HANOVER INSURANCE GROUP, INC. - FORM 8-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS - June 14, 2011

Attached files

file	filename
8-K - FORM 8-K - HANOVER INSURANCE GROUP, INC.	d8k.htm
EX-99.1 - CHAUCER AUDITED CONSOLIDATED FINANCIAL STATEMENTS - HANOVER INSURANCE GROUP, INC.	dex991.htm
EX-23.1 - CONSENT OF ERNST & YOUNG LLP - HANOVER INSURANCE GROUP, INC.	dex231.htm

Exhibit 12.1

The Hanover Insurance Group, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in millions, except ratios)

Including realized gains and losses


		Three Months Ended				Fiscal Years Ended
		March 31, 2011				December 31, 2010				December 31, 2009				December 31, 2008				December 31, 2007				December 31, 2006
Earnings before income taxes, minority interest, extraordinary items and cumulative effect of accounting changes			37.5				211.1				270.9				164.4				341.5				271.0

Fixed Charges:
Interest expense			10.4				44.3				35.5				41.0				40.7				40.6
Interest portion of rental expense			1.4				5.7				5.1				5.6				5.7				5.5


Total fixed charges			11.8				50.0				40.6				46.6				46.4				46.1

Earnings before income taxes, minority interest, extraordinary items, cumulative effect of accounting changes and fixed charges			49.3				261.1				311.5				211.0				387.9				317.1

Ratio of earnings to fixed charges			4.178				5.222				7.672				4.528				8.360				6.879