Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1349

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1349
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 for workers' compensation, catastrophes, bond and package business, partially offset by reserve increases for general liability, assumed reinsurance and automobile liability.2025 OutlookIn 2025, the Company expects written premium growth to arise from new business, including from expanding addressable markets and distribution, and increases in written pricing in nearly all lines of business. While we anticipate slight, pricing-related headwinds in workers’ compensation margins in 2025, we expect to generate earned pricing in excess of loss trends in the remainder of Business Insurance.

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|Table of ContentsIndex to MD&APart II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

| PERSONAL INSURANCE - RESULTS OF OPERATIONS

Underwriting Summary

202420232022Increase (Decrease) From 2023 to 2024Increase (Decrease) From 2022 to 2023Written premiums$3,598 $3,198 $2,961 13 %8 %Change in unearned premium reserve145 111 12 31 %NMEarned premiums3,453 3,087 2,949 12 %5 %Fee income33 30 30 10 %— %Losses and loss adjustment expensesCurrent accident year before catastrophes2,351 2,287 1,969 3 %16 %Current accident year catastrophes [1]282 240 208 18 %15 %Prior accident year development [1](108)11 (13)NMNMTotal losses and loss adjustment expenses2,525 2,538 2,164 (1 %)17 %Amortization of DAC255 231 228 10 %1 %Insurance operating costs673 576 594 17 %(3 %)Amortization of other intangible assets2 2 2 — %— %Underwriting gain (loss)31 (230)(9)NMNMNet investment income [2]222 171 140 30 %22 %Net realized losses [2](14)(16)(35)13 %54 %Net servicing and other income (expense) [3]18 21 17 (14 %)24 %Income (loss) before income taxes257 (54)113 NMNMIncome tax expense (benefit) [4]49 (15)