The Hanover Insurance Group (THG) Proxy filing summary

Executive summary

• Annual Meeting scheduled for May 12, 2026, with voting on director elections, executive compensation, and auditor ratification.

• 2025 financial highlights: net income of $662.5M, combined ratio of 91.6%, 3.9% growth in net written premiums, $130.1M in stock repurchases, and a 27.4% increase in book value per share.

• Board and management emphasize strong governance, sustainability, and human capital management.

Voting matters and shareholder proposals

• Shareholders will vote on: (1) election of eight directors for one-year terms, (2) advisory approval of executive compensation, (3) ratification of PricewaterhouseCoopers LLP as independent auditor for 2026.

• Board recommends voting FOR all proposals.

• Shareholder proposals for the 2027 meeting must be submitted by November 26, 2026, for proxy inclusion.

Board of directors and corporate governance

• Ten of eleven directors are independent; separate Chair and CEO roles.

• Board fully declassified by 2027; majority vote standard for director elections.

• Board diversity: 36% female, 18% people of color; average tenure 7.7 years.

• Board committees: Audit, Compensation and Human Capital, Nominating and Corporate Governance, and Committee of Independent Directors—all independent.

• Annual board and committee evaluations, director time commitment policy, and active board refreshment.