Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1031

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1C
Chunk 1031
---
Loss and loss adjustment expense ratio58.3 82.2 Prior accident year development (pts) [3](1.9)0.4 

[1]Includes the $787 settlement paid to the BSA on April 20, 2023. For further information, see "Settlement Agreement with Boy Scouts of America" in Note 10 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Consolidated Financial Statements.

[2]The “loss and loss adjustment expense paid ratio” represents the ratio of paid losses and loss adjustment expenses to earned premiums and fee income.

[3]“Prior accident year development (pts)” represents the ratio of prior accident year development to earned premiums.

Current Accident Year Catastrophe Losses for the Year Ended December 31, 2023, Net of ReinsuranceBusiness InsurancePersonal InsuranceTotalWind and hail$278 $214 $492 Winter storms68 15 83 Hurricanes and tropical storms10 3 13 Wildfires3 8 11 Other international6 — 6 Catastrophes before assumed reinsurance365 240 605 Global assumed reinsurance business [1]71 — 71 Total catastrophe losses$436 $240 $676 

[1]Catastrophe losses incurred on global assumed reinsurance business are not covered under the Company's aggregate property catastrophe treaty. For further information on the treaty, refer to Enterprise Risk Management — Insurance Risk section of this MD&A.

61

|Table of ContentsIndex to MD&APart II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

Unfavorable (Favorable) Prior Accident Year Development for the Year Ended December 31, 2023Business InsurancePersonal InsuranceProperty & Casualty Other OperationsTotal Property & Casualty InsuranceWorkers’ compensation$(236)$— $— $(236)Workers’ compensation discount accretion42 — — 42 General liability41 — — 41 Marine(2)— — (2)Package business(24)— — (24)Commercial property(7)— — (7)Professional liability(2)— — (2)Bond(27)— — (27)Assumed reinsurance34 — — 34 Automobile liability20 — — 20 Homeowners— (6)— (6)Net asbestos and