Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1327

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1327
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Personal InsuranceProperty & Casualty Other OperationsTotal Property & Casualty InsuranceWorkers’ compensation$(258)$— $— $(258)Workers’ compensation discount accretion44 — — 44 General liability211 — — 211 Marine(1)— — (1)Package business(6)— — (6)Commercial property(7)— — (7)Professional liability(27)— — (27)Bond(56)— — (56)Assumed reinsurance24 — — 24 Automobile liability47 (30)— 17 Homeowners— (28)— (28)Net asbestos and environmental reserves [1]— — 141 141 Catastrophes(67)(20)— (87)Uncollectible reinsurance(7)— (12)(19)Other reserve re-estimates, net [2]17 (30)28 15 Prior accident year development before change in deferred gain(86)(108)157 (37)Change in deferred gain on retroactive reinsurance included in other liabilities [1][3](145)— 62 (83)Total prior accident year development$(231)$(108)$219 $(120)

[1]The 2024 A&E reserve review resulted in an increase in reserves before ADC reinsurance of $203, for which $62 was recorded as a deferred gain on retroactive reinsurance.

[2]Other reserve re-estimates for the year ended December 31, 2024 includes a $32 decrease in personal automobile physical damage reserves.

[3] The change in deferred gain on retroactive reinsurance for the year ended December 31, 2024, included a benefit for amortization of the Navigators ADC deferred gain of $145.

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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

Rollforward of Property and Casualty Insurance Product Liabilities for Unpaid Losses and LAE for the Year Ended December 31, 2023 

 Business InsurancePersonal InsuranceProperty & Casualty Other OperationsTotal Property & Casualty InsuranceBeginning liabilities for unpaid losses and loss adjustment expenses, gross$28,453 $1,857 $2,773 $33,083 Reinsurance and other recoverables4,574 28 1,863 6,465