Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 299

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 8
Chunk 299
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Note 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 nine months ended September 30,20252024Workers’ compensation$(188)$(188)Workers’ compensation discount accretion34 34 General liability— 81 Marine— (1)Package business— (6)Commercial property(28)(7)Professional liability(11)(7)Bond(22)(22)Assumed reinsurance— 24 Commercial automobile liability— 26 Personal automobile liability(55)(13)Homeowners(36)(15)Net asbestos and environmental ("A&E") reserves— — Catastrophes(39)(38)Uncollectible reinsurance6 — Other reserve re-estimates, net (9)(2)Prior accident year development before change in deferred gain(348)(134)Change in deferred gain on retroactive reinsurance included in other liabilities [1](64)(87)Total prior accident year development$(412)$(221)[1]The $64 and $87 change in deferred gain on retroactive reinsurance for the nine months ended September 30, 2025 and 2024, respectively, is related to amortization of the Navigators ADC deferred gain. For additional information regarding the ADC reinsurance agreement, refer to "Change in Deferred Gain on Retroactive Reinsurance" discussion below.Re-estimates of prior accident year reserves for the nine months ended September 30, 2025Workers’ compensation reserves were decreased within the 2016 to 2021 accident years primarily in small business, driven by lower than previously estimated claim severity.Commercial property reserves were decreased primarily within accident years 2023 and 2024 as a result of lower than expected severity.Professional liability reserves were decreased due to favorable development on directors and officers ("D&O") claims driven by the 2020 to 2023 accident years, partially offset by deterioration in employment practices liability and errors and omissions ("E&O") claims across multiple accident years.Bond reserves decreased due primarily to favorable development on commercial and contract surety bonds driven by accident years 2019 to 2021.Personal automobile liability reserves were decreased primarily within accident years 2020 to 2023 as a result of lower than expected severity.Homeowners reserves were decreased primarily due to favorable severity impacting accident year 202