Company: HIG-PG
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000874766-25-000084
Chunk: 294

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-07-28
Form: 10-Q
Item: Item 8
Chunk 294
---
 The Hartford’s settlement, the Third Circuit has dismissed those appeals as moot. The objecting parties' only remaining option is to petition by September 11, 2025, for U.S. Supreme Court review. If a petition is filed and the U.S. Supreme Court agrees to hear the case, the court approvals for the BSA’s plan of reorganization could be open to challenge, and it is possible that adverse outcomes, if any, could have a material adverse effect on the Company’s operating results.Change in Deferred Gain on Retroactive ReinsuranceThe Company has in place an ADC reinsurance agreement that covered substantially all reserve development of Navigators Insurance Company and certain of its affiliates for 2018 and prior accident years (the “Navigators ADC”) up to an aggregate limit of $300, for which the Company had previously ceded the available limit. The Company has collected recoveries from National Indemnity Company ("NICO"), a subsidiary of Berkshire Hathaway Inc., and as a result amortized $24 and $56 of the deferred gain within benefits, losses and loss adjustment expenses during the three and six months ended June 30, 2025, respectively, and amortized $37 and $61 during the three and six months ended June 30, 2024, respectively. As of June 30, 2025 and December 31, 2024, the deferred gain on the Navigators ADC was $8 and $64, respectively, and is included in other liabilities on the Condensed Consolidated Balance Sheets.

Group Life, Disability and Accident Products

Rollforward of Liabilities for Unpaid Losses and Loss Adjustment ExpensesFor the six months ended June 30,20252024Beginning liabilities for unpaid losses and loss adjustment expenses, gross$8,206 $8,274 Reinsurance recoverables282 254 Beginning liabilities for unpaid losses and loss adjustment expenses, net7,924 8,020 Provision for unpaid losses and loss adjustment expensesCurrent incurral year2,692 2,662 Prior year's discount accretion105 103 Prior incurral year development [1](377)(339)Total provision for unpaid losses and loss adjustment expenses [2]2,420 2,426 PaymentsCurrent incurral year(1,076)(1,071)Prior incurral years(1,430)(1,455)Total payments(2,506)(2,526)Ending liabilities for unpaid losses and loss adjustment expenses, net7,