WORCESTER, Mass., Dec. 4, 2023 /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 $0.85 per share on the issued and outstanding common stock of the company, payable December 29, 2023, to shareholders of record at the close of business on December 15, 2023.

The Hanover Insurance Group, Inc. Logo. (PRNewsFoto/The Hanover Insurance Group, Inc.) (PRNewsfoto/The Hanover Insurance Group, In)

"We are pleased to announce a 5% increase in our quarterly dividend, highlighting our board's confidence in the overall financial strength of our company and our prospects," said John C. Roche, president and chief executive officer at The Hanover. "This dividend increase will mark our 19th consecutive annual dividend increase. Looking ahead to 2024, we are well positioned to deliver positive results as we execute on our go-forward strategy while remaining committed to being responsible stewards of our capital."

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.

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