SEC Comment Letter for HANOVER INSURANCE GROUP, INC. (THG) (CIK 0000944695) (THG) — Jul 16, 2020
HANOVER INSURANCE GROUP, INC. (THG) (CIK 0000944695)
Date: July 16, 2020 · CIK: 0000944695 · Accession: 0000000000-20-006510
AI Filing Summary & Sentiment
File numbers found in text: 001-13754
Letter
United States securities and exchange commission logo July 16, 2020 Jeffrey Farber Chief Financial Officer The Hanover Insurance Group, Inc. 440 Lincoln Street Worcester, Massachusetts 01653 Re:The Hanover Insurance Group, Inc. December 31, 2019 Form 10-K Filed February 24, 2020 File No. 001-13754 Dear Mr. Farber: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. December 31, 2019 Form 10-K Note 3. Investments, page 87 1.Please revise future filings to present a rollforward of the allowance for credit losses for all material amounts. Refer to ASC 326-20-50-13 and ASC 326-30-50-9 for guidance. Note 14. Reinsurance, page 111 2.Please revise future filings to present an aging analysis for your reinsurance recoverables and disclose when you consider an amount past due. Refer to ASC 326-20-50-14 for guidance. To the extent a significant amount of receivables are past due, please revise MD&A to discuss payment practices and trends and to discuss the impact on your liquidity and financial results.
FirstName LastNameJeffrey Farber Comapany NameThe Hanover Insurance Group, Inc. July 16, 2020 Page 2 FirstName LastName Jeffrey Farber The Hanover Insurance Group, Inc. July 16, 2020 Page 2 In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Michael Volley, Staff Accountant, at 202-551-3437 or Amit Pande, Accounting Branch Chief at 202-551-3423 with any questions. Sincerely, Division of Corporation Finance Office of Finance
Show Raw Text
United States securities and exchange commission logo
July 16, 2020
Jeffrey Farber
Chief Financial Officer
The Hanover Insurance Group, Inc.
440 Lincoln Street
Worcester, Massachusetts 01653
Re:The Hanover Insurance Group, Inc.
December 31, 2019 Form 10-K
Filed February 24, 2020
File No. 001-13754
Dear Mr. Farber:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comments. In some of our comments, we may ask you to
provide us with information so we may better understand your disclosure.
Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional comments.
December 31, 2019 Form 10-K
Note 3. Investments, page 87
1.Please revise future filings to present a rollforward of the allowance for credit losses for
all material amounts. Refer to ASC 326-20-50-13 and ASC 326-30-50-9 for guidance.
Note 14. Reinsurance, page 111
2.Please revise future filings to present an aging analysis for your reinsurance recoverables
and disclose when you consider an amount past due. Refer to ASC 326-20-50-14 for
guidance. To the extent a significant amount of receivables are past due, please revise
MD&A to discuss payment practices and trends and to discuss the impact on your
liquidity and financial results.
FirstName LastNameJeffrey Farber
Comapany NameThe Hanover Insurance Group, Inc.
July 16, 2020 Page 2
FirstName LastName
Jeffrey Farber
The Hanover Insurance Group, Inc.
July 16, 2020
Page 2
In closing, we remind you that the company and its management are responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.
You may contact Michael Volley, Staff Accountant, at 202-551-3437 or Amit Pande,
Accounting Branch Chief at 202-551-3423 with any questions.
Sincerely,
Division of Corporation Finance
Office of Finance