Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 357

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 8
Chunk 357
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1)4.7 1.7 3.0 Underlying combined ratio74.4 75.4 (1.0)74.1 76.7 (2.6)

Net income Three and nine months ended September 30, 2025 compared to 2024Net income increased for both the three and nine month periods, largely driven by improved underwriting results.Underwriting gain (loss) Three and nine months ended September 30, 2025 compared to 2024Underwriting gain for both the three and nine month periods changed from an underwriting loss primarily due to the effect of an increase in earned premium due to renewal price increases and more favorable prior accident year development. Current accident year catastrophe losses were lower for the three month period and higher for the nine month period.Expense ratio for both the three and nine months ended September 30, 2025 increased primarily due a higher commission ratio due to business mix. An increase in technology costs, higher staffing costs including incentive compensation, and marketing expenses, was offset by the effect of an increase in earned premium due to renewal written price increases.

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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

Earned Premiums Written PremiumsThree and nine months ended September 30, 2025 compared to 2024Earned premiums increased in both the three and nine month periods due to higher written premium over the prior twelve months in both automobile and homeowners.Written premiums increased in both the three and nine month periods driven by the effect of written pricing increases and by an increase in new business premium in homeowners in the nine month period. Renewal written pricing moderated for both automobile and homeowners in both the three and nine months ended September 30, 2025, primarily in response to moderating loss cost trends.Effective Policy count retention was relatively stable both for automobile and homeowners in both the three and nine months ended September 30, 2025, in response to moderating renewal written pricing increases.Policies in-force as of September 30, 2025 compared to September 30, 2024 declined for automobile and increased for homeowners, reflecting the level of new business in relation to non-renewed policies.

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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

Underlying Loss and Loss Adjustment Expense RatioThree and nine months ended September 30,