Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1346

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1346
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 Re and is before ceded reinsurance. 

[3]Excludes Global Re, offshore energy policies, credit and political risk insurance policies, political violence and terrorism ("PV&T") policies, and any business under which the managing agent of our Lloyd's Syndicate delegates underwriting authority to coverholders and other third parties.

Underwriting Ratios

202420232022Increase (Decrease) From 2023 to 2024Increase (Decrease) From 2022 to 2023Loss and loss adjustment expense ratio58.5 58.3 58.4 0.2 (0.1)Expense ratio31.1 31.0 31.6 0.1 (0.6)Policyholder dividend ratio0.3 0.3 0.3 — — Combined ratio89.9 89.6 90.2 0.3 (0.6)Adjustment to reconcile combined ratio to underlying combined ratio:Current accident year catastrophes and prior year development(2.0)(1.8)(2.0)(0.2)0.2 Underlying combined ratio87.9 87.8 88.3 0.1 (0.5)Underlying loss and loss adjustment expense ratio56.5 56.5 56.4 — 0.1 Current accident year catastrophes3.8 3.7 4.2 0.1 (0.5)Prior accident year development(1.8)(1.9)(2.2)0.1 0.3 Total loss and loss adjustment expense ratio58.5 58.3 58.4 0.2 (0.1)Loss and loss adjustment expense ratio58.5 58.3 58.4 0.2 (0.1)Adjustment to reconcile loss and loss adjustment expense ratio to underlying loss and loss adjustment expense ratio:Current accident year catastrophes and prior year development(2.0)(1.8)(2.0)(0.2)0.2 Underlying loss and loss adjustment expense ratio56.5 56.5 56.4 — 0.1 

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

Net Income Year ended December 31, 2024