Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1330

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1330
---
es and LAE for the Year Ended December 31, 2022 

 Business InsurancePersonal InsuranceProperty & Casualty Other OperationsTotal Property & Casualty InsuranceBeginning liabilities for unpaid losses and loss adjustment expenses, gross$26,906 $1,844 $2,699 $31,449 Reinsurance and other recoverables4,480 37 1,564 6,081 Beginning liabilities for unpaid losses and loss adjustment expenses, net22,426 1,807 1,135 25,368 Provision for unpaid losses and loss adjustment expensesCurrent accident year before catastrophes5,959 1,969 — 7,928 Current accident year catastrophes441 208 — 649 Prior accident year development [1](231)(13)280 36 Total provision for unpaid losses and loss adjustment expenses6,169 2,164 280 8,613 Change in deferred gain on retroactive reinsurance included inother liabilities— — (229)(229)Payments(4,684)(2,142)(276)(7,102)Foreign currency adjustment(32)— — (32)Ending liabilities for unpaid losses and loss adjustment expenses, net23,879 1,829 910 26,618 Reinsurance and other recoverables 4,574 28 1,863 6,465 Ending liabilities for unpaid losses and loss adjustment expenses, gross $28,453 $1,857 $2,773 $33,083 Earned premiums and fee income$10,610 $2,979 Loss and loss adjustment expense paid ratio [1]44.1 71.9 Loss and loss adjustment expense ratio58.4 73.4 Prior accident year development (pts) [2](2.2)(0.4)

[1]The “loss and loss adjustment expense paid ratio” represents the ratio of paid losses and loss adjustment expenses to earned premiums and fee income.

[2]“Prior accident year development (pts)” represents the ratio of prior accident year development to earned premiums.

Current Accident Year Catastrophe Losses for the Year Ended December 31, 2022, Net of ReinsuranceBusiness InsurancePersonal InsuranceTotalWind and hail$107 $104 $211 Winter storms [1]163 21 184 Hurricanes and Tropical Storms [2]74 80 154 Wildfires— 3