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SCHEDULE II CONDENSED FINANCIAL INFORMATION OF REGISTRANT PARENT COMPANY ONLY (BALANCE SHEETS) (Details) - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Assets      
Fair Value $ 7,454.4 $ 6,687.1  
Equity securities - at fair value 598.5 575.7  
Cash and cash equivalents 120.6 215.7  
Other assets 445.7 402.4  
Total assets 13,443.7 12,490.5  
Liabilities      
Debt 780.8 653.4  
Total liabilities 10,241.5 9,574.3  
Shareholders’ Equity      
Preferred stock, par value $0.01 per share; 20.0 million shares authorized; none issued  
Common stock, par value $0.01 per share; 300.0 million shares authorized; 60.5 million shares issued 0.6 0.6  
Additional paid-in capital 1,857.4 1,837.3  
Accumulated other comprehensive income 372.5 152.6  
Retained earnings 2,668.0 2,410.9  
Treasury stock at cost (24.1 and 22.1 million shares) (1,696.3) (1,485.2)  
Total shareholders’ equity 3,202.2 2,916.2 $ 2,954.7
Total liabilities and shareholders’ equity 13,443.7 12,490.5  
The Hanover Insurance Group [Member]      
Assets      
Fair Value 381.3 328.5  
Equity securities - at fair value 1.1 1.1  
Cash and cash equivalents 15.6 12.2  
Investments in subsidiaries 3,718.3 3,352.2  
Net receivable from subsidiaries 25.2 25.1  
Other assets 2.9 3.2  
Total assets 4,144.4 3,722.3  
Liabilities      
Expenses and state taxes payable 23.2 16.4  
Current income tax payable 2.7 3.5  
Interest payable 10.5 7.8  
Debt [1] 905.8 778.4  
Total liabilities 942.2 806.1  
Shareholders’ Equity      
Preferred stock, par value $0.01 per share; 20.0 million shares authorized; none issued  
Common stock, par value $0.01 per share; 300.0 million shares authorized; 60.5 million shares issued 0.6 0.6  
Additional paid-in capital 1,857.4 1,837.3  
Accumulated other comprehensive income 372.5 152.6  
Retained earnings 2,668.0 2,410.9  
Treasury stock at cost (24.1 and 22.1 million shares) (1,696.3) (1,485.2)  
Total shareholders’ equity 3,202.2 2,916.2  
Total liabilities and shareholders’ equity $ 4,144.4 $ 3,722.3  
[1]

In 2020, the Company issued $300.0 million aggregate principal amount of 2.50% unsecured senior debentures. With the proceeds, THG retired its outstanding $175.0 million principal amount of 6.35% subordinated unsecured debentures. (See Note 6 – “Debt and Credit Arrangements” in Notes to Consolidated Financial Statements).