HANOVER INSURANCE GROUP, INC. THG Cash Flow

Hanover insurance group, inc. (THG)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash Flows From Operating Activities
Net income
-40,000	109,800	118,900	74,000	122,400	123,600	100,400	99,300	67,700	51,500	11,100	78,400	45,200	-13,500	88,400	2,000	78,200	77,600	78,300	120,700	54,900	89,900	54,900	82,600	54,600	70,100	61,300	53,400	66,200	-55,000	40,400	20,800	49,700	49,600	-10,000	-32,200	29,300	54,800	52,300	2,300	41,800
Adjustments to reconcile net income to net cash provided by operating activities:
Net realized and unrealized investment (gains) losses
-162,400	-	14,600	11,900	48,400	-	23,200	4,000	-23,400	-	13,400	5,900	1,900	-	-	-	-	-	-	-	-	-	-	-	4,400	-	1,000	13,700	8,100	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of Chaucer-related Irish entity
-	1,400	6,400	-9,900	900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from repayment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-5,600	-1,800	-16,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	-2,500	-	-	-	-
Net realized investment (gains) losses
-	-	-	-	-	-	-	-	-	-	-	-	-	3,500	4,300	-700	1,500	-10,500	8,000	12,200	9,400	-	-	-	-	-	-	-	-	19,000	5,000	-3,500	2,300	2,800	-3,000	13,500	2,900	12,900	6,000	200	10,200
Net amortization and depreciation
5,100	4,800	4,800	5,100	6,900	3,600	6,900	7,200	6,900	7,100	7,600	7,800	7,600	6,100	8,400	7,800	8,400	7,400	6,000	8,700	8,100	8,200	8,400	7,800	9,100	9,600	8,000	9,000	8,400	9,600	8,400	8,500	9,100	14,400	4,700	3,400	4,200	4,700	4,200	3,700	4,100
Stock-based compensation expense
5,000	4,700	4,100	4,400	4,200	1,300	4,500	4,600	3,000	800	4,200	4,100	3,200	3,500	3,000	2,700	2,800	2,900	1,900	4,200	3,300	4,000	3,800	3,800	3,500	3,500	3,200	2,100	3,600	3,000	3,500	2,200	4,100	2,300	2,400	3,700	3,600	2,700	2,700	3,100	2,800
Amortization of defined benefit plan costs
1,500	2,900	2,800	2,900	2,800	2,400	2,500	2,300	2,500	3,500	3,500	3,500	3,500	2,400	2,500	2,500	2,500	2,700	2,800	4,600	2,600	14,400	2,500	2,700	2,500	2,800	2,900	6,300	2,900	2,300	2,400	2,300	2,300	2,500	2,600	2,500	2,600	2,400	2,500	2,400	2,500
Deferred income tax expense (benefit)
36,700	1,400	-1,300	1,200	-13,800	29,200	-9,800	-3,400	7,400	-42,900	10,700	-27,700	20,100	23,300	-28,100	15,100	2,900	-12,800	-21,500	-25,900	7,100	-12,200	-21,500	-26,700	-8,200	-20,800	-22,300	-13,400	-18,400	57,400	-29,000	-11,800	18,900	23,000	-9,000	800	-5,600	-2,000	-500	-2,200	-45,400
Change in deferred acquisition costs
-1,700	-7,700	17,800	7,000	-2,700	-8,800	13,700	10,400	3,900	-13,200	15,400	21,200	8,400	-20,000	14,300	8,900	4,600	-28,500	200	13,800	7,600	-14,700	-300	20,500	14,100	-15,900	12,000	15,000	5,200	-11,800	5,300	27,900	9,400	-700	-20,600	8,400	-5,400	-6,300	16,400	22,700	19,400
Change in premiums receivable, net of reinsurance premiums payable
5,500	-39,000	70,200	43,200	4,300	-60,300	33,600	106,800	-6,200	-66,900	22,700	80,600	-6,800	-56,500	36,100	89,600	-41,000	-62,100	15,700	85,300	13,600	37,100	24,200	105,100	17,700	-48,500	40,200	116,000	-300	-34,200	-3,800	140,600	-49,300	-28,300	-31,300	5,700	-15,500	-37,000	73,400	99,900	68,600
Change in loss, loss adjustment expense and unearned premium reserves
75,000	62,200	204,600	132,600	99,200	111,200	224,400	121,900	127,400	32,000	532,800	147,600	237,100	15,300	180,300	137,200	195,000	-202,800	-5,400	107,200	222,000	-158,800	62,900	191,900	160,300	-80,600	65,700	105,100	-24,300	190,300	80,400	217,700	109,900	-176,100	97,200	131,600	25,800	12,000	86,300	146,300	43,600
Change in reinsurance recoverable
6,400	80,000	32,300	38,600	28,200	159,500	35,300	-33,100	86,400	76,600	264,700	-36,700	109,400	-67,100	44,100	-47,100	105,900	-96,000	-68,200	105,700	85,500	-166,400	-19,400	24,900	45,000	-64,900	-38,600	-25,700	-19,600	60,700	-1,000	12,600	158,400	-5,600	29,500	9,800	14,400	23,500	11,000	32,400	-28,700
Change in expenses and taxes payable
-112,700	66,100	25,700	7,200	-88,000	54,300	12,700	6,700	-69,100	53,400	20,200	33,300	-107,400	42,000	64,500	100	-93,900	10,400	55,200	2,600	-62,900	68,400	45,900	-25,300	-76,500	39,900	8,600	-10,000	-101,400	111,400	22,100	-17,700	-28,200	-14,500	74,200	53,000	-64,500	19,600	42,600	29,900	-177,100
Other, net
12,800	1,300	-52,400	20,800	45,000	15,100	-31,500	9,200	38,900	19,800	-29,900	35,800	2,000	-7,300	-49,800	19,500	37,100	17,100	-41,500	2,500	37,300	7,000	-50,100	13,000	17,600	-8,700	8,800	20,800	-2,100	-28,000	35,500	10,500	-5,500	-20,600	-11,000	45,000	-11,500	6,500	5,900	7,200	13,600
Net cash provided by operating activities
36,600	179,000	273,300	113,400	37,200	84,900	286,900	148,100	31,400	172,400	282,400	195,600	54,200	183,400	326,100	151,900	82,000	90,300	251,700	18,500	84,200	156,600	240,700	104,500	62,900	202,000	148,600	50,800	-17,500	203,600	145,300	46,600	12,700	-64,600	183,600	78,500	24,200	98,600	77,500	27,500	-120,000
Cash Flows From Investing Activities
Proceeds from disposals and maturities of fixed maturities
316,300	486,800	360,000	297,000	193,100	223,200	233,200	342,500	295,300	405,600	240,900	289,300	289,500	412,000	388,800	418,700	382,800	423,500	391,200	469,100	412,600	414,200	239,900	299,400	369,600	264,200	260,600	469,300	400,200	417,400	291,300	425,200	550,900	486,000	422,600	432,500	283,100	377,600	438,000	328,300	232,300
Proceeds from disposals of equity securities and other investments
73,200	184,500	16,900	20,800	28,100	81,100	26,100	29,400	21,800	26,700	72,400	45,400	20,400	45,000	28,000	100,800	97,300	86,300	13,100	116,800	113,200	62,000	17,900	78,500	16,800	106,300	26,400	48,400	36,700	196,500	14,700	4,400	2,600	83,500	14,800	2,200	700	87,700	15,000	1,100	28,800
Purchase of fixed maturities
376,500	306,400	590,500	208,000	483,400	152,000	451,000	404,400	418,200	348,900	628,500	380,100	288,300	577,800	672,100	397,900	373,100	415,900	707,500	293,700	375,100	610,700	516,000	249,900	333,500	607,900	487,100	379,900	223,900	569,300	446,700	491,400	663,000	565,500	575,600	242,400	304,500	419,800	462,100	263,200	256,400
Purchase of equity securities and other investments
109,700	168,500	72,500	53,600	37,600	50,500	35,000	53,000	39,800	82,800	26,300	48,400	65,100	59,000	81,100	171,500	39,600	143,000	49,800	125,300	110,700	118,300	65,000	86,600	109,800	20,800	21,400	83,100	123,800	68,800	57,300	50,400	98,400	70,000	24,100	19,800	14,700	89,600	77,900	16,700	700
Capital expenditures
3,200	3,100	3,700	2,600	3,900	700	4,600	4,300	3,500	7,900	2,100	4,300	4,300	3,500	3,700	2,100	6,400	5,000	6,400	4,300	3,800	2,700	1,100	4,300	3,100	5,900	6,300	5,000	5,700	10,100	4,500	3,500	3,200	6,700	5,300	2,400	2,100	4,300	2,300	2,100	2,200
Net cash proceeds from sale of Chaucer-related Irish entity, partially offset by cash transferred
-	0	0	10,300	24,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used for business acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	700	6,100	6,500
Net cash used in investing activities
-99,900	193,300	-289,800	63,900	-279,300	736,800	-231,300	-89,800	-144,400	-7,100	-353,300	-98,100	-47,800	-176,400	-328,000	-52,000	61,000	-59,700	-354,900	206,900	36,200	-253,500	-324,300	37,100	-60,000	-264,100	-227,800	49,700	83,500	-34,300	-202,500	-114,900	-211,100	-48,400	100,500	168,200	-37,500	-45,400	-90,000	41,300	-4,700
Cash Flows From Financing Activities
Proceeds from exercise of employee stock options
3,000	2,000	1,900	5,500	5,000	2,100	1,600	4,800	6,300	3,900	8,900	1,700	8,600	1,400	3,500	4,800	6,500	2,300	5,000	2,100	7,200	4,300	1,600	2,900	3,800	3,300	6,600	10,600	4,500	700	600	200	1,100	0	0	0	3,900	2,700	6,400	2,100	800
Proceeds from short-term borrowings
54,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from debt borrowings, net
-	-	-	-	-	-	-	-	33,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-900	0	0	169,500	0	0	0	7,400	11,000	9,500	301,900	3,000	1,900	7,600	0	198,000
Change in cash collateral related to securities lending program
-	-16,100	2,800	1,600	6,700	-10,700	4,400	-4,500	-8,200	600	-3,900	8,600	-12,000	3,200	12,200	-16,500	-5,300	1,600	12,000	-8,000	10,100	-20,900	26,300	-3,800	5,800	2,200	-400	2,100	-19,800	11,800	5,000	-3,800	-7,800	-9,500	-63,100	34,300	-3,800	15,700	22,000	-2,600	-42,800
Dividends paid to shareholders
24,800	120,900	23,800	24,500	217,000	25,400	23,000	23,000	22,900	23,000	21,200	21,200	21,400	21,200	19,600	19,800	19,800	19,900	18,000	18,100	18,200	18,100	16,300	16,300	16,300	16,200	14,500	14,500	14,800	14,800	13,300	13,500	13,500	13,400	12,500	12,500	12,500	11,300	11,600	12,000	12,300
Repurchases of common stock
34,900	163,600	0	150,000	250,000	13,500	18,900	11,700	13,600	0	9,200	23,400	4,600	400	37,700	19,100	48,400	42,000	61,800	15,000	8,500	0	13,700	400	6,300	0	5,900	47,100	25,200	-	-	-	-	-	-	-	-	4,100	0	4,600	126,000
Repayment of debt
-	0	0	0	151,100	-	-	-	-	-	-	-	-	-	-	-	-	0	27,800	8,300	78,200	-	-	-	-	43,100	0	50,500	46,300	72,300	0	0	800	0	29,600	6,700	50,500	-	-	-	-
Other financing activities
-5,800	-1,100	-1,100	-1,400	-4,200	0	0	-1,000	-2,200	-1,100	-200	-100	-2,700	-8,200	-100	-3,600	-8,000	-13,800	-1,400	-400	-1,900	-1,100	-200	-800	-1,500	-1,300	-500	-2,300	-1,000	-200	100	-100	-200	100	0	0	-600	-	400	-200	-100
Net cash used in financing activities
-8,500	-314,200	-5,700	-168,800	-610,600	-47,500	-47,500	-68,400	-7,600	-19,600	-25,600	-34,400	-32,100	-39,100	-41,700	-145,000	-75,000	-71,800	-92,000	-47,700	-89,500	-35,800	-2,900	-18,500	-14,500	-56,000	-14,700	-101,700	66,900	-74,800	-17,600	-27,200	-13,800	-13,500	-54,700	256,000	-60,500	-33,300	24,200	-17,100	17,600
Effect of exchange rate changes on cash
-	-	-	-	-	-1,500	-1,700	-3,000	2,200	3,500	2,100	1,500	100	-1,200	-2,100	0	-100	-5,100	-3,400	2,100	-300	-3,600	-10,100	6,800	1,700	2,100	5,700	0	-6,200	8,100	16,000	-12,100	20,100	-	-	-	0	-	-	-	-
Net change in cash and cash equivalents
-71,800	58,100	-22,200	8,500	-852,700	772,700	6,400	-13,100	-118,400	149,200	-94,400	64,600	-25,600	-33,300	-45,700	-45,100	67,900	-46,300	-198,600	179,800	30,600	-136,300	-96,600	129,900	-9,900	-116,000	-88,200	-1,200	126,700	102,600	-58,800	-107,600	-192,100	-102,000	201,000	502,700	-73,800	19,900	11,700	51,700	-107,100
Net change in cash related to discontinued operations
-	0	0	2,800	500	130,100	-26,700	15,900	-44,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	600	-500	-	-	-	-	-300	100	100	2,200	-1,100	-1,000	0	-200