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SCHEDULE III SUPPLEMENTARY INSURANCE INFORMATION
12 Months Ended
Dec. 31, 2020
Supplementary Insurance Information [Abstract]  
SCHEDULE III SUPPLEMENTARY INSURANCE INFORMATION

SCHEDULE III

THE HANOVER INSURANCE GROUP, INC.

SUPPLEMENTARY INSURANCE INFORMATION

DECEMBER 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segments

 

Deferred

acquisition

costs

 

 

Future

policy

benefits,

losses,

claims

and loss

expenses

 

 

Unearned

premiums

 

 

Other

policy

claims

and

benefits

payable

 

 

Premium revenue

 

 

Net

investment

income (1)

 

 

Benefits,

claims,

losses

and

settlement

expenses

 

 

Amortization

of deferred

acquisition

costs

 

 

Other

operating

expenses

(2) (3)

 

 

Premiums

written

 

Commercial Lines

 

$

312.1

 

 

$

4,067.4

 

 

$

1,513.9

 

 

$

8.6

 

 

$

2,683.3

 

 

$

175.3

 

 

$

1,647.6

 

 

$

618.4

 

 

$

330.3

 

 

$

2,733.1

 

Personal Lines

 

 

165.4

 

 

 

1,907.6

 

 

 

968.8

 

 

 

 

 

 

1,844.1

 

 

 

76.7

 

 

 

1,193.3

 

 

 

332.6

 

 

 

193.7

 

 

 

1,865.4

 

Other

 

 

 

 

 

40.4

 

 

 

 

 

 

 

 

 

 

 

 

13.1

 

 

 

4.3

 

 

 

 

 

 

31.4

 

 

 

 

Interest on Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

37.1

 

 

 

 

Eliminations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(6.2

)

 

 

 

Total (4)

 

$

477.5

 

 

$

6,015.4

 

 

$

2,482.7

 

 

$

8.6

 

 

$

4,527.4

 

 

$

265.1

 

 

$

2,845.2

 

 

$

951.0

 

 

$

586.3

 

 

$

4,598.5

 

 

DECEMBER 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segments

 

Deferred

acquisition

costs

 

 

Future

policy

benefits,

losses,

claims

and loss

expenses

 

 

Unearned

premiums

 

 

Other

policy

claims

and

benefits

payable

 

 

Premium

revenue

 

 

Net

investment

income (1)

 

 

Benefits,

claims,

losses

and

settlement

expenses

 

 

Amortization

of deferred

acquisition

costs

 

 

Other

operating

expenses

(2)

 

 

Premiums

written

 

Commercial Lines

 

$

307.4

 

 

$

3,768.9

 

 

$

1,446.7

 

 

$

8.4

 

 

$

2,654.2

 

 

$

180.1

 

 

$

1,610.0

 

 

$

604.4

 

 

$

330.3

 

 

$

2,707.2

 

Personal Lines

 

 

160.0

 

 

 

1,839.4

 

 

 

970.0

 

 

 

 

 

 

1,820.3

 

 

 

80.1

 

 

 

1,254.2

 

 

 

322.3

 

 

 

191.6

 

 

 

1,874.5

 

Other

 

 

 

 

 

37.7

 

 

 

 

 

 

 

 

 

 

 

 

21.1

 

 

 

1.3

 

 

 

 

 

 

23.1

 

 

 

 

Interest on Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

37.5

 

 

 

 

Eliminations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(6.1

)

 

 

 

Total (4)

 

$

467.4

 

 

$

5,646.0

 

 

$

2,416.7

 

 

$

8.4

 

 

$

4,474.5

 

 

$

281.3

 

 

$

2,865.5

 

 

$

926.7

 

 

$

576.4

 

 

$

4,581.7

 

 

DECEMBER 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segments

 

Deferred

acquisition

costs

 

 

Future

policy

benefits,

losses,

claims

and loss

expenses

 

 

Unearned

premiums

 

 

Other

policy

claims

and

benefits

payable

 

 

Premium

revenue

 

 

Net

investment

income (1)

 

 

Benefits,

claims,

losses

and

settlement

expenses

 

 

Amortization

of deferred

acquisition

costs

 

 

Other

operating

expenses

(2), (3)

 

 

Premiums

written

 

Commercial Lines

 

$

296.9

 

 

$

3,550.6

 

 

$

1,369.5

 

 

$

8.0

 

 

$

2,548.4

 

 

$

182.2

 

 

$

1,568.3

 

 

$

587.5

 

 

$

318.0

 

 

$

2,610.7

 

Personal Lines

 

 

153.9

 

 

 

1,707.6

 

 

 

908.3

 

 

 

 

 

 

1,706.0

 

 

 

73.7

 

 

 

1,155.0

 

 

 

304.3

 

 

 

185.8

 

 

 

1,774.1

 

Other

 

 

 

 

 

37.9

 

 

 

 

 

 

 

 

 

 

 

 

11.5

 

 

 

1.3

 

 

 

 

 

 

54.3

 

 

 

 

Interest on Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

45.1

 

 

 

 

Eliminations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(7.8

)

 

 

 

Total (4)

 

$

450.8

 

 

$

5,296.1

 

 

$

2,277.8

 

 

$

8.0

 

 

$

4,254.4

 

 

$

267.4

 

 

$

2,724.6

 

 

$

891.8

 

 

$

595.4

 

 

$

4,384.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

The Company manages investment assets for its Commercial Lines, Personal Lines and Other segments on a combined basis, based on the requirements of its combined property and casualty insurance companies. Net investment income is allocated to these segments based on actuarial information related to the underlying businesses.

(2)

For other operating expenses that are not directly attributable to a single segment for combined property and casualty insurance companies, expenses are generally allocated based upon either net premiums written or net premiums earned.

(3)

In 2020 and 2018, the Other segment includes $6.2 million and $28.2 million, respectively, of losses from the repayment of debt.

(4)

Information for all periods excludes results and balances related to the former Chaucer business (See Note 2 – “Discontinued Operations” in the Notes to Consolidated Financial Statements).