Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 137

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 1
Chunk 137
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31, 2024P&CEmployee Benefits CorporateTotalP&CEmployee Benefits CorporateTotalA.M. Best Financial Strength RatingA++$2,188 $— $— $2,188 $2,271 $— $— $2,271 A+2,271 280 221 2,772 2,169 281 224 2,674 A751 1 — 752 829 1 — 830 A-612 3 — 615 622 4 — 626 B++2 — 2 4 2 — 2 4 Below B++22 — — 22 22 — — 22 Total Rated by A.M. Best5,846 284 223 6,353 5,915 286 226 6,427 Mandatory (Assigned) and Voluntary Risk Pools187 — — 187 205 — — 205 Captives420 — — 420 402 — — 402 Other not rated companies201 6 — 207 176 5 — 181 Gross Reinsurance Recoverables6,654 290 223 7,167 6,698 291 226 7,215 Allowance for uncollectible reinsurance(73)(1)(2)(76)(72)(1)(2)(75)Net Reinsurance Recoverables$6,581 $289 $221 $7,091 $6,626 $290 $224 $7,140 Balances are considered past due when amounts that have been billed are not collected within contractually stipulated time periods, generally 30, 60 or 90 days. To manage reinsurer credit risk, a reinsurance security review committee evaluates the credit standing, financial performance, management and operational quality of each potential reinsurer. In placing reinsurance, the Company considers the nature of the risk reinsured, including the expected liability payout duration, and establishes limits tiered by reinsurer credit rating.

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Table of ContentsNote 8 - ReinsuranceThe Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

Where its contracts permit, the Company secures future claim obligations with various forms of collateral or other credit enhancement, including irrevocable letters of credit, secured trusts, funds held accounts and