Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 31

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 2
Chunk 31
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Underwriting Ratios

Three Months Ended March 31,Underwriting Ratios20252024ChangeLoss and loss adjustment expense ratio79.1 76.3 2.8 Expense Ratio27.0 25.3 1.7 Combined Ratio106.1 101.6 4.5 Adjustment to reconcile combined ratio to underlying combined ratio:Current accident year catastrophes and prior year development(16.5)(5.5)(11.0)Underlying combined ratio89.7 96.1 (6.4)Underlying loss and loss adjustment expense ratio62.6 70.7 (8.1)Current accident year catastrophes20.8 6.4 14.4 Prior accident year development(4.3)(0.9)(3.4)Total loss and loss adjustment expense ratio79.1 76.3 2.8 Loss and loss adjustment expense ratio79.1 76.3 2.8 Adjustment to reconcile loss and loss adjustment expense ratio to underlying loss and loss adjustment expense ratio:Current accident year catastrophes and prior year development(16.5)(5.5)(11.0)Underlying loss and loss adjustment expense ratio62.6 70.7 (8.1)

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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

Product Combined Ratios

Three Months Ended March 31,20252024ChangeAutomobileCombined ratio93.5 103.9 (10.4)Adjustment to reconcile combined ratio to underlying combined ratio:Current accident year catastrophes(1.2)(1.0)(0.2)Prior accident year development3.8 1.6 2.2 Underlying combined ratio96.1 104.4 (8.3)HomeownersCombined ratio133.2 96.2 37.0 Adjustment to reconcile combined ratio to underlying combined ratio:Current accident year catastrophes(63.7)(18.7)(45.0)Prior accident year development5.6 (0.5)6.1 Underlying combined ratio75.1 77.0 (1.9)

Net income Three months ended March 31, 2025 compared to the three months ended March 31, 2024Net Income decreased, largely driven by lower under