The Hanover Insurance Group, Inc. (THG)

THG Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Net Income	35.3	116	422.8	358.7	425.1
Depreciation & Amortization	6.3	12.9	16.9	18.2	21.6
Share-Based Compensation	31.1	29	22.9	20.1	17.4
Other Operating Activities	289	564.4	361.1	310.6	138.8
Operating Cash Flow	361.7	722.3	823.7	707.6	602.9
Operating Cash Flow Growth	-49.92%	-12.31%	16.41%	17.37%	9.36%
Capital Expenditures	-11.9	-17.8	-8	-14.9	-13.3
Acquisitions	0	0	0	0	34.7
Change in Investments	-216.6	-489.8	-452.2	-593.9	-333.3
Investing Cash Flow	-228.5	-507.6	-460.2	-608.8	-311.9
Dividends Paid	-117.2	-108.9	-102.2	-99.5	-386.2
Share Issuance / Repurchase	6.5	-17.5	-142.1	-206.5	-549.2
Debt Issued / Paid	0	0	0	120.6	-151.1
Other Financing Activities	-11.4	-14.2	-8.9	-8.5	-12.8
Financing Cash Flow	-122.1	-140.6	-253.2	-193.9	-1,099.3
Net Cash Flow	11.1	74.1	110.3	-95.1	-808.3
Free Cash Flow	349.8	704.5	815.7	692.7	589.6
Free Cash Flow Growth	-50.35%	-13.63%	17.76%	17.49%	9.55%
Free Cash Flow Margin	5.84%	12.88%	15.60%	14.36%	12.06%
Free Cash Flow Per Share	9.80	19.79	22.72	18.37	14.74

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).