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SCHEDULE II CONDENSED FINANCIAL INFORMATION OF REGISTRANT PARENT COMPANY ONLY | 12 Months Ended
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Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract] |
SCHEDULE II CONDENSED FINANCIAL INFORMATION OF REGISTRANT PARENT COMPANY ONLY STATEMENTS OF INCOME | SCHEDU LE II THE HANOVER INSURANCE GROUP, INC. CONDENSED FINANCIAL INF ORMATION OF REGISTRANT PARENT COMPANY ONLY STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
YEARS ENDED DECEMBER 31 |  | 2025 |  |  | 2024 |  |  | 2023 |
(in millions) |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |
Net investment income |  | $ | 21.2 |  |  | $ | 10.5 |  |  | $ | 11.5 |
Net realized losses from sales and other |  |  | (0.2 | ) |  |  | (4.6 | ) |  |  | (1.1 | )
Other income |  |  | — |  |  |  | — |  |  |  | 0.5 |
Total revenues |  |  | 21.0 |  |  |  | 5.9 |  |  |  | 10.9 |
Expenses |  |  |  |  |  |  |  |  |
Interest expense |  |  | 43.1 |  |  |  | 34.1 |  |  |  | 34.1 |
Employee benefit related expenses |  |  | 3.9 |  |  |  | 3.4 |  |  |  | 3.9 |
Interest expense on loan from subsidiary |  |  | 7.0 |  |  |  | 7.1 |  |  |  | 7.0 |
Other operating expenses |  |  | 9.9 |  |  |  | 6.5 |  |  |  | 4.8 |
Total expenses |  |  | 63.9 |  |  |  | 51.1 |  |  |  | 49.8 |
Net loss before income taxes and equity in income of subsidiaries |  |  | (42.9 | ) |  |  | (45.2 | ) |  |  | (38.9 | )
Income tax benefit |  |  | 13.1 |  |  |  | 12.6 |  |  |  | 10.8 |
Equity in income of subsidiaries |  |  | 692.0 |  |  |  | 457.9 |  |  |  | 62.2 |
Income from continuing operations |  |  | 662.2 |  |  |  | 425.3 |  |  |  | 34.1 |
Income from discontinued Chaucer business (net of income tax expense of $0.1, $0.2 and $0.3) |  |  | 0.3 |  |  |  | 0.7 |  |  |  | 1.2 |
Net income |  |  | 662.5 |  |  |  | 426.0 |  |  |  | 35.3 |
Other comprehensive income, net of tax |  |  | 284.9 |  |  |  | 60.9 |  |  |  | 184.3 |
Comprehensive income |  | $ | 947.4 |  |  | $ | 486.9 |  |  | $ | 219.6 |
The condensed financial information should be read in conjunction with the consolidated financial statements and notes thereto. SCHEDULE II (CONTINUED) THE HANOVER INSURANCE GROUP, INC. CONDENSED FINANCIAL INFORMATION OF REGISTRANT PARENT COMPANY ONLY BALANCE SHEETS
DECEMBER 31 |  | 2025 |  |  | 2024 |
(in millions, except per share data) |  |  |  |  |  |
Assets |  |  |  |  |  |
Fixed maturities - at fair value (amortized cost of $332.7 and $231.1) |  | $ | 332.0 |  |  | $ | 227.2 |
Equity securities - at fair value |  |  | 2.9 |  |  |  | 2.8 |
Cash and cash equivalents |  |  | 449.0 |  |  |  | 57.4 |
Investments in subsidiaries |  |  | 4,130.2 |  |  |  | 3,451.3 |
Net receivable from subsidiaries |  |  | 24.6 |  |  |  | 25.2 |
Current income tax receivable |  |  | 2.0 |  |  |  | 4.7 |
Other assets |  |  | 5.9 |  |  |  | 3.3 |
Total assets |  | $ | 4,946.6 |  |  | $ | 3,771.9 |
Liabilities |  |  |  |  |  |
Expenses and state taxes payable |  | $ | 12.6 |  |  | $ | 10.7 |
Interest payable |  |  | 19.2 |  |  |  | 10.3 |
Short-term debt |  |  | 375.0 |  |  |  | 61.8 |
Long-term debt |  |  | 968.3 |  |  |  | 847.3 |
Total liabilities |  |  | 1,375.1 |  |  |  | 930.1 |
Shareholders’ Equity |  |  |  |  |  |
Preferred stock, par value $0.01 per share; 20.0 million shares authorized; none issued |  |  | — |  |  |  | — |
Common stock, par value $0.01 per share; 300.0 million shares authorized; 60.5 million shares issued |  |  | 0.6 |  |  |  | 0.6 |
Additional paid-in capital |  |  | 2,013.5 |  |  |  | 1,973.6 |
Accumulated other comprehensive loss |  |  | (171.4 | ) |  |  | (456.3 | )
Retained earnings |  |  | 3,741.6 |  |  |  | 3,209.6 |
Treasury stock at cost (25.1 and 24.6 million shares) |  |  | (2,012.8 | ) |  |  | (1,885.7 | )
Total shareholders’equity |  |  | 3,571.5 |  |  |  | 2,841.8 |
Total liabilities and shareholders’ equity |  | $ | 4,946.6 |  |  | $ | 3,771.9 |
The condensed financial information should be read in conjunction with the consolidated financial statements and notes thereto. SCHEDULE II (CONTINUED) THE HANOVER INSURANCE GROUP, INC. CONDENSED FINANCIAL INFORMATION OF REGISTRANT PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31 |  | 2025 |  |  | 2024 |  |  | 2023 |
(in millions) |  |  |  |  |  |  |  |  |
Cash flows from operating activities |  |  |  |  |  |  |  |  |
Net income |  | $ | 662.5 |  |  | $ | 426.0 |  |  | $ | 35.3 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |
Net realized investment losses |  |  | 0.2 |  |  |  | 4.6 |  |  |  | 1.1 |
Equity in net income of subsidiaries |  |  | (692.0 | ) |  |  | (457.9 | ) |  |  | (62.2 | )
Dividends received from subsidiaries, net of capital contributed |  |  | 1.3 |  |  |  | 75.5 |  |  |  | 0.7 |
Deferred income tax benefit |  |  | (1.3 | ) |  |  | (1.9 | ) |  |  | (0.4 | )
Change in expenses and taxes payable |  |  | 11.6 |  |  |  | (1.9 | ) |  |  | (5.6 | )
Change in net receivable from subsidiaries |  |  | 26.5 |  |  |  | 23.2 |  |  |  | 24.1 |
Other, net |  |  | 2.4 |  |  |  | 1.0 |  |  |  | 1.4 |
Net cash provided by (used in) operating activities |  |  | 11.2 |  |  |  | 68.6 |  |  |  | (5.6 | )
Cash flows from investing activities |  |  |  |  |  |  |  |  |
Proceeds from disposals and maturities of fixed maturities |  |  | 237.5 |  |  |  | 187.8 |  |  |  | 111.4 |
Proceeds from disposals of equity securities |  |  | 0.2 |  |  |  | 0.2 |  |  |  | — |
Purchase of fixed maturities |  |  | (46.1 | ) |  |  | (103.4 | ) |  | — |
Net cash provided by investing activities |  |  | 191.6 |  |  |  | 84.6 |  |  |  | 111.4 |
Cash flows from financing activities |  |  |  |  |  |  |  |  |
Proceeds from exercise of employee stock options |  |  | 15.4 |  |  |  | 16.7 |  |  |  | 6.5 |
Proceeds from issuance of debt, net |  |  | 495.0 |  |  |  | — |  |  |  | — |
Dividends paid to shareholders |  |  | (130.6 | ) |  |  | (124.1 | ) |  |  | (117.2 | )
Repayment of debt |  |  | (61.8 | ) |  |  | — |  |  |  | — |
Repurchases of common stock |  |  | (129.2 | ) |  |  | (26.7 | ) |  | — |
Net cash provided by (used in) financing activities |  |  | 188.8 |  |  |  | (134.1 | ) |  |  | (110.7 | )
Net change in cash and cash equivalents |  |  | 391.6 |  |  |  | 19.1 |  |  |  | (4.9 | )
Cash and cash equivalents, beginning of year |  |  | 57.4 |  |  |  | 38.3 |  |  |  | 43.2 |
Cash and cash equivalents, end of year |  | $ | 449.0 |  |  | $ | 57.4 |  |  | $ | 38.3 |
Included in other operating cash flows was the cash portion of dividends received from unconsolidated subsidiaries. Additionally, investment assets of $292.7 million, $25.8 million and $98.6 million were transferred to the parent company in 2025, 2024 and 2023, respectively, to settle dividend obligations and other intercompany borrowings and balances. The condensed financial information should be read in conjunction with the consolidated financial statements and notes thereto.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 4: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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