News

A new message from John Fowle to our business partners

I am pleased to inform you that today The Hanover Insurance Group, Inc., has entered into a definitive agreement to sell Chaucer to The China Reinsurance Group (China Re), subject to the successful completion of all legal and...

China Re acquires Chaucer

We are excited about our future with the support of one of the world’s Top 10 reinsurance companies

For more information about this transaction, please click here to view the press release.

The Hanover Q2 Results

The Hanover Reports Second Quarter Net Income and Operating Income of $2.31 and $2.20 per Diluted Share, Respectively; Second Quarter Combined Ratio of 95.5%; Combined Ratio Excluding Catastrophes of 90.5%; Operating Return on...

Chaucer signs the Inclusive Behaviours Pledge

Chaucer is proud to sign the Inclusive Behaviours Pledge, an industry-wide drive designed to change behaviours and create a more inclusive work environment across the insurance sector.

John Fowle, CEO, said

“A diverse workforce...

The Hanover Q1 Financial Results

WORCESTER, Mass., May 2, 2018 - The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $67.7 million, or $1.57 per diluted share, in the first quarter of 2018, compared to $45.2 million, or $1.05 per diluted share, in the prior-year quarter. Operating income(1) was $84.0 million, or $1.95 per diluted share, for the first quarter of 2018, compared to operating income of $40.8 million, or $0.95 per diluted share, in the prior-year quarter. The difference between net and operating income in the first quarter of 2018 was primarily due to the decline in fair value of equity securities of $23.0 million, which is recognized in net income following a new accounting standard effective January 1, 2018.