Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 564

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 564
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IAL STATEMENTS (continued)

Cumulative Paid Losses & Allocated Loss Adjustment Expenses, Net of ReinsuranceFor the years ended December 31,(Unaudited)Incurral Year20152016201720182019202020212022202320242015$108 $460 $687 $806 $891 $962 $1,025 $1,078 $1,125 $1,164 2016112 479 705 819 907 981 1,043 1,100 1,144 2017109 452 658 757 842 911 970 1,017 2018105 447 639 743 827 897 954 2019101 454 650 751 832 895 2020100 458 663 767 839 2021101 493 720 820 2022101 496 719 2023116 562 2024129 Total$8,243 Group Life and Accident, excluding Premium WaiverUndiscounted Incurred Losses & Allocated Loss Adjustment Expenses, Net of ReinsuranceFor the years ended December 31,(Unaudited)Incurral Year202220232024IBNR ReservesClaims Reported2022$2,061 $2,053 $2,056 $12 72,225 20232,108 2,092 25 74,958 20242,065 380 59,084 Total$6,213 Cumulative Paid Losses & Allocated Loss Adjustment Expenses, Net of ReinsuranceFor the years ended December 31,(Unaudited)Incurral Year2022202320242022$1,562 $2,018 $2,040 20231,572 2,053 20241,576 Total$5,669 Group life, disability and accident reserves, including IBNRThe majority of Employee Benefits’ reserves are for LTD claimants who are known to be disabled and are currently receiving benefits. A Disabled Life Reserve ("DLR") is calculated for each LTD claim. The DLR for each claim is the expected present value of all estimated future benefit payments and includes estimates of claim recovery, investment yield, and offsets from other income, including offsets from Social Security benefits and workers’ compensation. Estimated future benefit payments represent the monthly income benefit that is paid until recovery, death or expiration of benefits. Claim