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
Nine Months Ended | Fiscal Years Ended | |||||||||||
September 30, 2009 | December 31, 2008 | December 31, 2007 | December 31, 2006 | December 31, 2005 | December 31, 2004 | |||||||
Earnings before income taxes, minority interest, extraordinary items and cumulative effect of accounting changes | 197.4 | 164.4 | 341.5 | 271.0 | 53.4 | 145.5 | ||||||
Fixed Charges: | ||||||||||||
Interest expense | 27.6 | 41.0 | 40.7 | 40.6 | 40.6 | 40.6 | ||||||
Interest portion of rental expense | 3.8 | 5.6 | 5.7 | 5.5 | 5.0 | 5.3 | ||||||
Total fixed charges | 31.4 | 46.6 | 46.4 | 46.1 | 45.6 | 45.9 | ||||||
Earnings before income taxes, minority interest, extraordinary items, cumulative effect of accounting changes and fixed charges | 228.8 | 211.0 | 387.9 | 317.1 | 99.0 | 191.4 | ||||||
Ratio of earnings to fixed charges | 7.287 | 4.528 | 8.360 | 6.879 | 2.171 | 4.170 | ||||||