Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 157

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1
Chunk 157
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 Unpaid Losses and Loss Adjustment Expenses of Notes to Condensed Consolidated Financial Statements. 

[2]For discussion of consolidated investment results, see MD&A - Investment Results.

[3]Includes integration costs in connection with the 2019 acquisition of Navigators Group.

[4]For discussion of income taxes, see Note 12 - Income Taxes of Notes to Condensed Consolidated Financial Statements.

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Table of ContentsIndex to MD&A Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Premium Measures

Three Months Ended March 31,20252024Small Business:Net new business premium$298 $268 Policy count retention84 %85 %Renewal written price increases6.2 %5.7 %Renewal earned price increases7.4 %5.1 %Policies in-force as of end of period (in thousands)1,591 1,512 Middle and Large Business [1]:Net new business premium$188 $174 Premium retention81 %83 %Renewal written price increases 7.0 %7.1 %Renewal earned price increases7.3 %7.4 %Global Specialty:Global specialty gross new business premium [2]$225 $223 Renewal written price increases [3]6.2 %6.0 %Renewal earned price increases [3]6.5 %5.4 %

[1]Except for net new business premium, metrics for middle market exclude loss sensitive and programs businesses.

[2]Excludes Global Re and is before ceded reinsurance. 

[3]Excludes Global Re, offshore energy policies, credit and political risk insurance ("CPRI") policies, political violence and terrorism ("PV&T") policies, and any business under which the managing agent of our Lloyd's Syndicate delegates underwriting authority to coverholders and other third parties.

Underwriting Ratios

Three Months Ended March 31,20252024ChangeLoss and loss adjustment expense ratio62.8 58.3 4.5 Expense ratio31.3 31.5 (0.2)Policyholder dividend ratio0.3 0.3 — Combined ratio94.4 90.1 4.3 Adjustments to reconcile combined ratio to underlying combined ratio:Current accident year catastrophes and prior accident year development(5.9)(