AM Best Affirms Credit Ratings of The Hanover Insurance Group, Inc. and Its Subsidiaries - Seite 2

The FSR of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) has been affirmed with stable outlooks for the following subsidiaries of The Hanover Insurance Group, Inc.:

• AIX Specialty Insurance Company
• Allmerica Financial Alliance Insurance Company
• Allmerica Financial Benefit Insurance Company
• Campmed Casualty & Indemnity Company, Inc.
• Citizens Insurance Company of America
• Citizens Insurance Company of Ohio
• Citizens Insurance Company of the Midwest
• Citizens Insurance Company of Illinois
• The Hanover American Insurance Company
• The Hanover Atlantic Insurance Company, Ltd.
• The Hanover Insurance Company
• The Hanover Casualty Company (formerly known as Hanover Lloyd’s Insurance Company)
• The Hanover New Jersey Insurance Company
• Massachusetts Bay Insurance Company
• NOVA Casualty Company
• Verlan Fire Insurance Company

The Long-Term ICR of “bbb+” (Good) has been affirmed with a stable outlook for The Hanover Insurance Group, Inc.

The following Long-Term IRs have been affirmed with a stable outlook:

The Hanover Insurance Group, Inc.—
-- “bbb+” (Good) on $199.5 million 7.625% senior unsecured debentures, due 2025 (of which $61.8 million remains outstanding)
-- “bbb+” (Good) on $375.0 million 4.5% senior unsecured fixed rate notes, due 2026
-- “bbb-” (Good) on $165.7 million 8.207% subordinated deferrable debentures, due 2027 (of which $50.1 million remains outstanding)
-- “bbb+” (Good) on $300 million 2.5% senior unsecured notes, due 2030

The following indicative Long-Term IRs under the shelf registration have been affirmed with a stable outlook:

The Hanover Insurance Group, Inc.—
-- “bbb+” (Good) on senior unsecured debt
-- “bbb-” (Good) on subordinated debt
-- “bbb-” (Good) on preferred stock

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.