The Hanover Insurance Group, Inc. Increases Quarterly Dividend to $0.30 Per Share

^{Published on 2011-11-15 10:56:35 - Market Wire}
 

The Hanover Insurance Group, Inc. Increases Quarterly Dividend to $0.30 Per Share -- WORCESTER, Mass., Nov. 15, 2011 /PRNewswire/ --

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WORCESTER, Mass., Nov. 15, 2011 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: [ THG ]) announced today that its board of directors declared a quarterly dividend of $0.30 per share on the issued and outstanding common stock of the company, payable December 13, 2011, to shareholders of record at the close of business on November 29, 2011.

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"We are pleased to announce an increase in our dividend for the second time this year, and for the eighth time during the last seven years, providing more value to our shareholders," said Frederick H. Eppinger, chief executive officer at The Hanover.

"This latest increase further reflects our strong overall financial condition and financial flexibility. This increase is a clear demonstration of the confidence our board of directors has in our ability to generate strong results going forward," said Eppinger.

Forward-Looking Statements

Statements regarding quarterly or future dividends payable to our shareholders (including statements regarding annualized values), 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 dividend payments, or the amount of such payments.  Statements regarding the company's "ability to generate strong results going forward" are also forward-looking statements. Investors are directed to consider the risks and uncertainties in the company's business that may affect the Board's decision to declare dividends in the future or might affect company's future results including those risks, which are discussed in readily available documents, such as the Company's annual report and other documents filed by The Hanover with the Securities and Exchange Commission and which are also available at [ www.hanover.com ] under "Investors."

About The Hanover

The Hanover Insurance Group, Inc., based in Worcester, Mass., is the holding company for a group of insurers that includes The Hanover Insurance Company, also based in Worcester, Citizens Insurance Company of America, headquartered in Howell, Michigan, and Chaucer Holdings PLC, based in London, and their affiliates. The Hanover offers a wide range of property and casualty products and services to businesses, individuals, and families through a select group of agents and brokers. The company is ranked among the top 25 property and casualty insurers in the United States and has been meeting its obligations to its agent partners and their customers for nearly 160 years. Through Chaucer, the company also underwrites business at Lloyd's in several major insurance and reinsurance classes, balancing global marine, energy, non-marine and aviation with U.K. motor and nuclear. For more information, please visit [ www.hanover.com ].

SOURCE The Hanover Insurance Group, Inc.

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