HANOVER INSURANCE GROUP, INC. THG Cash Flow

Hanover insurance group, inc. (THG)

CashFlow / TTM

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
262,700	425,100	438,900	420,400	445,700	391,000	318,900	229,600	208,700	186,200	121,200	198,500	122,100	155,100	246,200	236,100	354,800	331,500	343,800	320,400	282,300	282,000	262,200	268,600	239,400	251,000	125,900	105,000	72,400	55,900	160,500	110,100	57,100	36,700	41,900	104,200	138,700	151,200	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Net realized and unrealized investment (gains) losses
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of Chaucer-related Irish entity
-	-1,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from repayment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-24,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Net realized investment (gains) losses
-	-	-	-	-	-	-	-	-	-	-	-	-	8,600	-5,400	-1,700	11,200	19,100	0	0	0	-	-	-	-	-	-	-	-	22,800	6,600	-1,400	15,600	16,200	26,300	35,300	22,000	29,300	0	0	0
Net amortization and depreciation
19,800	21,600	20,400	22,500	24,600	24,600	28,100	28,800	29,400	30,100	29,100	29,900	29,900	30,700	32,000	29,600	30,500	30,200	31,000	33,400	32,500	33,500	34,900	34,500	35,700	35,000	35,000	35,400	34,900	35,600	40,400	36,700	31,600	26,700	17,000	16,500	16,800	16,700	0	0	0
Stock-based compensation expense
18,200	17,400	14,000	14,400	14,600	13,400	12,900	12,600	12,100	12,300	15,000	13,800	12,400	12,000	11,400	10,300	11,800	12,300	13,400	15,300	14,900	15,100	14,600	14,000	12,300	12,400	11,900	12,200	12,300	12,800	12,100	11,000	12,500	12,000	12,400	12,700	12,100	11,300	0	0	0
Amortization of defined benefit plan costs
10,100	11,400	10,900	10,600	10,000	9,700	10,800	11,800	13,000	14,000	12,900	11,900	10,900	9,900	10,200	10,500	12,600	12,700	24,400	24,100	22,200	22,100	10,500	10,900	14,500	14,900	14,400	13,900	9,900	9,300	9,500	9,700	9,900	10,200	10,100	10,000	9,900	9,800	0	0	0
Deferred income tax expense (benefit)
38,000	-12,500	15,300	6,800	2,200	23,400	-48,700	-28,200	-52,500	-39,800	26,400	-12,400	30,400	13,200	-22,900	-16,300	-57,300	-53,100	-52,500	-52,500	-53,300	-68,600	-77,200	-78,000	-64,700	-74,900	3,300	-3,400	-1,800	35,500	1,100	21,100	33,700	9,200	-15,800	-7,300	-10,300	-50,100	0	0	0
Change in deferred acquisition costs
15,400	14,400	13,300	9,200	12,600	19,200	14,800	16,500	27,300	31,800	25,000	23,900	11,600	7,800	-700	-14,800	-9,900	-6,900	6,900	6,400	13,100	19,600	18,400	30,700	25,200	16,300	20,400	13,700	26,600	30,800	41,900	16,000	-3,500	-18,300	-23,900	13,100	27,400	52,200	0	0	0
Change in premiums receivable, net of reinsurance premiums payable
79,900	78,700	57,400	20,800	84,400	73,900	67,300	56,400	30,200	29,600	40,000	53,400	62,400	28,200	22,600	2,200	-2,100	52,500	151,700	160,200	180,000	184,100	98,500	114,500	125,400	107,400	121,700	77,700	102,300	53,300	59,200	31,700	-103,200	-69,400	-78,100	26,600	120,800	204,900	0	0	0
Change in loss, loss adjustment expense and unearned premium reserves
474,400	498,600	547,600	567,400	556,700	584,900	505,700	814,100	839,800	949,500	932,800	580,300	569,900	527,800	309,700	124,000	94,000	121,000	165,000	233,300	318,000	256,300	334,500	337,300	250,500	65,900	336,800	351,500	464,100	598,300	231,900	248,700	162,600	78,500	266,600	255,700	270,400	288,200	0	0	0
Change in reinsurance recoverable
157,300	179,100	258,600	261,600	189,900	248,100	165,200	394,600	391,000	414,000	270,300	49,700	39,300	35,800	6,900	-105,400	47,400	27,000	-43,400	5,400	-75,400	-115,900	-14,400	-33,600	-84,200	-148,800	-23,200	14,400	52,700	230,700	164,400	194,900	192,100	48,100	77,200	58,700	81,300	38,200	0	0	0
Change in expenses and taxes payable
-13,700	11,000	-800	-13,800	-14,300	4,600	3,700	11,200	37,800	-500	-11,900	32,400	-800	12,700	-18,900	-28,200	-25,700	5,300	63,300	54,000	26,100	12,500	-16,000	-53,300	-38,000	-62,900	8,600	22,100	14,400	87,600	-38,300	13,800	84,500	48,200	82,300	50,700	27,600	-85,000	0	0	0
Other, net
-17,500	14,700	28,500	49,400	37,800	31,700	36,400	38,000	64,600	27,700	600	-19,300	-35,600	-500	23,900	32,200	15,200	15,400	5,300	-3,300	7,200	-12,500	-28,200	30,700	38,500	18,800	-500	26,200	15,900	12,500	19,900	-26,600	7,900	1,900	29,000	45,900	8,100	33,200	0	0	0
Net cash provided by operating activities
602,300	602,900	508,800	522,400	557,100	551,300	638,800	634,300	681,800	704,600	715,600	759,300	715,600	743,400	650,300	575,900	442,500	444,700	511,000	500,000	586,000	564,700	610,100	518,000	464,300	383,900	385,500	382,200	378,000	408,200	140,000	178,300	210,200	221,700	384,900	278,800	227,800	83,600	0	0	0
Cash Flows From Investing Activities
Proceeds from disposals and maturities of fixed maturities
1,460,100	1,336,900	1,073,300	946,500	992,000	1,094,200	1,276,600	1,284,300	1,231,100	1,225,300	1,231,700	1,379,600	1,509,000	1,602,300	1,613,800	1,616,200	1,666,600	1,696,400	1,687,100	1,535,800	1,366,100	1,323,100	1,173,100	1,193,800	1,363,700	1,394,300	1,547,500	1,578,200	1,534,100	1,684,800	1,753,400	1,884,700	1,892,000	1,624,200	1,515,800	1,531,200	1,427,000	1,376,200	0	0	0
Proceeds from disposals of equity securities and other investments
295,400	250,300	146,900	156,100	164,700	158,400	104,000	150,300	166,300	164,900	183,200	138,800	194,200	271,100	312,400	297,500	313,500	329,400	305,100	309,900	271,600	175,200	219,500	228,000	197,900	217,800	308,000	296,300	252,300	218,200	105,200	105,300	103,100	101,200	105,400	105,600	104,500	132,600	0	0	0
Purchase of fixed maturities
1,481,400	1,588,300	1,433,900	1,294,400	1,490,800	1,425,600	1,622,500	1,800,000	1,775,700	1,645,800	1,874,700	1,918,300	1,936,100	2,020,900	1,859,000	1,894,400	1,790,200	1,792,200	1,987,000	1,795,500	1,751,700	1,710,100	1,707,300	1,678,400	1,808,400	1,698,800	1,660,200	1,619,800	1,731,300	2,170,400	2,166,600	2,295,500	2,046,500	1,688,000	1,542,300	1,428,800	1,449,600	1,401,500	0	0	0
Purchase of equity securities and other investments
404,300	332,200	214,200	176,700	176,100	178,300	210,600	201,900	197,300	222,600	198,800	253,600	376,700	351,200	435,200	403,900	357,700	428,800	404,100	419,300	380,600	379,700	282,200	238,600	235,100	249,100	297,100	333,000	300,300	274,900	276,100	242,900	212,300	128,600	148,200	202,000	198,900	184,900	0	0	0
Capital expenditures
12,600	13,300	10,900	11,800	13,500	13,100	20,300	17,800	17,800	18,600	14,200	15,800	13,600	15,700	17,200	19,900	22,100	19,500	17,200	11,900	11,900	11,200	14,400	19,600	20,300	22,900	27,100	25,300	23,800	21,300	17,900	18,700	17,600	16,500	14,100	11,100	10,800	10,900	0	0	0
Net cash proceeds from sale of Chaucer-related Irish entity, partially offset by cash transferred
-	34,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used for business acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,300	0	0	0
Net cash used in investing activities
-132,500	-311,900	231,600	290,100	136,400	271,300	-472,600	-594,600	-602,900	-506,300	-675,600	-650,300	-604,200	-495,400	-378,700	-405,600	-146,700	-171,500	-365,300	-334,700	-504,500	-600,700	-611,300	-514,800	-502,200	-358,700	-128,900	-103,600	-268,200	-562,800	-576,900	-273,900	9,200	182,800	185,800	-4,700	-131,600	-98,800	0	0	0
Cash Flows From Financing Activities
Proceeds from exercise of employee stock options
12,400	14,400	14,500	14,200	13,500	14,800	16,600	23,900	20,800	23,100	20,600	15,200	18,300	16,200	17,100	18,600	15,900	16,600	18,600	15,200	16,000	12,600	11,600	16,600	24,300	25,000	22,400	16,400	6,000	2,600	1,900	1,300	1,100	3,900	6,600	13,000	15,100	12,000	0	0	0
Proceeds from short-term borrowings
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from debt borrowings, net
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	168,600	169,500	169,500	169,500	7,400	18,400	27,900	329,800	325,400	316,300	314,400	12,500	207,500	0	0	0
Change in cash collateral related to securities lending program
-	-5,000	400	2,000	-4,100	-19,000	-7,700	-16,000	-2,900	-6,700	-4,100	12,000	-13,100	-6,400	-8,000	-8,200	300	15,700	-6,800	7,500	11,700	7,400	30,500	3,800	9,700	-15,900	-6,300	-900	-6,800	5,200	-16,100	-84,200	-46,100	-42,100	-16,900	68,200	31,300	-7,700	0	0	0
Dividends paid to shareholders
194,000	386,200	290,700	289,900	288,400	94,300	91,900	90,100	88,300	86,800	85,000	83,400	82,000	80,400	79,100	77,500	75,800	74,200	72,400	70,700	68,900	67,000	65,100	63,300	61,500	60,000	58,600	57,400	56,400	55,100	53,700	52,900	51,900	50,900	48,800	47,900	47,400	47,200	0	0	0
Repurchases of common stock
348,500	563,600	413,500	432,400	294,100	57,700	44,200	34,500	46,200	37,200	37,600	66,100	61,800	105,600	147,200	171,300	167,200	127,300	85,300	37,200	22,600	20,400	20,400	12,600	59,300	78,200	0	0	0	-	-	-	-	-	-	-	-	134,700	0	0	0
Repayment of debt
-	151,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	114,300	0	0	0	-	-	-	-	139,900	169,100	169,100	118,600	73,100	800	30,400	37,100	86,800	0	0	0	-	-	-	-
Other financing activities
-9,400	-7,800	-6,700	-5,600	-5,200	-3,200	-4,300	-4,500	-3,600	-4,100	-11,200	-11,100	-14,600	-19,900	-25,500	-26,800	-23,600	-17,500	-4,800	-3,600	-4,000	-3,600	-3,800	-4,100	-5,600	-5,100	-4,000	-3,400	-1,200	-400	-100	-200	-100	-500	0	0	0	-	0	0	0
Net cash used in financing activities
-497,200	-1,099,300	-832,600	-874,400	-774,000	-171,000	-143,100	-121,200	-87,200	-111,700	-131,200	-147,300	-257,900	-300,800	-333,500	-383,800	-286,500	-301,000	-265,000	-175,900	-146,700	-71,700	-91,900	-103,700	-186,900	-105,500	-124,300	-127,200	-52,700	-133,400	-72,100	-109,200	174,000	127,300	107,500	186,400	-86,700	-8,600	0	0	0
Effect of exchange rate changes on cash
-	-	-	-	-	-4,000	1,000	4,800	9,300	7,200	2,500	-1,700	-3,200	-3,400	-7,300	-8,600	-6,500	-6,700	-5,200	-11,900	-7,200	-5,200	500	16,300	9,500	1,600	7,600	17,900	5,800	32,100	0	0	0	-	-	-	0	-	-	-	-
Net change in cash and cash equivalents
-27,400	-808,300	-93,700	-65,100	-86,700	647,600	24,100	-76,700	1,000	93,800	-88,700	-40,000	-149,700	-56,200	-69,200	-222,100	2,800	-34,500	-124,500	-22,500	-72,400	-112,900	-92,600	-84,200	-215,300	-78,700	139,900	169,300	62,900	-255,900	-460,500	-200,700	409,600	527,900	649,800	460,500	9,500	-23,800	0	0	0
Net change in cash related to discontinued operations
-	3,300	133,400	106,700	119,800	75,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	0	0	-	-	-	-	2,100	1,300	200	100	-2,300	0	0	0