Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 161

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1
Chunk 161
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 current accident year catastrophes and prior accident year development, see MD&A - Critical Accounting Estimates, Property & Casualty Insurance Product Reserves, Net of Reinsurance and Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Condensed Consolidated Financial Statements.

[2]For discussion of consolidated investment results, see MD&A - Investment Results.

[3]Includes servicing revenues of $20 and $19 for the three months ended March 31, 2025 and 2024, respectively. Includes servicing expenses of $16 and $15 for the three months ended March 31, 2025 and 2024, respectively.

[4]For discussion of income taxes, see Note 12 - Income Taxes of Notes to Condensed Consolidated Financial Statements.

Written and Earned Premiums

Three Months Ended March 31,Written Premiums20252024ChangeProduct LineAutomobile$627 $600 5 %Homeowners286 244 17 %Total$913 $844 8 %Earned PremiumsProduct LineAutomobile$618 $566 9 %Homeowners281 247 14 %Total$899 $813 11 %

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Table of ContentsIndex to MD&A Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Premium Measures

Three Months Ended March 31,Premium Measures20252024Policies in-force end of period (in thousands)Automobile1,146 1,233 Homeowners719 701 Net new business premiumAutomobile$81 $72 Homeowners62 34 Effective Policy Count RetentionAutomobile 79 %79 %Homeowners83 %83 %Renewal written price increaseAutomobile15.8 %25.5 %Homeowners12.3 %15.2 %Renewal earned price increaseAutomobile 20.0 %19.1 %Homeowners14.4 %14.4 %

Underwriting Ratios

Three Months Ended March 31,Underwriting Ratios20252024ChangeLoss and loss adjustment expense ratio79.1 76.3 2.8 Expense Ratio27.0 25.3 1.7 Combined Ratio106.1 101.6 4.5 Adjustment to reconcile combined ratio to underlying combined ratio:Current accident year catastrophes and prior year development(16.5