Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 28

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 2
Chunk 28
---
 Earned Premiums[1]Other earned premiums of $15 and $16 for the three months ended March 31, 2024, and 2025, respectively. Written Premiums[1]Other written premiums of $14 and $16 for the three months ended March 31, 2024, and 2025, respectively.Three months ended March 31, 2025 compared to the three months ended March 31, 2024 Earned premiums increased due to written premium increases over the prior twelve months.Written premiums increased driven by growth across small business, middle & large business and global specialty.•Small business written premium increased driven by double-digit new business growth and renewal written price increases in almost all lines. Written premium grew in nearly all lines of business, including package business, excess and surplus and automobile.•Middle & large business written premium increased driven by high single-digit new business growth and renewal written price increases in all lines. Written premium grew in nearly all lines across industry verticals, specialty markets, and large property.•Global specialty written premium increased driven by written price increases across almost all lines as well as an increase in gross new business, primarily in U.S. excess casualty insurance lines. Written premiums also grew in global reinsurance, primarily in property, credit risk and casualty.Renewal written price increases were recognized in most lines.•In small business, renewal written price increases were higher than the prior year, with low double-digit price increases in package business and automobile and moderating high single-digit price increases in excess and surplus lines. Workers' compensation pricing was slightly negative. •In middle market, renewal written price increases were consistent with prior year levels overall, with mid single-digit to low double-digit price increases in most lines. Liability pricing has accelerated and property pricing has moderated from 2024 levels. Workers’ compensation continued to be modestly positive. •In global specialty, price increases were slightly higher than prior year levels with mid single-digit renewal written price increases overall, including high single to mid-teen increases in casualty and auto lines.

70

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

Underlying Loss and Loss Adjustment Expense Ratio Three months ended March 31, 2025 compared to the three months ended March 31, 2024 Underlying Loss and Loss Adjustment Expense Ratio increased slightly due to a higher general liability loss ratio, reflecting the increased severity trends observed primarily during the second half of 2024