WORCESTER, Mass., Oct. 24 /PRNewswire-FirstCall/ -- The Board of Directors
of The Hanover Insurance Group, Inc. (NYSE: THG) declared an annual dividend
of 45 cents($0.45) per share on the issued and outstanding common stock of
the company, payable December 10, 2008, to shareholders of record at the close
of business on November 26, 2008. This represents an increase of 5 cents from
the dividend paid last year.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051031/NEM023LOGO )
"I am pleased to announce that for the fourth consecutive year we have
increased our annual dividend," said Frederick H. Eppinger, chief executive
officer of The Hanover. "This action clearly demonstrates the board's
confidence in our financial strength, our liquidity position, and our ability
to generate solid financial results, even in the face of challenging market
conditions."
Forward-Looking Statements
Statements regarding our balance sheet, capital and liquidity positions,
potential for future profitable growth, and dividends payable to our
shareholders, which may be subject to future increases or decreases, 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, and actual
results could differ materially. Investors are directed to consider the risks
and uncertainties in its business that may affect future performance and that
are discussed in readily available documents, including 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. (NYSE: THG), 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, Mich., and their affiliates. The Hanover
offers a wide range of property and casualty products and services to
individuals, families and businesses through an extensive network of
independent agents, and has been meeting its obligations to its agent partners
and their customers for more than 150 years. Taken as a group, The Hanover
ranks among the top 40 property and casualty insurers in the United States.
For more information, please visit www.hanover.com.
CONTACTS: Investors: Media:
Sujata MutalikMichael F. Buckley
(508) 855-3457 (508) 855-3099
smutalik@hanover.commibuckley@hanover.comSOURCE The Hanover Insurance Group, Inc.
Contact: Investors, Sujata Mutalik, +1-508-855-3457, smutalik@hanover.com, or Media, Michael F. Buckley, +1-508-855-3099, mibuckley@hanover.com, both of The Hanover Insurance Group, Inc.