Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 368

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 368
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 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 3 Ukraine conflict [3]23 — 23 Other international1 — 1 Catastrophes before assumed reinsurance368 208 576 Global assumed reinsurance business [1] [2] [3]73 — 73 Total catastrophe losses$441 $208 $649 

[1]Includes losses from Winter Storm Elliott of $167, including $3 in the global assumed reinsurance business. Gross losses from Winter Storm Elliott of $202 were partially offset by a $35 reinsurance recoverable since, under a per occurrence property catastrophe