0	5.5
Net investment income		61.1			64.7	(5.6	)
Other income		9.2			9.3	(1.1	)
Total segment revenue		736.8			706.0	4.4
LOSSES AND OPERATING EXPENSES
Losses and loss adjustment expenses		431.6			428.3	0.8
Policy acquisition expenses		154.4			143.1	7.9
Other operating expenses		93.1			84.7	9.9
Total losses and operating expenses		679.1			656.1	3.5
Segment income before federal income taxes	$	57.7		$	49.9	15.6

6

THE HANOVER INSURANCE GROUP

PROPERTY AND CASUALTY GROUP (1)

SELECT GAAP BALANCE SHEET INFORMATION

	March 31 2010		December 31 2009		% Change
(In millions)
ASSETS
Investments:
Fixed maturities, at fair value (amortized cost of $4,258.2 and $4,207.4)	$	4,407.6	$	4,325.7	1.9
Equity securities, at fair value (cost of $38.2 and $57.3)		45.9		69.2	(33.7	)
Mortgage loans		10.7		14.3	(25.2	)
Other long-term investments		13.5		13.7	(1.5	)
Total investments		4,477.7		4,422.9	1.2
Cash and cash equivalents		195.0		311.9	(37.5	)
Accrued investment income		50.8		49.5	2.6
Premiums, accounts, and notes receivable, net		654.6		590.8	10.8
Reinsurance receivable on paid and unpaid losses, benefits and unearned premiums		1,188.4		1,197.9	(0.8	)
Deferred policy acquistion costs		306.9		286.3	7.2
Deferred federal income tax asset		165.9		190.5	(12.9	)
Goodwill		171.4		171.4	—
Other assets		377.6		362.7	4.1
Assets of discontinued operations		134.4		130.6	2.9
Total assets	$	7,722.7	$	7,714.5	0.1
LIABILITIES
Policy liabilities and accruals:
Losses and loss adjustment expenses	$	3,187.1	$	3,153.9	1.1
Unearned premiums		1,365.0		1,300.5	5.0
Total policy liabilities and accruals		4,552.1		4,454.4	2.2
Expenses and taxes payable		421.9		588.6	(28.3	)
Reinsurance premiums payable		53.0		58.5	(9.4	)
Long-term debt		146.3		146.8	(0.3	)
Liabilities of discontinued operations		133.2		134.1	(0.7	)
Total liabilities	$	5,306.5	$	5,382.4	(1.4	)

(1) Property and Casualty group includes The Hanover Insurance Company, Citizens Insurance Company of America, and AIX Holdings, Inc. and their subsidiaries, Verlan Fire Insurance Company, OPUS Investments, Inc. and other insurance and non-insurance subsidiaries.

7

THE HANOVER INSURANCE GROUP

PROPERTY AND CASUALTY

GAAP UNDERWRITING PROFIT (LOSS) RECONCILED TO SEGMENT INCOME

	Quarter ended March 31, 2010
	Personal Lines											Commercial Lines
												Workers’						Multiple									Other			Total
(In millions)	Auto			Home			Other		Total			Comp			Auto			Peril			Other(1)			Total			P&C			P&C
Net premiums written	$	241.1		$	99.2		$	9.3	$	349.6		$	39.9		$	63.0		$	135.4		$	137.0		$	375.3	(2)	$	0.3		$	725.2
Net premiums earned	$	238.7		$	117.5		$	10.2	$	366.4		$	28.6		$	49.6		$	98.6		$	123.0		$	299.8		$	0.3		$	666.5
Losses excluding prior year loss reserve development and catastrophe losses		153.5			55.5			2.7		211.7			19.3			26.0			47.8			54.2			147.3			—			359.0
Prior year loss reserve (favorable) unfavorable development		(10.1	)		(0.9	)		0.4		(10.6	)		(4.9	)		(1.1	)		(3.1	)		(3.5	)		(12.6	)		(0.3	)		(23.5	)
Pre-tax catastrophe losses		0.7			15.0			0.1		15.8			—			0.5			13.8			4.3			18.6			—			34.4
Loss adjustment expenses (3)		26.0			10.8			0.4		37.2			(1.1	)		3.2			8.9			12.9			23.9			0.3			61.4
Policy acquisition and other underwriting expenses										105.6															131.1			—			236.7
Policyholders’ dividends										—															0.3			—			0.3
GAAP underwriting profit (loss)										6.7															(8.8	)		0.3			(1.8	)
Net investment income										25.6															32.0			3.5			61.1
Other income										3.3															4.4			1.5			9.2
Other operating expenses										(1.1	)														(4.8	)		(4.9	)		(10.8	)
Segment income before federal income taxes									$	34.5														$	22.8		$	0.4		$	57.7

	Quarter ended March 31, 2009
	Personal Lines											Commercial Lines
												Workers’						Multiple									Other			Total
	Auto			Home		Other			Total			Comp			Auto			Peril			Other(1)			Total			P&C			P&C
Net premiums written	$	249.2		$	89.7	$	8.3		$	347.2		$	33.5		$	48.0		$	93.1		$	108.1		$	282.7		$	—		$	629.9
Net premiums earned	$	246.0		$	107.8	$	9.9		$	363.7		$	30.2		$	46.4		$	90.1		$	101.6		$	268.3		$	—		$	632.0
Losses excluding prior year loss reserve development and catastrophe losses		164.6			57.5		3.2			225.3			20.0			24.9			50.2			41.2			136.3			—			361.6
Prior year loss reserve (favorable) unfavorable development		(14.0	)		5.8		(0.2	)		(8.4	)		(6.9	)		(2.9	)		(2.5	)		(10.9	)		(23.2	)		—			(31.6	)
Pre-tax catastrophe losses		1.1			24.7		0.2			26.0			—			0.2			10.1			1.1			11.4			—			37.4
Loss adjustment expenses (3)		31.2			10.3		0.4			41.9			(1.4	)		4.0			6.4			9.6			18.6			0.2			60.7
Policy acquisition and other underwriting expenses (income)										105.4															109.6			(0.2	)		214.8
Policyholders’ dividends										—															0.2			—			0.2
GAAP underwriting (loss) profit										(26.5	)														15.4			—			(11.1	)
Net investment income										27.6															31.6			5.5			64.7
Other income										3.5															4.4			1.4			9.3
Other operating expenses										(1.5	)														(3.8	)		(7.7	)		(13.0	)
Segment income (loss) before federal income taxes									$	3.1														$	47.6		$	(0.8	)	$	49.9

(1) Other Commercial Lines includes inland marine, bonds, professional liability and program business.

(2) Total Commercial Lines Net premiums written includes $67.6 million related to our recently announced renewal rights transaction.

(3) Loss adjustment expenses include (favorable) unfavorable development of $(4.1) million and $0.3 million in Personal Lines, $(9.5) million and $(9.9) million in Commercial Lines, and $(13.6) million and $(9.6) million in Total P&C for the three months ended March 31, 2010 and 2009, respectively.

8

THE HANOVER INSURANCE GROUP

PROPERTY AND CASUALTY

GAAP UNDERWRITING RATIOS

	Quarter ended March 31, 2010
	Personal Lines								Commercial Lines
									Workers’				Multiple						Other	Total
	Auto		Home		Other		Total		Comp		Auto		Peril		Other(1)		Total		P&C	P&C
Losses, excluding catastrophe losses and development	64.3	%	47.2	%	26.5	%	57.7	%	67.4	%	52.4	%	48.5	%	44.0	%	49.1	%	N/M	53.9	%
Catastrophe losses	0.3	%	12.8	%	1.0	%	4.3	%	—		1.0	%	14.0	%	3.5	%	6.2	%	N/M	5.2	%
Loss development	(4.2	)%	(0.8	)%	3.9	%	(2.9	)%	(17.1	)%	(2.2	)%	(3.1	)%	(2.8	)%	(4.2	)%	N/M	(3.5	)%
Total losses	60.4	%	59.2	%	31.4	%	59.1	%	50.3	%	51.2	%	59.4	%	44.7	%	51.1	%	N/M	55.6	%
Loss adjustment expenses (2)	10.9	%	9.2	%	3.9	%	10.2	%	(3.8	)%	6.5	%	9.0	%	10.5	%	8.0	%	N/M	9.2	%
Policy acquisition and other underwriting expenses (3)							28.0	%									43.5	%	N/M	34.9	%
Policyholders’ dividends							—										0.1	%	N/M	—
Combined							97.3	%									102.7	%	N/M	99.7	%
Policies in force (4)	(3.3	)%	4.7	%	(5.0	)%	0.1	%	1.8	%	(2.2	)%	4.0	%	(3.3	)%	0.0	%	N/M	0.1	%
Retention (4), (5)	74.8	%	82.1	%	N/M		78.5	%	74.3	%	79.1	%	78.6	%	77.6	%	78.0	%

	Quarter ended March 31, 2009
	Personal Lines								Commercial Lines
									Workers’				Multiple						Other	Total
	Auto		Home		Other		Total		Comp		Auto		Peril		Other(1)		Total		P&C	P&C
Losses, excluding catastrophe losses and development	66.9	%	53.3	%	32.3	%	61.9	%	66.2	%	53.7	%	55.7	%	40.6	%	50.8	%	N/M	57.2	%
Catastrophe losses	0.4	%	22.9	%	2.0	%	7.1	%	—		0.4	%	11.2	%	1.1	%	4.2	%	N/M	5.9	%
Loss development	(5.6	)%	5.4	%	(2.0	)%	(2.2	)%	(22.9	)%	(6.3	)%	(2.7	)%	(10.8	)%	(8.6	)%	N/M	(4.9	)%
Total losses	61.7	%	81.6	%	32.3	%	66.8	%	43.3	%	47.8	%	64.2	%	30.9	%	46.4	%	N/M	58.2	%
Loss adjustment expenses (2)	12.7	%	9.6	%	4.0	%	11.5	%	(4.6	)%	8.6	%	7.1	%	9.4	%	6.9	%	N/M	9.6	%
Policy acquisition and other underwriting expenses (3)							28.1	%									40.6	%	N/M	33.3	%
Policyholders’ dividends							—										0.1	%	N/M	—
Combined							106.4	%									94.0	%	N/M	101.1	%
Policies in force (4)	(1.0	)%	1.6	%	(5.1	)%	(0.1	)%	(0.4	)%	2.3	%	(0.1	)%	1.5	%	0.9	%	N/M	0.0	%
Retention (4), (5)	74.1	%	81.3	%	N/M		77.8	%	77.3	%	77.9	%	78.5	%	78.0	%	78.1	%

(1) Other Commercial Lines includes inland marine, bonds, professional liability and program business.

(2) Loss adjustment expenses include (favorable) unfavorable development of $(4.1) million and $0.3 million in Personal Lines, $(9.5) million and $(9.9) million in Commercial Lines, and $(13.6) million and $(9.6) million in Total P&C for the three months ended March 31, 2010 and 2009, respectively.

(3) Policy acquisition and other underwriting expenses are reduced by installment fee revenues for purposes of the ratio calculation.

(4) Policies in force and retention rates do not include recent acquisitions of Professionals Direct, Inc., Verlan Fire Insurance Company, AIX, Inc., and OneBeacon.

(5) The retention rate for Personal Lines is a twelve month rolling average calculation based on policies in force; the retention rate for Commercial Lines is direct voluntary written premiums, based on renewed policies in the current period versus those available to renew.

9

INVESTMENTS

THE HANOVER INSURANCE GROUP

NET INVESTMENT INCOME

	Quarter ended March 31
(In millions, except yields)	2010					2009
				Yield					Yield
Fixed maturities (1)	$	62.2		5.48	%	$	64.4		5.81	%
Equity securities		0.6		—			1.0		—
Mortgages		0.2		7.99	%		0.6		8.40	%
All other		(0.2	)	—			0.7		—
Investment expenses		(1.7	)	—			(1.8	)	—
Total (2)	$	61.1		5.15	%	$	64.9		5.30	%

(1) Includes purchase accounting adjustments of $(0.3) million and $(0.7) million for the quarters ended March 31, 2010 and 2009, respectively. Average book value of fixed maturities was $4,555.3 million and $4,473.9 million at March 31, 2010 and 2009, respectively.

(2) Excludes discontinued operations of $0.6 million and $0.5 million for the quarters ended March 31, 2010 and 2009, respectively.

10

THE HANOVER INSURANCE GROUP

COMPONENTS OF NET REALIZED INVESTMENT GAINS (LOSSES)

	Quarter ended March 31
(In millions)	2010			2009
Net realized gains from sales and other	$	13.6		$	10.4
Total other-than-temporary impairment losses		(0.5	)		(16.5	)
Portion of loss transferred from other comprehensive income		(2.2	)		—
Net other-than-temporary losses on securities recognized in earnings		(2.7	)		(16.5	)
Net realized investment gains (losses) (1)	$	10.9		$	(6.1	)

(1) Excludes discontinued operations of $(0.7) million and $(3.2) million for the quarters ended March 31, 2010 and 2009, respectively.

11

THE HANOVER INSURANCE GROUP

INVESTMENT PORTFOLIO

(in millions)	March 31, 2010
Investment Type	Weighted Average Quality	Amortized Cost		Fair Value		Net Unrealized Gain (Loss)			Change  in Net Unrealized during Q1 2010
Fixed Maturities:
Corporate:
NAIC 1	A	$	869.7	$	912.5	$	42.8		$	10.5
NAIC 2	BBB		1,055.7		1,118.0		62.3			13.8
NAIC 3 and below	B+		327.3		338.9		11.6			7.7
Total corporate	BBB+		2,252.7		2,369.4		116.7			32.0
Asset backed:
Residential mortgage backed securities	AA+		804.8		829.9		25.1			9.5
Commercial mortgage backed securities	AA+		347.1		356.0		8.9			6.2
Asset backed securities	A		70.2		73.4		3.2			0.7
Municipals:
Taxable	AA-		716.4		711.0		(5.4	)		11.2
Tax exempt	A+		167.0		170.8		3.8			(0.3	)
U.S. government	AAA		352.0		354.0		2.0			2.5
Total fixed maturities	A+		4,710.2		4,864.5		154.3			61.8
Equity securities:
Perpetual preferred securities			18.8		26.2		7.4			1.4
Common equity securities			19.4		19.7		0.3			(5.6	)
Total fixed maturities and equity securities (1)			4,748.4		4,910.4		162.0			57.6
Cash and cash equivalents (2)			209.5		209.5		—			—
Mortgage loans and other long-term investments			26.5		28.5		2.0			—
Total		$	4,984.4	$	5,148.4	$	164.0		$	57.6

(1) Includes discontinued accident and health business of $121.9 million in amortized cost and $122.2 million in fair value at March 31, 2010. Net unrealized gain (loss) associated with the discontinued accident and health business improved $3.1 million during the first quarter of 2010.

(2) Includes discontinued accident and health business of $0.3 million in amortized cost and in fair value at March 31, 2010.

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THE HANOVER INSURANCE GROUP

AGING OF GROSS UNREALIZED LOSSES ON SECURITIES AVAILABLE FOR SALE

(In millions)	March 31, 2010				December 31, 2009
	Gross Unrealized Losses and OTTI		Fair Value		Gross Unrealized Losses and OTTI		Fair Value
INVESTMENT GRADE FIXED MATURITIES:
12 months or less	$	12.3	$	484.3	$	23.1	$	664.4
Greater than 12 months		35.9		362.1		43.4		421.8
Total investment grade fixed maturities		48.2		846.4		66.5		1,086.2
BELOW INVESTMENT GRADE FIXED MATURITIES:
12 months or less		10.6		107.4		10.8		92.8
Greater than 12 months (1)		15.6		141.5		17.7		158.3
Total below investment grade fixed maturities		26.2		248.9		28.5		251.1
EQUITY SECURITIES:
12 months or less		1.2		8.0		—		—
Greater than 12 months		—		—		0.3		1.4
Total equity securities		1.2		8.0		0.3		1.4
Total (2)	$	75.6	$	1,103.3	$	95.3	$	1,338.7

(1) Gross Unrealized Losses and OTTI includes $13.6 million and $14.8 million of OTTI at March 31, 2010 and December 31, 2009, respectively.

(2) Includes discontinued accident and health business of $7.0 million and $8.8 million in gross unrealized losses with $52.8 million and $55.0 million in fair value at March 31, 2010 and December 31, 2009, respectively.

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THE HANOVER INSURANCE GROUP

CREDIT QUALITY OF FIXED MATURITIES

(In millions)		March 31, 2010						December 31, 2009
NAIC Designation	Rating Agency Equivalent Designation	Amortized Cost		Fair Value		% of  Total Fair Value		Amortized Cost		Fair Value		% of  Total Fair Value
1	Aaa/Aa/A	$	3,158.0	$	3,242.6	66.7	%	$	3,120.8	$	3,168.0	66.9	%
2	Baa		1,207.4		1,266.4	26.0	%		1,198.0		1,240.3	26.2	%
3	Ba		142.4		141.6	2.9	%		138.2		130.5	2.8	%
4	B		115.9		121.1	2.5	%		93.1		98.0	2.1	%
5	Caa and lower		81.1		85.5	1.8	%		84.0		88.0	1.9	%
6	In or near default		5.4		7.3	0.1	%		5.8		7.6	0.1	%
Total fixed maturities (1)		$	4,710.2	$	4,864.5	100.0	%	$	4,639.9	$	4,732.4	100.0	%

(1) Includes discontinued accident and health business of $121.9 million and $119.6 million in amortized cost and $122.2 million and $116.8 million in fair value at March 31, 2010 and December 31, 2009, respectively.

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THE HANOVER INSURANCE GROUP

TOP 25 CORPORATE FIXED MATURITY HOLDINGS

(In millions, except percentage data)	As of March 31, 2010
Issuer	Amortized Cost		Fair Value		As a percent of Invested  Assets		S&P Ratings
Bank of America	$	22.8	$	20.2	0.39	%	A-
Wells Fargo		22.2		23.3	0.45	%	AA-
GE Capital		19.9		20.5	0.40	%	AA+
PNC Bank		19.8		20.2	0.39	%	A
American Express		18.6		19.6	0.38	%	BBB+
Dominion Resources		18.4		19.6	0.38	%	A-
AT&T		18.3		19.3	0.37	%	A
Conoco Phillips		18.2		19.4	0.38	%	A
Valero Energy		17.6		17.8	0.35	%	BBB
Capital One		17.4		18.1	0.35	%	BBB
CVS		17.3		18.4	0.36	%	BBB+
Kroger		17.3		18.2	0.35	%	BBB
Home Depot		17.0		18.5	0.36	%	BBB+
Union Pacific		16.8		17.4	0.34	%	BBB
Miller Brewing		16.4		17.8	0.35	%	BBB+
Genworth Global Funding		16.0		16.7	0.32	%	BBB
Morgan Stanley		16.0		17.4	0.34	%	A
Merck & Co.		15.7		17.2	0.33	%	AA-
Pacific Gas & Electric		15.3		16.5	0.32	%	BBB+
Manufacturers & Traders Bank		15.1		14.0	0.27	%	A-
Canadian National Railways		15.0		16.0	0.31	%	A-
Fifth Third Bancorp		15.0		14.8	0.29	%	BBB-
Vodafone		15.0		15.9	0.31	%	A-
Atmos Energy		14.9		16.3	0.32	%	BBB+
Safeway		14.8		15.8	0.31	%	BBB
Top 25 Corporate		430.8		448.9	8.72	%
Other Corporate		1,821.9		1,920.5	37.30	%
Total Corporate	$	2,252.7	$	2,369.4	46.02	%

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PROPERTY & CASUALTY

STATUTORY RATIOS

THE HANOVER INSURANCE GROUP

PROPERTY AND CASUALTY

STATUTORY UNDERWRITING RATIOS

	Quarter ended March 31, 2010
	Personal Lines								Commercial Lines
									Workers’				Multiple						Other	Total
	Auto		Home		Other		Total		Comp		Auto		Peril		Other(1)		Total		P&C	P&C
Losses, excluding catastrophe losses and development	64.3	%	47.1	%	26.2	%	57.8	%	68.2	%	52.4	%	48.7	%	44.2	%	49.3	%	N/M	54.1	%
Catastrophe losses	0.3	%	12.9	%	1.0	%	4.3	%	—		1.0	%	14.1	%	3.5	%	6.2	%	N/M	5.2	%
Loss development	(4.2	)%	(0.8	)%	3.9	%	(2.9	)%	(17.3	)%	(2.2	)%	(3.2	)%	(2.8	)%	(4.2	)%	N/M	(3.5	)%
Total losses	60.4	%	59.2	%	31.1	%	59.2	%	50.9	%	51.2	%	59.6	%	44.9	%	51.3	%	N/M	55.8	%
Loss adjustment expenses (2)	11.1	%	9.3	%	3.9	%	10.3	%	(3.9	)%	6.5	%	9.1	%	10.6	%	8.0	%	N/M	9.3	%
Policy acquisition and other underwriting expenses							29.7	%									41.4	%	N/M	35.8	%
Policyholders’ dividends							—										—		N/M	—
Combined							99.2	%									100.7	%	N/M	100.9	%

	Quarter ended March 31, 2009
	Personal Lines								Commercial Lines
									Workers’				Multiple						Other	Total
	Auto		Home		Other		Total		Comp		Auto		Peril		Other(1)		Total		P&C	P&C
Losses, excluding catastrophe losses and development	66.9	%	53.3	%	32.0	%	61.9	%	65.5	%	53.8	%	55.8	%	41.3	%	51.1	%	N/M	57.6	%
Catastrophe losses	0.4	%	22.9	%	2.0	%	7.1	%	—		0.4	%	11.2	%	1.1	%	4.2	%	N/M	5.9	%
Loss development	(5.7	)%	5.4	%	(2.0	)%	(2.3	)%	(22.7	)%	(6.2	)%	(2.8	)%	(10.7	)%	(8.6	)%	N/M	(5.0	)%
Total losses	61.6	%	81.6	%	32.0	%	66.7	%	42.8	%	48.0	%	64.2	%	31.7	%	46.7	%	N/M	58.5	%
Loss adjustment expenses (2)	12.7	%	9.6	%	4.0	%	11.6	%	(4.3	)%	8.4	%	7.1	%	9.4	%	6.9	%	N/M	9.6	%
Policy acquisition and other underwriting expenses							29.4	%									39.9	%	N/M	34.0	%
Policyholders’ dividends							—										0.1	%	N/M	—
Combined							107.7	%									93.6	%	N/M	102.1	%

(1) Other Commercial Lines includes inland marine, bonds, professional liability and program business.

(2) Loss adjustment expenses include (favorable) unfavorable development of $(4.1) million and $0.3 million in Personal Lines, $(9.5) million and $(9.9) million in Commercial Lines, and $(13.6) million and $(9.6) million in Total P&C for the three months ended March 31, 2010 and 2009, respectively.

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Historical Highlights

THE HANOVER INSURANCE GROUP

HISTORICAL FINANCIAL HIGHLIGHTS

(In millions, except per share data)	Q1 10			2009			Q4 09			Q3 09			Q2 09			Q1 09
SEGMENT INCOME (1)
Property and Casualty
Personal Lines	$	34.5		$	76.4		$	20.3		$	27.4		$	25.6		$	3.1
Commercial Lines		22.8			189.7			52.5			38.7			50.9			47.6
Other Property and Casualty		0.4			4.0			(2.5	)		7.5			(0.2	)		(0.8	)
Total Property and Casualty		57.7			270.1			70.3			73.6			76.3			49.9
Interest expense on debt		(9.3	)		(35.1	)		(7.9	)		(6.3	)		(10.5	)		(10.4	)
Total segment income before federal income taxes	$	48.4		$	235.0		$	62.4		$	67.3		$	65.8		$	39.5
Federal income tax expense on segment income		(16.4	)		(77.5	)		(20.6	)		(22.0	)		(21.8	)		(13.1	)
Total segment income after federal income taxes	$	32.0		$	157.5		$	41.8		$	45.3		$	44.0		$	26.4
Net realized investment gains (losses)		10.9			1.4			11.1			—			(3.6	)		(6.1	)
Gain from retirement of corporate debt		—			34.5			—			0.2			34.3			—
Other non-segment items		—			—			—			—			0.1			(0.1	)
Federal income tax (expense) benefit on non-segment income		(0.7	)		(5.6	)		3.0			3.1			(11.7	)		—
Income from continuing operations		42.2			187.8			55.9			48.6			63.1			20.2
Discontinued operations (net of taxes):
Gain from discontinued FAFLIC business		—			7.1			0.8			0.4			0.9			5.0
(Loss) gain from discontinued accident and health business		(0.6	)		(2.6	)		(0.2	)		0.7			0.2			(3.3	)
Gain on disposal of discontinued variable life and annuity business		0.2			4.9			0.8			—			0.2			3.9
NET INCOME	$	41.8		$	197.2		$	57.3		$	49.7		$	64.4		$	25.8
PER SHARE DATA (DILUTED)
INCOME FROM CONTINUING OPERATIONS	$	0.88		$	3.68		$	1.11		$	0.95		$	1.23		$	0.39
(LOSS) INCOME FROM DISCONTINUED OPERATIONS	$	(0.01	)	$	0.18		$	0.03		$	0.02		$	0.02		$	0.11
NET INCOME	$	0.87		$	3.86		$	1.14		$	0.97		$	1.25		$	0.50
WEIGHTED AVERAGE SHARES
OUTSTANDING (DILUTED)		48.2			51.1			50.2			51.2			51.4			51.4
BALANCE SHEET
Total assets	$	8,068.5					$	8,042.7		$	8,088.6		$	7,747.7		$	7,698.1
Total shareholders’ equity	$	2,302.2					$	2,358.6		$	2,407.1		$	2,221.1		$	1,967.6
Book value per share	$	51.59					$	49.72		$	48.06		$	43.75		$	38.62
Book value per share, excluding accumulated other comprehensive income (loss)	$	50.07					$	49.11		$	48.28		$	47.15		$	45.16

(1) Represents income or loss of the Company’s operating segments: Personal Lines, Commercial Lines, Other Property and Casualty and interest expense on corporate debt. In accordance with generally accepted accounting principles, the separate financial information of each segment is presented consistent with the manner in which results are regularly evaluated by the chief operating decision maker in deciding how to allocate resources and in assessing performance.

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THE HANOVER INSURANCE GROUP

HISTORICAL FINANCIAL HIGHLIGHTS

(In millions, except per share data)	2008			Q4 08			Q3 08			Q2 08			Q1 08
SEGMENT INCOME (1)
Property and Casualty
Personal Lines	$	123.5		$	39.7		$	18.1		$	38.6		$	27.1
Commercial Lines		169.7			55.6			(6.6	)		52.7			68.0
Other Property and Casualty		9.0			2.2			2.3			2.9			1.3
Total Property and Casualty		302.2			97.5			13.8			94.2			96.4
Interest expense on corporate debt		(39.9	)		(10.0	)		(10.0	)		(9.9	)		(10.0	)
Total segment income before federal income taxes	$	262.3		$	87.5		$	3.8		$	84.3		$	86.4
Federal income tax expense on segment income		(86.3	)		(27.9	)		(0.5	)		(28.8	)		(29.1	)
Total segment income after federal income taxes	$	176.0		$	59.6		$	3.3		$	55.5		$	57.3
Federal income tax settlement		6.4			—			6.4			—			—
Net realized investment losses		(97.8	)		(37.1	)		(52.8	)		(7.6	)		(0.3	)
Other non-segment items		(0.1	)		(0.1	)		—			—			—
Federal income tax benefit (expense) on non-segment income		—			0.4			(0.4	)		—			—
Income (loss) from continuing operations		84.5			22.8			(43.5	)		47.9			57.0
Discontinued operations (net of taxes):
(Loss) gain from discontinued FAFLIC business		(84.8	)		8.1			(21.7	)		(67.7	)		(3.5	)
Gain from operations of AMGRO		10.1			—			—			10.4			—
Gain (loss) on disposal of discontinued variable life and annuity business		11.3			3.2			2.7			(0.8	)		6.2
Other		(0.5	)		—			0.7			—			(1.2	)
NET INCOME (LOSS)	$	20.6		$	34.1		$	(61.8	)	$	(10.2	)	$	58.5
PER SHARE DATA (DILUTED)
INCOME (LOSS) FROM CONTINUING OPERATIONS	$	1.63		$	0.44		$	(0.85	)	$	0.92		$	1.09
(LOSS) INCOME FROM DISCONTINUED OPERATIONS	$	(1.23	)	$	0.22		$	(0.36	)	$	(1.12	)	$	0.03
NET INCOME (LOSS)	$	0.40		$	0.66		$	(1.21	)	$	(0.20	)	$	1.12
WEIGHTED AVERAGE SHARES
OUTSTANDING (DILUTED) (2)		51.7			51.4			51.0			51.8			52.3
BALANCE SHEET
Total assets				$	9,230.2		$	9,254.8		$	9,463.8		$	9,700.6
Total shareholders’ equity				$	1,887.2		$	2,040.1		$	2,212.7		$	2,320.7
Book value per share				$	37.08		$	40.09		$	43.57		$	45.23
Book value per share, excluding accumulated other comprehensive income (loss)				$	44.64		$	44.37		$	45.55		$	45.70

(1) Represents income or loss of the Company’s operating segments: Personal Lines, Commercial Lines, Other Property and Casualty and interest expense on corporate debt. In accordance with generally accepted accounting principles, the separate financial information of each segment is presented consistent with the manner in which results are regularly evaluated by the chief operating decision maker in deciding how to allocate resources and in assessing performance.

(2) Weighted average shares outstanding for the quarter ended September 30, 2008 represents basic shares outstanding due to antidilution.

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Other Information

CORPORATE OFFICES AND

PRINCIPAL SUBSIDIARIES

THE HANOVER INSURANCE GROUP, INC.

440 Lincoln Street

Worcester, MA 01653

The Hanover Insurance Company

440 Lincoln Street

Worcester, MA 01653

Citizens Insurance Company of America

645 West Grand River

Howell, MI 48843

MARKET AND DIVIDEND INFORMATION

The following information shows trading activity for the Company for the periods indicated:

Quarter Ended	2010
	Price Range				Dividends Per Share
	High		Low
March 31	$	44.63	$	40.51	$	0.25
June 30
September 30
December 31
Quarter Ended	2009
	Price Range				Dividends Per Share
	High		Low
March 31	$	43.37	$	28.49		—
June 30	$	38.11	$	29.19		—
September 30	$	42.82	$	37.23		—
December 31	$	45.23	$	40.67	$	0.75

INDUSTRY RATINGS AS OF MAY 6, 2010

	A.M.	Standard
Financial Strength Ratings	Best	& Poor’s	Moody’s	Fitch
Property and Casualty Insurance Companies:
The Hanover Insurance Company	A	A-	A3	A-
Citizens Insurance Company of America	A	A-	-	A-
	A.M.	Standard
Debt Ratings	Best	& Poor’s	Moody’s	Fitch
The Hanover Insurance Group, Inc.
Senior Debt	bbb	BBB-	Baa3	BBB-
The Hanover Insurance Group, Inc.
Junior Subordinated Debentures	bb+	BB-	Ba1	BB

TRANSFER AGENT

Computershare Limited

PO Box 43076

Providence, RI 02940-3076

1-800-317-4454

COMMON STOCK

Common stock of The Hanover Insurance Group is traded on the New York Stock Exchange under the symbol “THG”.

INQUIRIES

Oksana Lukasheva

Assistant Vice President

Investor Relations

(508) 855-2063

olukasheva@hanover.com

INVESTOR INFORMATION LINE

Dial 1-800-407-5222 to receive additional printed information, fax-on-demand services or other prerecorded messages.

Please visit our internet site at http:// www.Hanover.com

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