Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 27

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 2
Chunk 27
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52024ChangeLoss and loss adjustment expense ratio62.8 58.3 4.5 Expense ratio31.3 31.5 (0.2)Policyholder dividend ratio0.3 0.3 — Combined ratio94.4 90.1 4.3 Adjustments to reconcile combined ratio to underlying combined ratio:Current accident year catastrophes and prior accident year development(5.9)(1.8)(4.1)Underlying combined ratio88.4 88.4 — Underlying loss and loss adjustment expense ratio56.9 56.6 0.3 Current accident year catastrophes8.4 3.6 4.8 Prior accident year development(2.5)(1.8)(0.7)Total loss and loss adjustment expense ratio62.8 58.3 4.5 Loss and loss adjustment expense ratio62.8 58.3 4.5 Adjustments to reconcile loss and loss adjustment expense ratio to underlying loss and loss adjustment expense ratio:Current accident year catastrophes and prior accident year development(5.9)(1.8)(4.1)Underlying loss and loss adjustment expense ratio56.9 56.6 0.3 

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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

Net Income Three months ended March 31, 2025 compared to the three months ended March 31, 2024 Net income decreased primarily due to a lower underwriting gain and a change to net realized losses in the 2025 period from net realized gains in the 2024 period, partially offset by higher net investment income. For further discussion of investment results, see MD&A - Investment Results.Underwriting GainThree months ended March 31, 2025 compared to the three months ended March 31, 2024 Underwriting gain declined due to higher CAY catastrophe losses, partially offset by the effect of earned premium growth and slightly higher favorable prior accident year development, including $8 of a greater benefit for amortization of the deferred gain on the Navigators ADC.Expense ratio improved modestly as the impact of higher earned premium was partially offset by a slightly higher commission ratio due to business mix.

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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