Company: HIG-PG
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000874766-25-000084
Chunk: 291

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-07-28
Form: 10-Q
Item: Item 8
Chunk 291
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,044 Reinsurance and other recoverables6,753 6,696 Beginning liabilities for unpaid losses and loss adjustment expenses, net29,651 27,348 Provision for unpaid losses and loss adjustment expenses  Current accident year5,670 5,088 Prior accident year development [1](309)(171)Total provision for unpaid losses and loss adjustment expenses5,361 4,917 Change in deferred gain on retroactive reinsurance included in other liabilities [1]56 61 Payments  Current accident year(1,175)(987)Prior accident years(3,205)(2,849)Total payments(4,380)(3,836)Foreign currency adjustment39 (9)Ending liabilities for unpaid losses and loss adjustment expenses, net30,727 28,481 Reinsurance and other recoverables6,631 6,656 Ending liabilities for unpaid losses and loss adjustment expenses, gross$37,358 $35,137 [1] Prior accident year development for the six months ended June 30, 2025 and 2024 included a $56 and $61 benefit for amortization of a deferred gain under retroactive reinsurance accounting, respectively, related to the Navigators Adverse Development Cover (the "Navigator's ADC"). For additional information regarding the ADC reinsurance agreement, refer to "Change in Deferred Gain on Retroactive Reinsurance" discussion below.

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Table of ContentsNote 9 - Reserve for Unpaid Losses and Loss Adjustment ExpensesThe Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

Unfavorable (Favorable) Prior Accident Year DevelopmentFor the six months ended June 30,20252024Workers’ compensation$(126)$(119)Workers’ compensation discount accretion23 23 General liability— 49 Marine— (1)Package business— (1)Commercial property(23)(5)Professional liability(11)(7)Bond(22)(22)Assumed reinsurance— 24 Commercial automobile liability— 10 Personal automobile liability(22)(13)Homeowners(31)(10)Net asbestos and environmental ("A&E") reserves— — Catastrophes(39)(38)Uncollectible reinsurance— — Other reserve re-estimates, net (2)— Prior accident year development before change in deferred gain(253)(110)Change in deferred gain on retroactive reinsurance