Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 247

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 8
Chunk 247
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 derivative instruments of $62 and $78, respectively, which was invested and recorded in the Company's Condensed Consolidated Balance Sheets in fixed maturities and short-term investments with corresponding amounts recorded in other investments or other liabilities as determined by the Company's election to offset on the balance sheet. Also, as of March 31, 2025 and December 31, 2024, the Company did not hold securities collateral. 

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Table of ContentsNote 7 - Premiums Receivable and Agents' BalancesThe Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

7. Premiums Receivable and Agents' BalancesPremiums Receivable and Agents' Balances As of March 31, 2025As of December 31, 2024Premiums receivable, excluding receivables for losses within a deductible and retrospectively-rated policy premiums ("loss sensitive business")$6,027 $5,624 Receivables for loss sensitive business, by credit quality:AA95 97 A56 57 BBB190 193 BB95 94 Below BB49 50 Total receivables for loss sensitive business485 491 Total Premiums Receivable and Agents' Balances, Gross6,512 6,115 ACL(126)(117)Total Premiums Receivable and Agents' Balances, Net of ACL$6,386 $5,998 ACL on Premiums Receivable and Agents' BalancesPremiums receivable and agents' balances, excluding receivables for loss sensitive business, are primarily comprised of premiums due from policyholders, which are typically collectible within one year or less. For these balances, the ACL is estimated based on an aging of receivables and recent historical credit loss and collection experience, adjusted for current economic conditions and reasonable and supportable forecasts, when appropriate. Balances are considered past due when amounts that have been billed are not collected within contractually stipulated time periods.A portion of the Company's Business Insurance business is written with large deductibles or under retrospectively-rated plans (referred to as "loss sensitive business"). Under some commercial insurance contracts with a large deductible, the Company is obligated to pay the claimant the full amount of the claim and the Company is subsequently reimbursed by the policyholder for the deductible amount. As such, the Company is subject to credit risk until reimbursement is made. Retrospectively-rated policies are utilized primarily for workers' compensation coverage