Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 56

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 56
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 Financial Statements.

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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

Premium Measures

202420232022Small Business:Net new business premium$1,101 $915 $768 Policy count retention84 %85 %86 %Renewal written price increases6.4 %4.6 %3.8 %Renewal earned price increases6.1 %4.3 %3.5 %Policies in-force as of end of period (in thousands)1,570 1,492 1,421 Middle Market [1]:Net new business premium$717 $617 $531 Premium retention84 %83 %83 %Renewal written price increases6.9 %7.2 %5.6 %Renewal earned price increases7.5 %6.5 %5.7 %Global Specialty:Global specialty gross new business premium [2]$944 $883 $825 Renewal written price increases [3]5.8 %4.4 %5.9 %Renewal earned price increases [3]5.9 %5.4 %9.3 %

[1]Except for net new business premium, metrics for middle market exclude loss sensitive and programs businesses.

[2]Excludes Global 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 catast