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SCHEDULE VI SUPPLEMENTAL INFORMATION CONCERNING PROPERTY AND CASUALTY INSURANCE OPERATIONS
12 Months Ended
Dec. 31, 2023
SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters [Abstract]  
SCHEDULE VI SUPPLEMENTAL INFORMATION CONCERNING PROPERTY AND CASUALTY INSURANCE OPERATIONS SCHEDULE VI

THE HANOVER INSURANCE GROUP, INC.

SUPPLEMENTAL INFORMATION CONCERNING PROPERTY AND CASUALTY INSURANCE OPERATIONS

YEARS ENDED DECEMBER 31

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

 

 

 

 

 

 

 

 

Affiliation with Registrant

 

Deferred
acquisition
costs

 

 

Reserves for
unpaid
claims and
claim
adjustment
expenses
 (1)

 

 

Discount, if
any,
deducted
from
previous
column
(2)

 

 

Unearned
premiums
 (1)

 

Consolidated Property and Casualty Subsidiaries

 

 

 

 

 

 

 

 

 

 

 

 

2023

 

$

620.8

 

 

$

7,308.1

 

 

$

 

 

$

3,102.5

 

2022

 

$

604.8

 

 

$

7,012.6

 

 

$

 

 

$

2,954.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earned
premiums

 

 

Net
investment
income

 

 

Claims and claim adjustment
expenses incurred related to

 

 

Amortization
of deferred
acquisition
costs

 

 

Paid claims
and claim
adjustment
expenses

 

 

Premiums
written

 

 

 

 

 

 

 

 

 

 

Current year

 

 

Prior years

 

 

 

 

 

 

 

 

 

 

 

2023

 

$

5,663.1

 

 

$

332.1

 

 

$

4,150.5

 

 

$

(15.9

)

 

$

1,176.0

 

 

$

3,885.5

 

 

$

5,810.2

 

 

2022

 

$

5,252.3

 

 

$

296.3

 

 

$

3,656.0

 

 

$

(32.6

)

 

$

1,093.2

 

 

$

3,113.2

 

 

$

5,476.5

 

 

2021

 

$

4,770.2

 

 

$

310.7

 

 

$

3,205.3

 

 

$

(71.1

)

 

$

982.7

 

 

$

2,762.8

 

 

$

4,993.4

 

 

(1)
Reserves for unpaid claims and claim adjustment expenses are shown gross of $1,795.0 million and $1,748.6 million of reinsurance recoverable on unpaid losses in 2023 and 2022, respectively. Unearned premiums are shown gross of prepaid premiums of $99.1 million and $104.9 million in 2023 and 2022, respectively. Reserves for unpaid claims and claims adjustment expense also include policyholder dividends.
(2)
The Company does not use discounting techniques.