Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 296

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 8
Chunk 296
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 B++22 — — 22 22 — — 22 Total Rated by A.M. Best5,846 284 223 6,353 5,915 286 226 6,427 Mandatory (Assigned) and Voluntary Risk Pools187 — — 187 205 — — 205 Captives420 — — 420 402 — — 402 Other not rated companies201 6 — 207 176 5 — 181 Gross Reinsurance Recoverables6,654 290 223 7,167 6,698 291 226 7,215 Allowance for uncollectible reinsurance(73)(1)(2)(76)(72)(1)(2)(75)Net Reinsurance Recoverables$6,581 $289 $221 $7,091 $6,626 $290 $224 $7,140 Balances are considered past due when amounts that have been billed are not collected within contractually stipulated time periods, generally 30, 60 or 90 days. To manage reinsurer credit risk, a reinsurance security review committee evaluates the credit standing, financial performance, management and operational quality of each potential reinsurer. In placing reinsurance, the Company considers the nature of the risk reinsured, including the expected liability payout duration, and establishes limits tiered by reinsurer credit rating.

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Table of ContentsNote 8 - ReinsuranceThe Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

Where its contracts permit, the Company secures future claim obligations with various forms of collateral or other credit enhancement, including irrevocable letters of credit, secured trusts, funds held accounts and group wide offsets. As part of its reinsurance recoverable review, the Company analyzes recent developments in commutation activity between reinsurers and cedants, recent trends in arbitration and litigation outcomes in disputes between cedants and reinsurers and the overall credit quality of the Company’s reinsurers.Due to the inherent uncertainties as to collection and the length of time before reinsurance recoverables become due, it is possible that future adjustments to the Company’s reinsurance recoverables, net of the allowance, could be required, which could have a material adverse effect on the Company’s consolidated results of operations or cash flows in a particular quarter or annual period.The allowance for uncollectible reinsurance comprises an ACL