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, 2013		December 31, 2012		December 31, 2011		December 31, 2010		December 31, 2009
Earnings before income taxes, minority interest, extraordinary items and cumulative effect of accounting changes		329.1		28.7		21.6		205.6		265.3
Fixed charges:
Interest expense		65.3		61.9		55.0		44.3		35.5
Interest portion of rental expense		7.1		7.4		7.0		5.7		5.1
Total fixed charges		72.4		69.3		62.0		50.0		40.6
Earnings before income taxes, minority interest, extraordinary items, cumulative effect of accounting changes and fixed charges		401.5		98.0		83.6		255.6		305.9
Ratio of earnings to fixed charges		5.546		1.414		1.348		5.112		7.534