Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 120

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1
Chunk 120
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the “Navigators ADC”) up to an aggregate limit of $300, for which the Company had previously ceded the available limit. During the three months ended March 31, 2025 and 2024, the Company collected recoveries from National Indemnity Company ("NICO"), a subsidiary of Berkshire Hathaway Inc., and as a result amortized $32 and $24 of the deferred gain within benefits, losses and loss adjustment expenses, respectively. As of March 31, 2025 and December 31, 2024, the deferred gain on the Navigators ADC was $32 and $64, respectively, and is included in other liabilities on the Condensed Consolidated Balance Sheets.

Group Life, Disability and Accident Products

Rollforward of Liabilities for Unpaid Losses and Loss Adjustment ExpensesFor the three months ended March 31,20252024Beginning liabilities for unpaid losses and loss adjustment expenses, gross$8,206 $8,274 Reinsurance recoverables282 254 Beginning liabilities for unpaid losses and loss adjustment expenses, net7,924 8,020 Provision for unpaid losses and loss adjustment expensesCurrent incurral year1,376 1,376 Prior year's discount accretion55 53 Prior incurral year development [1](197)(189)Total provision for unpaid losses and loss adjustment expenses [2]1,234 1,240 PaymentsCurrent incurral year(382)(357)Prior incurral years(903)(924)Total payments(1,285)(1,281)Ending liabilities for unpaid losses and loss adjustment expenses, net7,873 7,979 Reinsurance recoverables288 255 Ending liabilities for unpaid losses and loss adjustment expenses, gross$8,161 $8,234 [1]Prior incurral year development represents the change in estimated ultimate incurred losses and loss adjustment expenses for prior incurral years on a discounted basis.[2]Includes unallocated loss adjustment expenses ("ULAE") of $44 and $45 for the three months ended March 31, 2025 and 2024, respectively, that are recorded in insurance operating costs and other expenses in the Condensed Consolidated Statements of Operations.Re-estimates of prior incurral years reserves for the three months ended March 31, 2025Group disability - Prior period reserve estimates decreased by approximately $156 largely driven by strong long-term disability claim recoveries.Group life and accident (including group life premium waiver) - Prior