The Hanover Insurance Group, Inc. Increases Quarterly Dividend to $0.75 Per Common Share

Rhea-AI Summary

The Hanover Insurance Group (NYSE: THG) has announced a 7% increase in its quarterly dividend to $0.75 per share. The dividend will be payable on December 30, 2021, to shareholders on record by December 16, 2021. CEO John C. Roche emphasized that this increase reflects the company's strong financial position and future earnings potential, reinforcing the board's confidence. The Hanover provides property and casualty insurance solutions across the U.S., focusing on profitable growth and shareholder value.

Positive

• 7% increase in quarterly dividend to $0.75 per share.
• Demonstrates strength of the company's balance sheet.
• Reflects board's confidence in financial position and future prospects.

Negative

• None.

WORCESTER, Mass., Dec. 6, 2021 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) announced today its board of directors has approved an increase in the company's quarterly dividend to $0.75 per share on the issued and outstanding common stock of the company, payable December 30, 2021, to shareholders of record at the close of business on December 16, 2021.

"We are very pleased to announce a 7% increase in our quarterly dividend, which underscores the strength of our balance sheet and go-forward earnings potential," said John C. Roche, president and chief executive officer at The Hanover. "The increase reinforces the board's confidence in our financial position and prospects. Our distinctive strategy, customer-centric capabilities, and balanced approach to capital allocation and management continue to position us well to drive sustainable, profitable growth across our businesses and to deliver value for our shareholders. We are incredibly excited about the opportunities ahead."

Forward-Looking Statements
Statements regarding quarterly or future dividends, whether regular or special, payable to the company's shareholders, which may be subject to future increases, decreases, or elimination, as determined by The Hanover's board of directors, are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The company cautions investors that any such forward-looking statements are not guarantees of future performance, including but not limited to, growth, earnings improvement, returns, future dividend payments, or the amount of such payments. Investors are directed to consider the risks and uncertainties in the company's business that may cause actual results to differ and/or affect the board's decision to declare dividends in the future, including those risks which are discussed in readily available documents, such as the company's annual report on Form 10-K and quarterly reports on Form 10-Q, as well as other documents filed by The Hanover with the Securities and Exchange Commission and which are also available on hanover.com under "Investors."

About The Hanover
The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides exceptional insurance solutions through a select group of independent agents and brokers. Together with its agent partners, The Hanover offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items. For more information, please visit hanover.com.

CONTACTS
Investors:	Media:
Oksana Lukasheva	Michael F. Buckley	Emily P. Trevallion
(508) 525-6081	(508) 855-3099	(508) 855-3263
Email: olukasheva@hanover.com	Email: mibuckley@hanover.com	Email: etrevallion@hanover.com

 

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SOURCE The Hanover Insurance Group, Inc.

FAQ

What is the new dividend amount for THG?

The new dividend amount for The Hanover Insurance Group (THG) is $0.75 per share.

When will THG's dividend be paid?

THG's dividend will be paid on December 30, 2021.

Who are eligible for the THG dividend?

Shareholders of record at the close of business on December 16, 2021, are eligible for the THG dividend.

What does the dividend increase indicate about THG's financial health?

The 7% increase in dividend indicates strong financial health and future earnings potential for THG.