Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1028

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1C
Chunk 1028
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58

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

Rollforward of Property and Casualty Insurance Product Liabilities for Unpaid Losses and LAE for the Year Ended December 31, 2024 

 Business InsurancePersonal InsuranceProperty & Casualty Other OperationsTotal Property & Casualty InsuranceBeginning liabilities for unpaid losses and loss adjustment expenses, gross$29,181 $2,068 $2,795 $34,044 Reinsurance and other recoverables4,599 28 2,069 6,696 Beginning liabilities for unpaid losses and loss adjustment expenses, net24,582 2,040 726 27,348 Provision for unpaid losses and loss adjustment expenses    Current accident year before catastrophes7,186 2,351 — 9,537 Current accident year ("CAY") catastrophes486 282 — 768 Prior accident year development ("PYD") (231)(108)219 (120)Total provision for unpaid losses and loss adjustment expenses7,441 2,525 219 10,185 Change in deferred gain on retroactive reinsurance included in the provision for the period but reflected in other liabilities145 — (62)83 Payments(5,400)(2,345)(195)(7,940)Foreign currency adjustment(25)— — (25)Ending liabilities for unpaid losses and loss adjustment expenses, net 26,743 2,220 688 29,651 Reinsurance and other recoverables4,637 20 2,096 6,753 Ending liabilities for unpaid losses and loss adjustment expenses, gross$31,380 $2,240 $2,784 $36,404 Earned premiums and fee income$12,764 $3,486 Loss and loss adjustment expense paid ratio [1]42.3 67.3 Loss and loss adjustment expense ratio58.5 73.1 Prior accident year development (pts) [2](1.8)(3.1)

[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