HANOVER INSURANCE GROUP, INC. THG Income Statement

Hanover insurance group, inc. (THG)

Income statement / 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	Sep'09	Jun'09
Revenues
Premiums
1,141	1,144	1,124	1,111	1,095	1,082	1,071	1,058	1,042	613	1,004	1,181	1,181	331	1,160	1,145	1,151	1,137	1,150	1,205	1,211	1,188	1,184	1,174	1,163	1,140	1,124	1,090	1,094	1,082	1,071	1,050	1,035	1,047	1,018	770	761	748	728	697	666	637	630
Net investment income
69	72	68	69	70	69	66	65	66	37	62	72	71	26	67	69	68	70	68	70	70	68	67	67	67	68	65	67	67	70	69	68	68	69	67	61	60	63	61	61	61	62	61
Net realized and unrealized investment gains (losses):
Net realized gains (losses) from sales and other
3	3	0	0	-0	-2	-0	-0	0	1	14	7	3	6	4	4	22	7	12	14	12	23	5	22	4	13	3	14	8	21	7	-1	5	6	9	14	4	19	7	3	13	6	3
Net change in fair value of equity securities
-136	31	15	11	48	-50	23	6	-22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment losses on investments
28	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net other–than–temporary impairment losses on investments recognized in earnings
-	-	0	0	-	1	0	1	0	1	1	1	1	1	0	5	20	18	4	1	2	-	0	0	-	2	2	1	0	2	2	1	1	3	1	0	1	6	1	3	2	6	6
Total net realized and unrealized investment gains (losses)
-161	34	14	12	48	-54	23	3	-22	-	13	5	-	-	-	0	-	-	-	37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fees and other income
6	6	7	5	6	5	5	5	5	3	5	6	6	-0	8	8	6	7	7	8	8	9	9	9	9	9	10	10	10	12	12	12	14	15	13	9	8	8	9	8	8	9	8
Total other-than-temporary impairment losses on investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	18
Portion of loss transferred (from) to other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	11
Total net realized and unrealized investment (losses) gains
-	-	-	-	-	-	-	-	-	-	-	-	1	-	4	-0	1	-10	8	12	9	18	4	22	4	10	1	13	8	18	5	-3	3	3	8	13	3	12	5	0	10	-	-3
Total revenues
1,056	1,257	1,214	1,198	1,219	1,102	1,166	1,133	1,091	655	1,085	1,266	1,260	363	1,241	1,222	1,227	1,204	1,233	1,297	1,298	1,285	1,265	1,273	1,243	1,229	1,201	1,182	1,180	1,184	1,157	1,127	1,121	1,135	1,108	853	833	833	804	768	746	708	696
Losses and expenses
Losses and loss adjustment expenses
728	742	705	717	699	706	676	671	670	431	656	725	766	424	692	729	699	675	690	744	773	695	755	725	750	689	695	692	683	872	708	732	661	687	734	617	511	471	454	498	431	403	393
Amortization of deferred acquisition costs
236	233	232	230	229	227	224	221	218	98	211	264	266	32	257	254	259	251	259	262	260	266	260	259	253	251	243	232	242	241	235	233	228	231	222	162	162	110	173	163	154	146	144
Interest expense
9	9	9	9	9	11	11	11	11	9	11	12	12	8	12	15	14	14	14	15	16	16	16	16	16	16	16	17	14	15	14	15	16	16	17	10	10	11	11	11	9	-	-
Loss on repayment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-86	-	-	-5	-1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	34
Other operating expenses
135	138	136	131	132	129	131	129	131	75	124	153	157	54	154	143	146	147	153	158	171	182	158	163	151	182	159	174	150	161	145	135	145	137	152	123	112	170	91	92	92	91	95
Total losses and expenses
1,110	1,124	1,084	1,088	1,070	1,101	1,043	1,033	1,032	614	1,003	1,155	1,201	522	1,117	1,229	1,119	1,105	1,123	1,144	1,221	1,162	1,190	1,165	1,171	1,140	1,115	1,116	1,091	1,290	1,104	1,116	1,051	1,072	1,127	914	796	763	730	765	687	641	599
Income (loss) from continuing operations before income taxes
-53	133	130	109	148	1	122	99	59	40	82	111	59	-159	124	-7	108	99	110	152	77	122	75	107	72	88	86	65	88	-106	53	11	70	63	-19	-60	37	70	73	3	59	67	96
Income tax expense (benefit):
Current
21	25	22	20	12	19	16	16	-5	-52	16	4	33	-21	8	6	33	9	11	5	29	20	-1	-1	9	2	2	-0	4	7	-16	-10	39	40	-18	-26	4	14	21	-1	-28	17	12
Deferred
-36	-1	1	-1	13	-20	2	0	14	59	6	27	-20	-36	27	-15	-3	12	21	26	-7	12	21	26	8	20	22	13	18	-58	29	12	-18	-22	9	-1	5	2	0	2	45	1	21
Total income tax expense (benefit)
-15	23	19	24	26	-1	18	17	8	7	23	32	13	-57	35	-9	30	21	33	31	22	32	20	25	17	23	24	12	22	-51	12	1	20	17	-9	-27	9	16	21	0	17	18	33
Income (loss) from continuing operations
-38	110	111	85	122	2	104	82	50	33	59	78	45	-101	88	1	78	77	77	120	54	90	55	82	54	64	61	53	66	-55	40	9	50	46	-10	-32	27	53	51	2	42	48	63
Discontinued operations (net of taxes):
Sale of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-1	0	0	0	-	1	-0	-	-0	-0	0	-0	5	0	0	-0	0	-0	11	-1	3	0	0	1	1	0	0	-0	0	0
Loss from discontinued accident and health business (net of income tax expense of $0.1 and $0.4 in 2010 and 2009)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net income (loss)
-40	109	118	74	122	123	100	99	67	51	11	78	45	-13	88	2	78	77	78	120	54	89	54	82	54	70	61	53	66	-55	40	20	49	49	-10	-32	29	54	52	2	41	49	64
Earnings per common share:
Basic:
Income (loss) from continuing operations
-1.01	2.80	2.81	2.09	3.02	0.05	2.45	1.94	1.19	0.77	1.40	1.85	1.06	-2.36	2.07	0.04	1.82	1.80	1.75	2.74	1.24	2.04	1.25	1.87	1.25	1.48	1.40	1.21	1.49	-1.24	0.92	0.22	1.13	1.02	-0.22	-0.72	0.62	1.20	1.14	0.05	0.89	0.96	1.23
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.01	0.00	0.00	0.03	-0.01	0.00	-	-	0.01	-0.01	-	0.00	-	-	0.01	-0.01	0.24	-0.02	0.06	0.01	0.01	0.03	-	0.02	-	-0.01	0.01	0.02
Loss from discontinued accident and health business (net of income tax expense of $0.01 in 2009)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.01
Net income (loss) per share
-1.04	2.79	3.00	1.82	3.01	2.92	2.36	2.34	1.59	1.21	0.26	1.85	1.06	-0.31	2.07	0.05	1.82	1.80	1.78	2.73	1.24	2.04	1.25	1.88	1.24	1.60	1.40	1.21	1.49	-1.23	0.91	0.46	1.11	1.09	-0.22	-0.71	0.65	1.23	1.16	0.05	0.88	0.98	1.26
Weighted average shares outstanding
38	39	39	40	40	42	42	42	42	42	42	42	42	42	42	43	42	43	44	44	44	43	44	44	43	44	43	44	44	44	44	44	44	44	45	45	45	90	44	0	47	50	51
Diluted:
Income (loss) from continuing operations
-1.01	2.75	2.77	2.06	2.98	0.07	2.41	1.91	1.17	0.77	1.38	1.83	1.05	-2.34	2.06	0.04	1.79	1.76	1.72	2.69	1.22	2.01	1.22	1.84	1.22	1.44	1.37	1.19	1.47	-1.21	0.90	0.22	1.11	1.02	-0.22	-0.72	0.61	1.18	1.12	0.05	0.88	0.95	1.23
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.01	0.00	0.02	-0.01	0.00	-	-	-	-	-	-	0.02	-0.01	0.00	-0.01	0.24	-0.02	0.06	0.01	0.01	0.03	0.02	0.03	0.00	-0.01	0.01	0.02
Loss from discontinued accident and health business (net of income tax expense of $0.01 in 2009)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	-
Net income (loss) per share
-1.04	2.74	2.96	1.79	2.97	2.88	2.33	2.31	1.57	1.19	0.26	1.83	1.05	-0.32	2.06	0.05	1.80	1.76	1.74	2.68	1.22	2.00	1.22	1.84	1.22	1.57	1.37	1.19	1.46	-1.21	0.89	0.46	1.09	1.09	-0.22	-0.71	0.64	1.20	1.15	0.05	0.87	0.97	1.25
Weighted average shares outstanding
38	39	40	41	41	42	43	43	43	43	42	42	42	42	43	43	43	44	44	45	45	45	44	44	44	44	44	44	45	45	45	45	45	46	45	45	46	91	45	0	48	51	51
Chaucer [Member]
Premiums
-	-	-	-	-	201	212	214	221	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net investment income
-	-	-	-	-	13	12	12	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
-	-	1	1	-	217	227	228	239	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses and loss adjustment expenses
-	-	-	-	-	151	136	112	115	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred acquisition costs
-	-	-	-	-	55	60	67	69	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	-	-	-	1	1	0	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expenses
-	-	-	-	-	29	26	27	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total losses and expenses
-	-	-	-	-	236	223	206	216	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of new tax regulations on business gain on sale
-	-	-4	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale of business
-	1	6	-9	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-	0	2	-0	-0	-10	-3	16	17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale of business
-	0.03	0.16	-0.24	0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-	0.01	0.05	-0.01	-0.01	-0.24	-0.09	0.40	0.40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale of business
-	0.03	0.16	-0.24	0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-	0.01	0.05	-0.01	-0.01	-0.25	-0.08	0.39	0.40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Life [Member]
Loss from discontinued operations
-1	-1	-0	-0	-0	-	-	0	-0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-0.03	-0.05	-0.02	-0.02	-0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-0.03	-0.05	-0.02	-0.02	-0.02	-	-	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-