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

	Fiscal Years Ended
	December 31, 2012		December 31, 2011		December 31, 2010		December 31, 2009		December 31, 2008
Earnings before income taxes, minority interest, extraordinary items and cumulative effect of accounting changes		28.7		21.6		205.6		265.3		166.9
Fixed charges:
Interest expense		61.9		55.0		44.3		35.5		41.0
Interest portion of rental expense		7.4		7.0		5.7		5.1		5.6
Total fixed charges		69.3		62.0		50.0		40.6		46.6
Earnings before income taxes, minority interest, extraordinary items, cumulative effect of accounting changes and fixed charges		98.0		83.6		255.6		305.9		213.5
Ratio of earnings to fixed charges		1.414		1.348		5.112		7.534		4.582