The Hanover Insurance Group, Inc. Increases Quarterly Dividend to $0.81 Per Common Share

Rhea-AI Summary

The Hanover Insurance Group (NYSE: THG) has announced an 8% increase in its quarterly dividend to $0.81 per share. This increase will be effective for shareholders of record as of December 15, 2022, with payment scheduled for December 30, 2022. CEO John C. Roche highlighted this decision as a testament to the company's strong strategic position and commitment to maximizing shareholder value in a dynamic economic environment. Investors are advised that future dividends are subject to board review and market conditions.

Positive

• 8% increase in quarterly dividend to $0.81 per share
• Payment scheduled for December 30, 2022, enhancing shareholder returns
• Demonstrates company's strong financial strategy and confidence in long-term earnings potential

Negative

• None.

WORCESTER, Mass., Dec. 5, 2022 /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 $0.81 per share on the issued and outstanding common stock of the company, payable December 30, 2022, to shareholders of record at the close of business on December 15, 2022.

"We are pleased to announce an 8% increase in our quarterly dividend," said John C. Roche, president and chief executive officer at The Hanover. "In this particularly dynamic industry and economic environment, our ability to continue delivering a robust increase in our quarterly dividend underscores the effectiveness of our differentiated strategy and reaffirms our board's confidence in the long-term earnings potential of our business. Our commitment to maximizing value for our shareholders remains at the forefront of our capital management priorities."  

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 $0.81 per share.

When will the dividend for THG be paid?

The dividend for THG will be paid on December 30, 2022.

What is the record date for THG's dividend?

The record date for THG's dividend is December 15, 2022.

How much has THG increased its dividend?

THG has increased its dividend by 8%.

Are future dividends guaranteed for THG shareholders?

Future dividends for THG shareholders are not guaranteed and are subject to the board's discretion.