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SCHEDULE V VALUATION AND QUALIFYING ACCOUNTS
 12 Months Ended
Dec. 31, 2018
Valuation And Qualifying Accounts [Abstract]  
SCHEDULE V VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE V

THE HANOVER INSURANCE GROUP, INC.

VALUATION AND QUALIFYING ACCOUNTS

 

DECEMBER 31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additions

 

 

 

 

 

 

 

 

 

(in millions)

Description

 

Balance at

beginning of

period

 

 

Charged to

costs and

expenses

 

 

Charged to

other

accounts(1)

 

 

Deductions

 

 

Balance at

end of period

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts

 

$

4.3

 

 

$

9.5

 

 

$

—

 

 

$

(9.6

)

 

$

4.2

 

Allowance for uncollectible reinsurance recoverables

 

 

9.7

 

 

 

0.6

 

 

 

(6.4

)

 

 

—

 

 

 

3.9

 

 

 

$

14.0

 

 

$

10.1

 

 

$

(6.4

)

 

$

(9.6

)

 

$

8.1

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts

 

$

3.7

 

 

$

9.4

 

 

$

—

 

 

$

(8.8

)

 

$

4.3

 

Allowance for uncollectible reinsurance recoverables (2)

 

 

13.1

 

 

 

0.3

 

 

 

0.1

 

 

 

(3.8

)

 

 

9.7

 

 

 

$

16.8

 

 

$

9.7

 

 

$

0.1

 

 

$

(12.6

)

 

$

14.0

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts

 

$

3.2

 

 

$

8.7

 

 

$

—

 

 

$

(8.2

)

 

$

3.7

 

Allowance for uncollectible reinsurance recoverables (2)(3)

 

 

9.7

 

 

 

3.4

 

 

 

0.1

 

 

 

(0.1

)

 

 

13.1

 

 

 

$

12.9

 

 

$

12.1

 

 

$

0.1

 

 

$

(8.3

)

 

$

16.8

 

 

(1)

Amounts charged to other accounts include foreign exchange gains and losses. Additionally, in 2018 the Company sold its Chaucer business; and accordingly, the $6.4 million balance associated with this business was reduced as part of the sale.

(2)

The balance at beginning of period and the balance at end of period include $6.3 million and $6.4 million, respectively, for the year-ended 2017 and $6.2 million and $6.3 million, respectively, for the year-ended 2016 related to the former Chaucer business.

(3)

Activity primarily relates to the impairment in 2016 and subsequent write-off in 2017 of a receivable that is associated with a single reinsurance counterparty that was placed into conservation by the state of California in July 2016. This counterparty is not involved in the Company’s ongoing reinsurance program and the entire receivable related to this counterparty resulted from a one-time block reinsurance transaction that occurred in 2012 as part of the Company’s exposure management actions.