Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2026

Changes in Other Comprehensive Income (Loss)

The following tables provide changes in other comprehensive income (loss).


	Three Months Ended March 31,
	2026									2025
				Tax									Tax
				Benefit			Net of						Benefit			Net of
(in millions)	Pre-Tax			(Expense)			Tax			Pre-Tax			(Expense)			Tax
Changes in net unrealized gains (losses) on investment securities:
Net unrealized gains (losses) arising during period for those having no credit losses in Consolidated Statements of Income	$	(93.0	)	$	19.5		$	(73.5	)	$	122.3		$	(25.7	)	$	96.6
Net unrealized losses arising during period for those having credit losses in Consolidated Statements of Income		(0.4	)		0.1			(0.3	)		—			—			—
Amount of losses realized from sales and other recognized in Consolidated Statements of Income		5.8			(1.3	)		4.5			18.9			(4.3	)		14.6
Amount of credit-related impairments (recoveries) on prior impairments recognized in the Consolidated Statements of Income		0.1			—			0.1			(0.1	)		—			(0.1	)
Amount of additional impairment losses recognized in the Consolidated Statements of Income		0.4			(0.1	)		0.3			0.2			(0.1	)		0.1
Net unrealized gains (losses)		(87.1	)		18.2			(68.9	)		141.3			(30.1	)		111.2
Pension and postretirement benefits:
Amortization of net actuarial losses recognized as net periodic benefit cost		1.7			(0.3	)		1.4			1.7			(0.3	)		1.4
Long-duration insurance contracts:
Net change in market risk		1.3			(0.3	)		1.0			(1.3	)		0.3			(1.0	)
Other comprehensive (loss) income	$	(84.1	)	$	17.6		$	(66.5	)	$	141.7		$	(30.1	)	$	111.6

Reclassifications Out of Accumulated Other Comprehensive (Loss) Income

Reclassifications out of accumulated other comprehensive (loss) income were as follows:


	Three Months Ended
	March 31,
(in millions)	2026			2025
	Amount Reclassified from
Details about Accumulated Other	Accumulated Other						Affected Line Item in the Statement
Comprehensive (Loss) Income Components	Comprehensive (Loss) Income						Where Net Income is Presented
Net unrealized losses on investment securities	$	(5.6	)	$	(18.8	)	Net realized losses from sales and other
		(0.5	)		0.1		(Impairments) recoveries on investments
		(6.1	)		(18.7	)	Total before tax
		1.4			4.3		Income tax (expense) benefit
		(4.7	)		(14.4	)	Income from continuing operations
		(0.2	)		(0.2	)	Income from discontinued life businesses
		(4.9	)		(14.6	)	Net of tax
Amortization of defined benefit pension and postretirement actuarial losses		(1.7	)		(1.7	)	Loss adjustment expenses and other operating expenses (1)
		0.3			0.3		Income tax (expense) benefit
		(1.4	)		(1.4	)	Income from continuing operations
Net change in market risk		0.3			0.3		Income from discontinued life businesses
		(0.1	)		(0.1	)	Income tax (expense) benefit
		0.2			0.2		Income from discontinued life businesses
Total reclassifications for the period	$	(6.1	)	$	(15.8	)	Net expense reflected in income, net of tax

(1)

The amount reclassified from accumulated other comprehensive loss for the pension and postretirement benefits was allocated approximately 40% to loss adjustment expenses and 60% to other operating expenses for the three months ended March 31, 2026 and 2025.

HANOVER INSURANCE GROUP, INC. 10-Q