Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1053

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1C
Chunk 1053
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,598 $3,198 $2,961 13 %8 %Earned Premiums  Product Line  Automobile$2,401 $2,134 $2,025 13 %5 %Homeowners1,052 953 924 10 %3 %Total$3,453 $3,087 $2,949 12 %5 %

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

Premium Measures

202420232022Policies in-force end of period (in thousands)Automobile1,171 1,257 1,323 Homeowners712 704 740 New business written premiumAutomobile$314 $224 $227 Homeowners$200 $93 $74 Policy count retention  Automobile83 %85 %84 %Homeowners84 %84 %84 %Effective policy count retentionAutomobile80 %83 %86 %Homeowners83 %84 %85 %Renewal written price increaseAutomobile22.1 %16.3 %4.5 %Homeowners14.8 %14.2 %10.7 %Renewal earned price increaseAutomobile21.4 %10.5 %3.2 %Homeowners14.7 %12.9 %8.9 %

Underwriting Ratios

202420232022Increase (Decrease) From 2023 to 2024Increase (Decrease) From 2022 to 2023Loss and loss adjustment expense ratio73.1 82.2 73.4 (9.1)8.8 Expense Ratio26.0 25.2 26.9 0.8 (1.7)Combined Ratio99.1 107.5 100.3 (8.4)7.2 Adjustment to reconcile combined ratio to underlying combined ratio:Current accident year catastrophes and prior year development(5.1)(8.2)(6.7)3.1 (1.5)Underlying combined ratio94.1 99.3 93.7 (5.2)5.6 Underlying loss and loss adjustment expense ratio68.1 74.166.